December 10, 2016 10:20 PM ET

Capital Markets

Company Overview of Colonial First State Investments Limited

Company Overview

The firm provides its services to individuals, corporate, and superannuation fund investors. It manages mutual funds and hedge funds for its clients. The firm also provides retirement and superannuation products. It invests in the public equity, fixed income, and alternative investments markets across the globe. The firm operates as a subsidiary of Colonial First State Asset Management (Australia) Limited. Colonial First State Investments Limited was founded in 1988 and is based in Sydney, Australia with additional offices in Melbourne, Australia, Brisbane, Australia, Perth, Australia, and Adelaide, Australia. Colonial First State Investments Limited operates as a subsidiary of Colonial Firs...

11 Harbour Street

Sydney, NSW 2000

Australia

Founded in 1988

Phone:

61 2 9303 3000

Fax:

61 2 9303 3200

Key Executives for Colonial First State Investments Limited

Executive General Manager
General Manager of Product and Investments
General Manager Fund Services and Director
General Manager of IT
Portfolio Manager
Compensation as of Fiscal Year 2016.

Colonial First State Investments Limited Key Developments

Five Ways For Origin's Infrastructure Asset Sales

Origin Energy Limited (ASX:ORG) will sell five energy infrastructure and wind generation assets as part of its $800 million asset divestment program, with the auction scheduled to get underway in March, 2016. In recent meetings with potential buyers, Origin Energy has revealed plans to offload its Darling Downs and Port Campbell to Mortlake gas pipelines, the Mortlake Terminal Station and the Cullerin Range and Stockyard Hill wind farms. According to a presentation given to the buyers – and obtained by Street Talk - Origin Energy will write power purchase agreements, gas transmission agreements and tolling agreements for each of the five assets. It means the auction will line up existing pipeline and wind farm owners against low cost of capital superannuation investors and infrastructure funds. Strategic buyers including APA Group (ASX:APA) and Australian Gas Networks Limited are expected to take a close look at the pipelines, along with QIC Limited and underbidders in the Iona auction including Retail Employees Superannuation Trust. Colonial First State Investments Limited and the likes of AMP Capital Investors Limited and Palisade Investment Partners Limited are also expected to run the numbers. Infratil Limited (NZSE:IFT) and Infrastructure Capital Group Ltd will take a look at Origin Energy's windfarms. Cullerin Range, located in NSW's Southern Highlands, is a 30megawatt farm, while Stockyard Hill is a development project in Victoria, which will cost about $1 billion to build. The biggest question will be whether Origin and its adviser, Bank of America Merrill Lynch International Limited, can catch a mystery offshore or Chinese acquirer as has been in case in recent infrastructure auctions including Pacific Hydro and Port of Darwin. Bidders left Origin's briefings expecting the auction to begin with confidentiality agreements and an information memorandum in March and wrap up before the end of the financial year of 2015. Expectations are the assets should fetch more than AUD 800 million. UBS Group AG (SWX:UBSG) is running the gas asset sales in a separate process.

Bankstown And Camden Airports On Block

Bankstown Airport Limited and Camden Airport Limited may be sold. A consortium including Mirvac Group (ASX:MGR), AustralianSuper Pty Ltd, and Colonial First State Investments Limited has put the two airports up for sale with expectations above AUD 195 million. The two sites are again being offered for sale, after 2012, as a package deal as well as a development opportunity. Another owner, BAC Holdco Pty Limited has appointed Colliers International's Gavin Bishop and Malcom Tyson and Grant Samuel & Associates Ltd.'s Damien Elias and Salih Harman to advise on the sale. The news report mentioned that the parties declined to comment. Interested parties are being asked to submit non-binding indicative offers after which a shortlist of potential buyers will most likely be drawn up to undertake detailed due diligence before making a final offer.

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