Swiss Life Asset Managers has invested in the construction of the new Terminal One development project at JFK International Airport.
Swiss Life Asset Managers acquired a minority interest in the project, joining JLC Infrastructure and the other consortium partners to fund the construction of a $9.5 billion, 2.4 million-square-foot, state-of-the art terminal.
JFK International Airport is one of the busiest airports in the United States. The airport is owned and operated by the Port Authority of New York and New Jersey.
This represents Swiss Life’s third investment in the aviation sector.
“We are pleased to have signed this significant investment on behalf of our funds,” said Sinisha Ponzio, head of value-add infrastructure at Swiss Life. “The soon to be world-class terminal in one of the leading U.S. airports represents an infrastructure asset with attractive long-term growth potential and fits very well into our fund’s investment strategy.”
