It added that it would take environmental, social and governance concerns into consideration and not consider exposure to nuclear energy, prisons or military developments, instead focusing on energy, transport, communication and social infrastructure assets – with the aim of achieving inflation-linked returns.Managing director Markus Anliker told IPE the fund’s six-strong investment committee would be staffed by representatives of both the infrastructure industry and pension funds backing the venture.Christian Stark of MPK will chair the board, sitting alongside B Capital Partners founder Barbara Weber and Peter Voser of Aargauische Pensionskasse, who, as IST’s representative, will not have a vote.Dalmore Capital chief executive Michael Ryan, the infrastructure manager behind the UK pension association’s Pension Infrastructure Platform, will also sit on the board, as will Jeffrey Parker, formerly of Ernst & Young Infrastructure Advisors, and Martin Rey.The investment committee will seek advice on deals from two unnamed advisers, appointed following searches conducted through IPE-Quest – one for direct and one for secondary investments.Anliker said the fund would concentrate on brownfield investments but also consider the secondaries market during its growth phase.“In future, the plan is to only invest directly,” he said. “That’s the goal – either direct or co-investments.” Five of Switzerland’s largest pension funds are behind a new CHF300m (€247m) infrastructure fund, which aims to invest one-third of its capital domestically.The fund, launched by the not-for-profit IST Investment Foundation, said the first close had attracted commitments from investors including the CHF20bn Migros Pensionskasse (MPK) and Luzerner Pensionskasse, the CHF5.9bn fund for employees of the canton.The CHF4.7bn pension fund for the Swiss energy sector, PKE, and the funds for pharmaceutical giant Roche and retailer Manor also provided capital towards the initial close.IST said in a statement that IST3 Infrastruktur Global would target assets across OECD member states, with a 30% bias towards Switzerland.
‘Visually stunning’ southside home enters FNQ market Why FNQ property prices could be on the up 8 Elizabeth St, Flying Fish Point is listed with RE/MAX agent Daniel ArnottWITH endless and open beach views, this “hidden gem” encapsulates the popular Far Northern expression – where the rainforest meets the Reef. Through the front door of 8 Elizabeth St, Flying Fish Point, is the edge of the rainforest and at the rear, the backyard turf shares grains of sand with the beach. The three-bedroom beach house is described as a “slice of paradise” by RE/MAX selling agent Daniel Arnott. “I didn’t even know this place existed – it’s one of Far North Queensland’s best-kept secrets,” he said. The backyard turf meets the beach at 8 Elizabeth St, Flying Fish Point. MORE NEWS Agent speechless after 123 groups storm open home “It’s got basically its own private beach. “If you wanted to, you’d be able to fish from your bed, that’s how close you are to the beach. “From your kitchen it would take you about 10 seconds to have sand on your feet.”He said the property’s location wasn’t all about the beach, with the short 10-minute drive to Innisfail making it a suitable home for a wide range of buyers. 8 Elizabeth St, Flying Fish Point is only 10 minutes from Innisfail.“It’s complemented by the art-deco village of Innisfail, which has everything you need just 10 minutes away. But then when you’re back at this house it feels like you’re a million miles away from everything. “It’s a quiet neighbourhood, the beach is pristine and I saw some dolphins the last morning I was there. It’s probably a location not many have considered and not many have heard of.” Mr Arnott said when holiday-makers or visitors to the area did stumble across the property, they would begin making offers. “People have knocked on the door and said would you let us rent it out for the holidays. “It’s never been holiday let, but they’ve been offered $3000 a week.” 8 Elizabeth St, Flying Fish Point is listed with RE/MAX agent Daniel ArnottAnd their reasoning for the generous offers could be due to any number of features this tidy, renovated property packs. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“It’s a well-kept beach home with original features,” Mr Arnott said. “They’ve just put a large deck out the back, which has water views as far as the eye can see. “There’s a large main living area which flows on to the deck. It’s also got a separate living area as well, at the front of the property if you wanted to breakaway and just entertain.” He said the “very open” home enjoyed sea breezes as well as plenty of natural light to highlight the rare black bean timber floors. The large deck at 8 Elizabeth St, Flying Fish Point has endless beach views.However, he said, one of the true retreats in the home was the master bedroom. “They’re all good-sized bedrooms with plenty of natural light but you just get really beautiful views from the master bedroom.”Nearby is a school, a park and a licensed cafe all within walking distance, but a major drawcard is access to the reefs via the Flying Fish Point boat ramp, just one minute away. “The property has onsite parking for your boat,” Mr Arnott said. “It’s fully fenced and gated so if you did use it as a holiday home, you could keep all your toys secured onsite. We’ve fielded a lot of inquiry from Melbourne. People simply wanting a change and they’re wanting to move there. Others have wanted it as holiday house. “No price on it yet, the owner is seeking expressions of interest for now.”