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Our Investments

Lighthouse Infrastructure focuses its investment activity on high quality, sustainable infrastructure assets which have a positive impact on society. See examples of our investments below.

LIGHTHOUSE INFRASTRUCTURE FUND TRUST

In November 2021, Lighthouse Infrastructure and SGCH announced a landmark partnership agreement to invest in the provision of Key Worker Accommodation via SGCH Keys, a registered charity and subsidiary of SGCH Group. The agreement involves an investment in 85 completed residential apartments located in Westmead, Western Sydney, NSW. The apartment site is located within the greater Westmead hospital precinct which is home to a number of major hospitals, schools and university campuses and is well served by key amenities including public transport links, retail and recreation facilities.

Lighthouse is financing the acquisition of the properties and the tenancies will be managed by SGCH, with key worker tenants meeting the criteria of very low to moderate income bands, and working in designated sectors including emergency services, health and education. Rents will be charged at a maximum 75 per cent of market rates to key workers such as hospital workers unable to afford accommodation in the area.

SGCH is a leading not-for-profit community housing provider with over 35 years’ experience in developing and managing sustainable, safe and affordable homes and connecting people to opportunity. Recognised as one of the largest community housing providers in Australia, SGCH houses around 11,500 people in over 7,000 homes across the Sydney Metropolitan Region.

In September 2018, Lighthouse Infrastructure provided funding to the Home4Life consortium to construct 66 Group homes throughout New South Wales for people with disability. With construction of the homes now largely complete, the Home4Life investment will house over 300 residents in newly built small‐scale homes located within the community.

Investment in Home4Life has allowed residents to be transferred from State based care in old institutional environments to new Group homes, often returning to live closer to family and support networks.

The Home4Life consortium comprises Compass Housing, BlueCHP and Lighthouse Infrastructure.

In October 2018, Lighthouse Infrastructure and Summer Housing signed an agreement to invest in Specialist Disability Accommodation (SDA). The venture has committed to invest in 70 SDA apartments across Victoria, New South Wales, Queensland and the Australian Capital Territory.The 70 SDA Summer Housing apartments provide appropriate independent living for young people with disability previously residing in inappropriate aged care or hospital facilities.

Summer Housing was established in 2017 as an initiative of the Summer Foundation, whose purpose is to generate sustainable change for young people with disability who reside in Residential Aged Care. Summer Foundation was established in 2006 and its key aim is to change human service policy and practice related to young people in aged care. The Summer Foundation uses stories, research, prototypes and knowledge as key tools to influence health, housing and disability services policy and practice related to this target group. Learn more about the Summer Foundation and its initiatives at their website.

LIGHTHOUSE SOLAR FUND

In October 2017, the Lighthouse Solar Fund acquired 100% of the 72MW Emerald Solar Park from Renewable Energy Systems (RES), a leading global, renewable energy business, based in the U.K.

 

The plant, located in Emerald, Queensland, was RES’s first solar project in Australia. The project has a Power Purchase Agreement (PPA) in place with Telstra, representing Australia’s first corporate PPA.

 

The project became fully operational in early 2019 and generates enough electricity to power approximately 35,000 Queensland homes and abate emissions of around 130,000 tonnes of CO2e annually.

In May 2017, the Lighthouse Solar Fund acquired a 50% equity interest in the 100MW Clare Solar Farm from Fotowatio Renewable Ventures (FRV), a leading developer of solar projects, based in Madrid, Spain. Developed by FRV, the Clare Solar Farm is located around 35 km south-west of Ayr in Northern Queensland.

 

Origin Energy has entered into a long-term contract to purchase 100% of the electricity output and large-scale renewable energy certificates (LGCs) generated by the project, which will utilise single-axis tracking mounts to optimise the generation at the site. The project commenced operation in early 2018.

 

The project will generate enough electricity to power approximately 54,000 Queensland homes, abating emissions of approximately 200,000 tonnes of CO2e annually.

Roof-mounted Solar Systems generate electricity at the point of consumption (e.g. on a Residential or Commercial roof), which is used directly by the household or business. Electricity produced that is not consumed is either stored in a battery or fed back into the grid. The Lighthouse Solar Fund has a portfolio of Solar Systems and associated purchasing power agreements in place with a range of schools, community clubs, commercial and residential customers across South Australia, the Northern Territory and Victoria.

PAST TRANSACTIONS

In July 2017, the Lighthouse Solar Fund acquired 100% of the 20MWp Hughenden solar plant from BayWa r.e., a leading global, renewable energy developer, wholesaler and energy solutions provider, based in Munich, Germany. In November 2018, the Fund divested the project.
In 2012, Lighthouse Infrastructure advised Palisade Investment Partners on the $66.5 million acquisition of a 50% interest in the Port of Portland from the Australian Infrastructure Fund (AIX). Lighthouse assisted Palisade assess and execute the transaction and act as a director of the Company following the acquisition. The Port of Portland is a deep-water seaport strategically located in south western Victoria. Port of Portland acts as the international gateway to the Green Triangle Region, an area encompassing significant natural resources and related production industries, and specialises in handling a diverse range of bulk commodities. The major cargoes include timber products, mineral sands, aluminium products, grain and livestock.
Lighthouse Infrastructure acted for the Plenary Group by introducing and arranging for Caisse de depot et placement du Quebec (the Caisse) to make its first direct investment in Australia, via the $180 million acquisition of six public-private partnership (PPP) projects from the Plenary Group. This transaction has led to the Plenary Group establishing a long term equity and asset management strategic alliance with the Caisse. The projects include Casey Hospital, SAPOL, LEAP1, LEAP 2, Melbourne Convention Centre and VCCC.
Lighthouse Infrastructure acted for the Plenary Group by introducing and arranging equity for UniSuper and Caisse de depot et placement du Quebec (the Caisse) to invest 69% of the project equity in the $1 billion Victorian Comprehensive Cancer Centre (VCCC) Project with the Victorian Government. The VCCC Project, located in Melbourne will provide a purpose-built facility for cancer research, including the Peter MacCallum Cancer Centre, cancer-related clinical and research facilities for the University of Melbourne. The VCCC Project will be built over a 4 year period by the Grocon/PCL construction joint venture with facility operations by Honeywell over its 25 year operational life.
Lighthouse Infrastructure has originated and completed the acquisition of a portfolio of $4.6 million in Utility Solar Assets. The assets comprise ten Solar Assets in the Northern Territory. The assets have a PPA life of between 10 and 20 years and produce a strong yield for initial investors.