Macquarie Asset Management, via its Macquarie European Infrastructure Fund, has acquired stakes in Birmingham and Bristol airports from the Ontario Teachers’ Pension Plan.
Macquarie has partnered with LGPS Central, which is investing on behalf of two of its partner funds — West Midlands Pension Fund and Cheshire Pension Fund — as co-investors into the portfolio of investments in Bristol, Birmingham, and London City Airports.
The partners have reached financial close on the acquisition of a 55 percent stake in Bristol Airport, the largest airport in southwest England, and a 26.5 percent stake in Birmingham Airport, the United Kingdom’s seventh-largest airport.
Bristol Airport historically has been one of the fastest growing regional airports in the United Kingdom. The airport serves more than 10 million passengers each year and operates routes to more than 115 destinations. Birmingham Airport handles approximately 14 million passengers each year and house
