The Caisse de dépôt et placement du Québec has made has teamed up with Plenary Group — an independent long-term investor, developer and operator of public infrastructure, and made an AU$40.5 million investment in the Victorian Comprehensive Cancer Centre Project (VCCC).
The $1.2 billion VCCC project will deliver a purpose built cancer research, treatment, care and education facility in Parkville, Melbourne, one of Australia’s leading biomedical and research precincts.
“Through this investment, in addition to the five others made earlier this year with Plenary, the Caisse is strengthening its presence in Australia and is adding another quality asset to its infrastructure portfolio,” said Macky Tall, senior vice-president, investments, infrastructure at the Caisse de dépôt et placement du Québec. “This investment underscores our desire to invest in promising projects and with well-established partners in order to generate stable and predictable, long-term returns for our depositors.”