AMP Capital scores AFL stadium interest

With the launch of the new footy season just around the corner, AMP Capital has made a big play in Perth's Optus Stadium, home to AFL clubs Fremantle Dockers and West Coast Eagles.

The investment manager has acquired a 50% interest in Westadium, the organisation that partnered the Western Australian government in designing, building, financing and maintaining Optus Stadium, the new home of AFL clubs Fremantle Dockers and West Coast Eagles.

AMP Capital said the acquisition - which closed this month - was on behalf of investors in its Community Infrastructure Fund (CommIF), which invests in high-yield, brownfield, social infrastructure assets in Australia and New Zealand.

CommIF fund manager Charles Savage said the fund was delighted to have secured an interest in the stadium, noting social infrastructure projects such as sport stadiums were of particular interest, given their predictable revenue and benefits for the economy they're embedded within.

"We are proud to invest in a social infrastructure project that supports sporting and community events, and brings strong financial benefits to its local economy," Savage said.

"Our clients value the secure and predictable revenue streams that social infrastructure projects offer."

The acquisition takes CommIF's social infrastructure assets to 14, with Savage noting the fund's prominence in social infrastructure assets.

"CommIF holds a strong track record in the market and is recognised as a leading investor and manager of social infrastructure assets," he said.

Read more: AMP CapitalAFLOptus StadiumCharles SavageCommunity Infrastructure FundWestadium
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