AMP Capital to acquire 49 per cent stake in Luton Airport
April 24, 2018

Global investment manager AMP Capital says it has agreed to acquire 49 per cent of London Luton Airport from Ardian on behalf of investors in its Global Infrastructure Equity strategy. 

It describes London Luton Airport (London Luton) as the UK's fifth-largest airport, serving 15.8 million passengers in 2017, and the fastest-growing airport in the high-demand London market.

The airport is operated under a concession agreement with Luton Borough Council. The remaining 51 per cent of the concession is owned by Spanish airports operator Aena SME, SA (Aena). 

The airport is undergoing a transformational investment plan, on track for completion this year. This will increase passenger capacity and enhance the airport's retail space, nearly doubling the footprint from 5,518 square metres to 10,905 square metres.

Boe Pahari, Global Head of Infrastructure Equity at AMP Capital, said: "London Luton Airport is a high-quality capital city airport with significant further growth potential, catering for the high-volume London market, which makes it a compelling investment opportunity for our investors.

"We consider the UK airport sector to be highly attractive as demand for travel and passenger numbers continue to grow. The location of London Luton Airport, 29 miles north of central London and easily accessible by road and rail, is particularly appealing given the appetite for travel to and from London, which is a global destination for business and leisure.

"As experienced owners of airports we believe we can work with Aena to further develop London Luton's performance, through supporting investment in the infrastructure and identifying opportunities for route development, as well as improving the passenger experience and the retail offering."

AMP Capital acquired 100 per cent of Leeds Bradford Airport in November 2017 and is a longstanding investor in other airports including Newcastle Airport in the UK and Melbourne Airport in Australia.

Pahari added: "AMP Capital is a leading global infrastructure manager with more than 25 years' experience. Our expertise in active asset management through our team of sector specialists has the potential to add significant value to our assets for the benefit of our investors, as well as fulfilling our duty to stakeholders through responsible ownership."





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Global investment manager AMP Capital says it has agreed to acquire 49 per cent of London Luton Airport from Ardian on behalf of investors in its Global Infrastructure Equity strategy. 

It describes London Luton Airport (London Luton) as the UK's fifth-largest airport, serving 15.8 million passengers in 2017, and the fastest-growing airport in the high-demand London market.

The airport is operated under a concession agreement with Luton Borough Council. The remaining 51 per cent of the concession is owned by Spanish airports operator Aena SME, SA (Aena). 

The airport is undergoing a transformational investment plan, on track for completion this year. This will increase passenger capacity and enhance the airport's retail space, nearly doubling the footprint from 5,518 square metres to 10,905 square metres.

Boe Pahari, Global Head of Infrastructure Equity at AMP Capital, said: "London Luton Airport is a high-quality capital city airport with significant further growth potential, catering for the high-volume London market, which makes it a compelling investment opportunity for our investors.

"We consider the UK airport sector to be highly attractive as demand for travel and passenger numbers continue to grow. The location of London Luton Airport, 29 miles north of central London and easily accessible by road and rail, is particularly appealing given the appetite for travel to and from London, which is a global destination for business and leisure.

"As experienced owners of airports we believe we can work with Aena to further develop London Luton's performance, through supporting investment in the infrastructure and identifying opportunities for route development, as well as improving the passenger experience and the retail offering."

AMP Capital acquired 100 per cent of Leeds Bradford Airport in November 2017 and is a longstanding investor in other airports including Newcastle Airport in the UK and Melbourne Airport in Australia.

Pahari added: "AMP Capital is a leading global infrastructure manager with more than 25 years' experience. Our expertise in active asset management through our team of sector specialists has the potential to add significant value to our assets for the benefit of our investors, as well as fulfilling our duty to stakeholders through responsible ownership."



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