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Leeds Bradford acquired by AMP Capital


Australian investment fund AMP Capital is to acquire 100% of Leeds Bradford Airport (LBA) from its previous owners Bridgepoint Advisers.  The firm says the airport is a compelling investment due to its excellent location and strong growth prospects.  AMP Capital has extensive expertise and a track-record of investing in airports, and already owns a share in Newcastle Airport in the UK.

Leeds Bradford is an international airport serving the cities of Leeds, Bradford and the broader Yorkshire area, and has an annual throughput of around 4m ppa.  It is used by a mix of low-cost, charter and international carriers and has a catchment area of 5.3m people, 2.9m of whom live less than an hour from the airport. Leeds and Bradford are the third and seventh largest cities in the UK, respectively, and the Leeds City Region is home to the UK’s largest financial and business services centre outside London. The airport primarily offers international short-haul flights and a network of domestic destinations.

Simon Ellis, Head of Origination, Europe at AMP Capital, said: “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 businesses. In addition, the airport serves the Yorkshire and the Humber region, one of the fastest-growing regions in the UK with a population growth of 6 per cent since 2001 and there is also potential for further route development.
“AMP Capital’s heritage in transportation infrastructure investment and our experience of owning airports means we are well placed to develop the exciting opportunities presented by this investment.”

A detailed feature on Leeds Bradford Airport, including an interview with the Chief Executive Officer David Laws, is planned to be included in the January-February 2018 issue of Airports of the World, on sale on December 28.

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