Macquarie Asset Management has agreed to acquire ownership stakes in three European airports from the Ontario Teachers’ Pension Plan. Financial terms were not disclosed.
Macquarie, which has been a successful owner of and investor in airports for more than 20 years, is acquiring a 55 percent stake in Bristol Airport, Birmingham Airport and London City Airport. The acquisitions will be made through the Macquarie European Infrastructure Fund 7, the industry’s largest-ever fund focused on European infrastructure.
Each of the three airports offers unique propositions and catchment areas that present significant growth opportunities for airlines and a wide range of business partners. Bristol Airport, the largest airport in the Southwest of England, has historically been one of the fastest-growing regional airports in the United Kingdom. The airport serves around 10 million passengers each year and operates routes to 115 destinations. Birmingham Airport is the United Kin
