Sojitz Corp. agreed to buy infrastructure developer Capella Capital Partnership and its investment platform from Lendlease Corp. for ¥47 billion ($470 million), expanding its presence in Australia’s public-private partnership market.
The Japanese trading house expects to complete the acquisition by June, subject to regulatory approvals. The deal marks Sojitz’s latest push into Australia’s infrastructure sector, following its investment in New Footscray Hospital and Edenvale Solar Park projects.
Capella manages more than 10 social infrastructure developments across Australia, including the Metro Tunnel Project featuring twin 9-kilometer rail tunnels in Melbourne and a 37-kilometer freeway known as North East Link. The Sydney-based firm has secured contracts worth ¥3.4 trillion since its establishment in 2009.
Australia’s infrastructure market has averaged about ¥1 trillion in new projects annually over the past decade. The country’s most populous state, New South Wales, is developing renewable energy zones with substantial investments in power transmission infrastructure.
Sojitz aims to leverage Capella’s expertise to expand into the Middle East, Central Asia, Europe, and the US markets. The company has been building its Australian presence, having acquired energy conservation firm Ellis Air in 2023.
