Chapter 12
Australian Roadtrip
2 https://www.kwinana.wa.gov.au/#content
3 https://arena.gov.au/projects/Kwinana-waste-to-energy-project/
4 Page 37 of Macquarie’s 2019 annual report. file:///C:/Users/moull/Downloads/Annual%20Report%20-%202019.pdf
5 https://www.bp.com/en_au/australia/home/media/press-releases/kwinana.html
7 Macquarie’s critical minerals and energy chairman Robert Dunlop says: ‘We do everything with partners, it’s really important that we do things with partners, because we need to use the best know-how.’
8 BP buys 40.5pc stake in Pilbara hydrogen project, which it will operate with Macquarie, Intercontinental Energy and CWP Global (theAustralian.com.au).
9 ‘BP has got very good customer relationships with all of those players,’ Robert Dunlop adds.
10 Agjournal, May 2022, pages 26–9
11 O’Leary’s focus is driven by the convergence of two macro factors—the first, the looming 25 per cent expected increase in the world’s population over the coming decades and a need for agriculture to double food production in response. The second is the emergence of an environmental marketplace which values the role natural assets can play in the decarbonisation effort through changes to land use.
12 Technology, according to O’Leary, will be key to producing more with less. Her operations have adopted precision agriculture where GPS guidance technology and geospatial and electromagnetic data provide insights on how to optimally farm every square metre of farmland while also recognising that some landscapes are better suited to restoration and environmental projects. In Macquarie’s portfolio, O’Leary has seen continued opportunities to support and adopt innovations including robotics, biologicals, advanced analytics and precision nutrient management.
‘Quirky asset investment makes a comeback’, https://www.afr.com/politics/quirky-asset-investment-makes-a-comeback-20040407-j7bqm
13 So, it was basically an investment in one-third of a hectare of forestry land, with a commitment it would be sold when the trees were harvested in 10 years, plus rent of 10 per cent of the net harvest proceeds.
In the same year the abovementioned transaction was sealed, Macquarie was part of group that missed out on the privatisation of New South Wales’ land registry which ended up going to First State Super and Hastings Fund Management.
15 http://www.lallalwindfarms.com.au/wp-content/uploads/LLWF-fact-sheet.pdf
17 According to the Australian Financial Review, the wind farm is being strategically reviewed by its owners ahead of a potential sale.
18 https://www.afr.com/street-talk/igneo-picks-up-60pc-of-victorian-wind-farms-lal-lal-20220908-p5bgcd
19 http://murrawarrawindfarm.com/about/
20 ‘Power players sniff the wind and descend on renewables projects’, https://www.theaustralian.com.au/business/dataroom/power-players-sniff-the-wind-and-descend-on-renewables-projects/news-story/488154d968fe6e0704a421d023812721
22 John Pickhaver adds: ‘We’re close to the market. Here’s an opportunity. Let’s go and do it.’
23 The Macquarie Foundation—its philanthropic arm—also got involved in due diligence on the
charities and operators the company was looking at for potential partners.
25 SDA Investor Think Tank, August 2021 report on Specialist Disability Accommodation.
26 The sites are typically chosen around factors such as proximity to communities, retail and leisure facilities, medical practitioners and public transport.
27 https://www.portofnewcastle.com.au/master-plan-2040-2/
29 ‘It has to be real and it has to be transparent,’ Carmody adds.
30 https://www.goldcoastairport.com.au/latest-news/new-cafes-bars-and-shops-on-the-way-for-gca
The terminal has also facilitated the addition of direct Gold Coast to Bali flights which will commence in 2023.
31 Via The Infrastructure Fund it also has a small holding in Perth Airport, but Macquarie sold out of its stake in Hobart Airport, the gateway to the capital of Tasmania, in 2019.
Despite the ownership change in 2022, Paul Brimblecombe continues as Cubbie CEO.
33 https://cubbie.com.au/wp-content/uploads/2019/08/Cubbie-press-release-020819.pdf
