AMP Capital buys stake in British Airport
AMP Capital has announced it has acquired 49 per cent of London Luton Airport from Ardian on behalf of investors in its Global Infrastructure Equity strategy.
London Luton, which served 15.8 million passengers in 2017, is also undergoing a transformational investment plan on track for completion this year, which would be aimed at increasing passenger capacity and enhancing the airport’s retail space, the firm said.
The airport is operated under a concession agreement with Luton Borough Council, with the remaining 51 per cent of the concession being owned by Spanish airports operator Aena SME, SA (Aena).
AMP Capital’s global head of infrastructure equity, Boe Pahari, said the UK airport sector looked highly attractive given the growing demand for travel and increased passenger numbers.
“As experienced owners of airports we believe we can work with Aena to further develop London Luton’s performance, through supporting investment in the infrastructure and identifying opportunities for route development, as well as improving the passenger experience and the retail offering,” he said.
In 2017 AMP Capital acquired 100 per cent of Leeds Bradford Airport and the firm is also a long-standing investor in other airports including Newcastle Airport in the UK and Melbourne Airport in Australia.
AUTHOR
Oksana Patron
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