Transmission Gully is a 17-mile state motorway in the Wellington region of New Zealand, built to bypass the previous coastal route. InfraRed was one of four equity investors in the Wellington Gateway Partnership (WGP), which delivered the project under an availability-based Public Private Partnership with the New Zealand Transport Agency. InfraRed played an influential role in WGP, which was responsible for financing, designing, and constructing the motorway as well as its ongoing operations and maintenance. The motorway opened to the public in March 2022.
Stephane Kofman, Head of Value-add Funds, InfraRed, said: “Transmission Gully is a highly successful piece of essential infrastructure for the Wellington region, and this sale is testament to our ability to create attractive infrastructure assets for prospective buyers and deliver value for investors.”
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Notes to Editors
About InfraRed Capital Partners (“InfraRed”)
InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.
InfraRed manages US$13bn of equity capital [1] for investors around the globe in listed and private funds across both core and value-add strategies.
InfraRed combines a global reach, operating worldwide from offices in London, Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.
InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.
For more information, please visit www.ircp.com.
[1] Uses 5-year average FX as at 31st December 2024 of GBP/USD of 1.2818; EUR/USD 1.1092. EUM is USD 13.186m.
