AMP Capital buys Leeds Bradford airport
AMP Capital has acquired 100 per cent of Leeds Bradford Airport in the UK from Bridgepoint Advisers Limited, on behalf of investors in its global infrastructure equity platform.
The airport, which serves the broader Yorkshire area, is utilised by a mix of low-cost, charter and major international airlines and offers strong growth prospects, the company said.
AMP Capital’s head of origination, Europe, Simon Ellis, commented: “With its strong underlying fundamentals including freehold ownership with well-invested infrastructure, a diversified airline mix and its catchment area in an economic hub of the North of England, Leeds Bradford Airport is a highly attractive investment and a great fit for AMP Capital’s global infrastructure platform”.
“We believe there is a clear opportunity for performance enhancement through tailoring and improving the customer experience and working collaboratively with our key partners including airlines, government and local business.
“In addition, that airport serves the Yorkshire and the Humber region, one of the fastest-growing regions in the UK with a population growth of six per cent since 2001 and there is also potential for further route development.”
AUTHOR
Oksana Patron
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