{"id":198700,"date":"2025-06-20T02:23:28","date_gmt":"2025-06-20T02:23:28","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/198700\/"},"modified":"2025-06-20T02:23:28","modified_gmt":"2025-06-20T02:23:28","slug":"macquarie-buys-stakes-in-uk-airports-from-ontario-teachers-pension-plan","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/198700\/","title":{"rendered":"Macquarie buys stakes in UK airports from Ontario Teachers\u2019 Pension Plan"},"content":{"rendered":"

Unlock the Editor\u2019s Digest for free<\/p>\n

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/p>\n

Australia\u2019s largest infrastructure investor has bought stakes in three UK airports from Ontario Teachers\u2019 Pension Plan, marking the latest deal in the travel industry as investors capitalise on a post-pandemic rebound.<\/p>\n

Macquarie Asset Management<\/a> said on Wednesday it had acquired 25 per cent of London City airport, a 55 per cent share in Bristol airport, as well as a 26.5 per cent stake in Birmingham airport. It did not disclose the value of the stakes. <\/p>\n

The acquisitions come with Macquarie\u2019s ownership of infrastructure assets in the UK under scrutiny as a result of the crisis at Thames Water<\/a>, which amassed massive debts and regularly paid dividends during a decade-long ownership to 2017 by the Australian investor.<\/p>\n

Macquarie said the airports offered \u201cunique propositions and catchment areas which present significant growth opportunities\u201d and that it was committed to helping airlines expand their route networks. <\/p>\n

The sale of Ontario Teachers\u2019 stake in London City has completed, while the Birmingham and Bristol airport deals are subject to regulatory approval and are expected to complete by the end of this year.<\/p>\n

Ontario Teachers acquired its holdings in Birmingham and Bristol in 2007 and 2008, respectively, before adding its share of London City in 2016. <\/p>\n

The Macquarie deals follow a spate of transactions in the UK\u2019s airport sector. US private equity group Blackstone struck a \u00a3235mn deal with Canadian pension investor PSP in March for a 22 per cent stake in the owner of the Aberdeen, Glasgow and Southhampton airports. <\/p>\n

Private investors have also backed several other UK airports, including London\u2019s Heathrow and Gatwick. Spanish construction company Ferrovial agreed last year to sell the majority of its stake in Heathrow to private equity group Ardian and Saudi Arabia\u2019s sovereign wealth fund.<\/p>\n

The Labour government has made airport expansion one of its areas of focus, with four out of London\u2019s five major airports seeking to expand. London City airport received permission to expand its passenger numbers<\/a> by more than a third last August.<\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…\n","protected":false},"author":2,"featured_media":198701,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,2499,16,15],"class_list":{"0":"post-198700","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114713316809125831","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/198700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=198700"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/198700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/198701"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=198700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=198700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=198700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}