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EDI Airport Sold To GIP  
User currently offlinefcogafa From United Kingdom, joined May 2008, 781 posts, RR: 0
Posted (2 years 3 months 4 weeks 1 day 1 hour ago) and read 2438 times:

BBC are reporting that Turnhouse hase been sold to the owners of LGW, GIP for 800m pounds. Interestingly, it says that the GIP method is to resell their purchases after about 7 years. I wonder if that goes for Gatwick too?

http://www.bbc.co.uk/news/uk-scotland-scotland-business-17814024

[Edited 2012-04-23 04:43:22]

5 replies: All unread, jump to last
 
User currently offlinedamian From United Kingdom, joined Apr 2005, 245 posts, RR: 0
Reply 1, posted (2 years 3 months 4 weeks 1 day ago) and read 2321 times:

Fantastic news for EDI.

If they can address some of the operational constraints of the airport, such as the ridiculous arrivals corridor set-up on the international pier, plus expand the check-in space and build up the south east pier into something much better, then it'll all be worth it. Expansion of routes will also add value, especially if they can secure that Middle East hub flight that has so far eluded EDI.

GIP may only aim to be there for seven years, but it'll be a good seven years if they can turn the airport round and take its value over the £1bn mark.


User currently offlinesteve6666 From United Kingdom, joined Sep 2003, 401 posts, RR: 0
Reply 2, posted (2 years 3 months 4 weeks 19 hours ago) and read 1956 times:

Quoting fcogafa (Thread starter):
Interestingly, it says that the GIP method is to resell their purchases after about 7 years. I wonder if that goes for Gatwick too?

They are basically private equity investors so seven years for an infrastructure asset is entirely reasonable. They aren't going to sit on it paying a dividend to public investors indefinitely is effectively what this is saying.



eu nasci ha dez mil anos atras, e nao tem nada nesse mundo que eu nao saiba demais
User currently onlinebennett123 From United Kingdom, joined Aug 2004, 7525 posts, RR: 3
Reply 3, posted (2 years 3 months 4 weeks 16 hours ago) and read 1741 times:

Given that they own LGW, LCY and now EDI, it does seem that HMG regard a single operator operating multiple airports as less of an issue than formerly.

What about STN?.


User currently offlineLH121GLA From Germany, joined May 2004, 455 posts, RR: 1
Reply 4, posted (2 years 3 months 4 weeks 16 hours ago) and read 1683 times:

Quoting bennett123 (Reply 3):
Given that they own LGW, LCY and now EDI, it does seem that HMG regard a single operator operating multiple airports as less of an issue than formerly.

I think the issue with BAA was the proximity of airports that they owned - not the number of airports.


User currently onlinebennett123 From United Kingdom, joined Aug 2004, 7525 posts, RR: 3
Reply 5, posted (2 years 3 months 4 weeks 15 hours ago) and read 1631 times:

If GIP get STN as well, then it the same issues would arise.

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