Cashed-up Infratil not short of investment options

Digital infrastructure has been a tidy investment for Infratil. (Image: Getty)

Tue, 23 May 2023

A cashed-up Infratil isn’t struggling to find places to deploy its $1.5 billion war chest, with plenty of options within its existing portfolio and increasingly attractive opportunities elsewhere. The infrastructure investor has significant cash reserves since telco subsidiary One New Zealand sold its towers into a new business, adding to Infratil's undrawn banking lines to take advantage of various investment options in the year ahead. Infratil’s total investments in the March 2023 year were $1.36b, down from the $1.4...

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Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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