Capella Capital

Representatives from Spark, Capella Capital and Major Roads Projects Victoria joined workers at the North East Link site in Watsonia as the finishing touches are now being putting on the Tunnel Boring Machines (TBMs). A traditional Aboriginal smoking ceremony was carried out to mark the occasion, and the TBM was blessed by a local priest. In keeping with long-held traditions on tunnelling projects, work at the site has been overseen by Saint Barbara, the patron saint of tunnellers and miners. The 200-metre long launch box is now complete and both cutterheads for the TBMs have been lowered into place. The 90-metre long TBMs which weigh 4,000 tonnes each will start their 6.5km journey from Watsonia to Bulleen in the coming weeks.

Thrilled to Advise Celsus on their recent Deal of the Year Win!   A huge congratulation to Celsus @ the Royal Adelaide Hospital (Celsus Securitisation Pty Limited) Au$2.12 billion senior secured green and social loan, which was awarded the Social Infrastructure Deal of the Year at The Asset 2024 Sustainable Infrastructure Awards in Singapore last week.   Celsus is the consortium that manages and maintains the world-leading Royal Adelaide Hospital, under a Public Private Partnership (PPP) for a 30-year contract ending in 2046.   Capella Capital, acting as Financial Advisor for Celsus, recently completed the Au$2.12 billion refinancing of the Royal Adelaide Hospital. This groundbreaking financing, both in Australia and internationally, includes the world's largest, healthcare related, green and social loan and the largest Australian project finance green sustainability loan.   The deal fully refinanced the project debt with leading domestic and existing project investors, including three Australian banks namely ANZ Banking Group, Commonwealth Bank of Australia, and Westpac Banking Corporation, as well as 12 international lenders including Bank of China, Bank of Communications Co.,Ltd., Crédit Agricole CIB, HSBC Bank, Industrial and Commercial Bank of China, ING Bank, Mizuho Bank, Natixis Corporate & Investment Banking, Nippon Life Insurance, Societe Generale, Sumitomo Mitsui Trust Bank and UOB   #capellacapital #FinancialAdvisor

Capella is excited to see Construction of the Victorian Government’s massive redevelopment of Frankston Hospital reach structural completion. The Exemplar Health team and project partners have achieved this significant milestone, with over 2,750 workers completing more than 1 million hours of work on-site since ground broke on the project in June 2022.     The team will now turn their focus to the façade installation and internal fit-out ahead of the completion of main works in late 2025.

Capella Capital is thrilled to be involved in the New Melton Hospital Project and be part of this important new health infrastructure project for Melton and Victoria.

Congratulations to the Exemplar Health team, project partners and our client, Victorian Health Building Authority, on reaching the halfway point of the $1.1b Frankston Hospital Redevelopment. Approximately 450 workers are onsite daily with seven floors of the hospital main tower now constructed and the multi-deck carpark structurally complete. The team is on track to completing the main works in late 2025. #health #infrastructure #community

North East Link milestone as TBMs begin assembly In a huge milestone for the North East Link project, the first segments of the two tunnel boring machines have been lowered into place at the project’s Watsonia site. The first piece lowered was a segment of the shield, closely followed by one of the three huge gantry pieces.   Crews are now progressively lowering the rest of the pieces with tunnelling on track to start in the middle of the year. Once they are fully assembled, the two 90-metre long TBMs will begin their 6.5km journey towards Bulleen and the tunnelling crew will install tunnel walls made of nearly 43,000 individual concrete segments coming from Benalla. The tunnels package of Victoria’s largest road project will create more than 8,000 jobs with more than 3,500 workers across the five project locations already. https://lnkd.in/gPTJUPu6

  Capella Capital makes big inroads to renewables sector with NT RAAF Defence solar farm announcement.    Capella Capital was the bid leader and equity investor on behalf of Lendlease to Assure Energy, which entered into agreements with the Department of Defence in April 2019 to design, construct, operate and finance two solar farms at RAAF Darwin and Robertson Barracks in the Northern Territory.   The Assure Energy consortium was supported by Lendlease’s energy and technology team to provide an integrated EPC delivery solution across the microgrid, bringing together solar and battery technologies.   Assistant Minister for Defence, Matt Thistlethwaite, said it will save about $130,000 a year for the RAAF base in electricity costs. “It’s a 3.2-megawatt system, 9,000 solar panels, and that will provide about 40 per cent of the base’s energy needs.”   Managing Director of Capella Capital, Malcolm Macintyre said a project of this nature goes to the heart of what public and private sector collaboration can achieve in the renewables industry.    “We are incredibly proud to have achieved this important milestone working in partnership with Defence, Lendlease, industry partners and the whole supply chain – in particular those First Nations and Territory subcontractors.” https://lnkd.in/gzMzADwt

It’s been a big year for Spark on the North East Link, building Victoria’s longest road tunnels to fix the ‘missing link’ in Melbourne’s freeway network.   Works are continuing in Watsonia as we finish digging out the 40 metre launch box area for the tunnel boring machines (TBM), ahead of tunnelling starting next year. The TBM pieces have started arriving and are currently being assembled, including one of the biggest cutterheads in the southern hemisphere measuring 15.6 metres in diameter and weighing 14 tonnes. Nearly 8,000 concrete tunnel segments have been precast at a purpose-built facility in Benalla supporting local jobs in regional Victoria. Work is also progressing at the Lower Plenty interchange site as we build the large foundation walls that will form the new on and off ramps to the North East Link tunnels in Yallambie. In Manningham, we’ve completed demolition and earthworks and relocated underground services to prepare for the next stage of tunnelling works to construct the Manningham interchange ramps. Earlier this month we achieved a significant milestone diverting Bulleen Road so we can now start building the Yarra Link green bridge and tunnel entrance. A crew of more than 200 people worked during the 10-day closure, laying more than 8,000 tonnes of asphalt.  See the progress we’re making - https://lnkd.in/gAkDMb34

Capella Capital acting as the Financial Advisor to the ACEREZ consortium is excited to have helped the consortium achieve this significant milestone. We congratulate the ACEREZ Consortium and EnergyCo and we look forward to working with them in achieving the next milestones and helping progress NSW’s renewable energy targets. EnergyCo, ACCIONA, Cobra Energy, Endeavour Energy (NSW) #renewableenergy #rez #energytransition https://lnkd.in/gBCsq3-c

The Capella team had a fantastic time sharing knowledge and team building at our recent conference. It was wonderful to see everyone with a smile on their face and enjoying the beach team challenge…Survivor! A huge thank you to Michelle Rushton also for her incredible energy and facilitation, while sharing her expertise on Extraordinary Teams. A terrific time had by all. #teambuilding #capella https://lnkd.in/ePHDv5_z