Macquarie Asset Management (Macquarie), via Macquarie European Infrastructure Fund 7 on behalf of long-term institutional investors including pension funds and insurance companies, has agreed to acquire ownership stakes in Bristol, Birmingham and London City Airports.<\/p>\n
The acquisition from Ontario Teachers\u2019 Pension Plan will see Macquarie acquire a:<\/p>\n
Each of the three airports offer unique propositions and catchment areas which present significant growth opportunities for airlines and a wide range of business partners. Through its investment, Macquarie is committed to supporting the airports over the long term to expand their route networks, further enhance passenger experience, and work closely with management teams and stakeholders to implement the airports\u2019 sustainability strategies.<\/p>\n
Gordon Parsons, a Senior Managing Director at Macquarie Asset Management in EMEA, said:\u00a0<\/b>\u201cAs a leading investor in airports around the world, including the UK, we understand their importance to local communities and for economic growth. Collectively, Birmingham, Bristol and London City airports serve over 25 million passengers each year and are a valued home for leading regional and global airlines. Each\u00a0airport has a unique path for growth ahead, and we\u2019re supportive of the management teams\u2019 plans to deliver enhanced customer experiences and more routes to each of the communities they serve. We look forward to playing our part, as a long-term investor, to support all three airports on their development in the years to come.\u201d<\/p>\n
Macquarie has been a leading owner of, and investor in, airports for more than 20 years. Its investments have included hub airports across Australia, Belgium, Italy, Denmark, Ecuador, and Colombia. Last year, after a decade of ownership, Macquarie divested<\/a> from AGS Airports, the owner and operator of the primary airports serving Aberdeen, Glasgow and Southampton. During its ownership, Macquarie in partnership with Ferrovial invested \u00a3250 million to deliver vital improvements to the airports including a \u00a39 million investment to rejuvenate infrastructure at Glasgow Airport to accommodate all wide-body aircraft, and a \u00a317 million runway extension at Southampton Airport, which opened in 2024, allowing for the airport to be able to operate larger aircraft and diversify its airline base.<\/p>\n Macquarie Group has operated in the UK for more than 35 years. Today, Macquarie is one of the largest investors in the UK, having invested and arranged more than \u00a360 billion in UK infrastructure since 1999. In October, Macquarie announced<\/a> its intentions to invest a further \u00a320 billion in UK infrastructure.<\/p>\n