London City Airport has been sold to a consortium led by three Canadian pension funds. The price was not disclosed, but it is believed to be around £2 billion.
The Consortium consists of international infrastructure investors, all with proven track records. It was led by investors from Ontario Teachers’ Pension Plan, Borealis, AIMCo and Wren House, an infrastructure investment vehicle owned by Kuwait, saw off stiff competition for the highly attractive infrastructure investment in the UK.
London City Airport, which is located in the Royal Docks, in the London Borough of Newham, is a highly attractive infrastructure investment in the UK. It is popular with bankers and business travellers because of its proximity and its The airport represents a unique opportunity to invest in an integral part of the London airport system and offers a service proposition based around location, convenience, speed and customer service.
The airport has successfully grown passenger numbers from 2 million in 2005 to a record 4.3 million in 2015, with an 18.3% increase in the last year alone.
(Culled from aerotime.aero)
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