There is no such thing as the perfect asset but if there was it would probably be infrastructure. There are a number of reasons for this. For example, infrastructure can take many forms – from an airport to a water plant to a pylon carrying high voltage power lines to pipes regulating water flow in outback Australia – and can be defined in a multitude of ways. My favourite definition, however, is “For the Public Good”; society can’t afford not to have Infrastructure and will pay for it as part of the cost of being in a 21st century world. Additionally, the characteristics of infrastructure assets give us an idea of why it is such a good portfolio asset: Infrastructure is key in the provision of essential services so must be built and maintained; Infrastructure generally has high upfront building costs, but generally low ongoing operational costs; There are invariably … Continue reading Why is Infrastructure so attractive?