Australian investment house AMP Capital has agreed to acquire Leeds Bradford airport from Bridgepoint Advisers Limited.
AMP, which also owns Newcastle airport and has a stake in Melbourne airport, says it was eager to buy Leeds Bradford due to its “excellent location and strong growth prospects”. It claims the airport has a catchment area of 5.3 million people and points out that Leeds is home to the UK’s largest financial and business services centre outside London.
Lending proof of the airport’s growth, Bridgepoint partner Michael Davy said passenger numbers have increased by almost 40 per cent in the last five years to more than four million.
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.”
leedsbradfordairport.co.uk