A consortium consisting of KKR and the Skip Essential Infrastructure Fund, managed by Skip Capital, have plans to acquire a 74.25 percent stake in Queensland Airports from The Infrastructure Fund, managed by Macquarie Asset Management, State Super and Australian Retirement Trust. Financial terms were not disclosed.
Queensland Airports’ portfolio includes Gold Coast, Townsville, Longreach and Mount Isa airports, and collectively services travelers across its 39 domestic routes and six international routes, with nearly 66,700 annual aircraft movements.
KKR is making the investment through its Asia Pacific Infrastructure Investors II Fund, following the firm’s announcement in June about mobilizing infrastructure in the Indo-Pacific region. It also marks KKR’s latest infrastructure investment in the Australia and New Zealand region, following previous investments in Spark Infrastructure, which owns high-quality, regulated electricity networks across Australia, and Ri