New Kansai International Airport Co. is seeking to attract the state-run retirement fund to a sale of two airport concessions that could raise as much as ?1.2 trillion.
The Government Pension Investment Fund, the world¡¯s largest, with $1.2 trillion under management, ¡°is a strong future candidate investor for infrastructure, including these airports,¡± said Shinichiro Okada, who is overseeing the concession sale for New Kansai. He declined comment on whether the parties are currently in talks.
¡°Airport concessions will be a new asset class that would attract pension funds in Japan,¡± Okada, who formerly worked at Macquarie Group Ltd.¡¯s infrastructure business in Japan, said Monday in Osaka.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.