The UK needs stability and a “clear plan” for new infrastructure projects if it wants to attract more foreign investment following this month’s political and economic turmoil, according to Australia’s IFM Investors.
IFM which manages A$199bn (US$128bn) in assets, is looking for fresh investment opportunities in Britain to help drive returns for millions of retirement savers.
The Melbourne-based group has been an investor in UK infrastructure for nearly two decades, owning or holding stakes in a host of British assets, including Manchester and Stansted airports and the M6 toll road.
“Just set out a pathway,” said Gregg McClymont, executive director of public affairs Europe at IFM. “Because there is no shortage of capital.”
