fcogafa From United Kingdom, joined May 2008, 945 posts, RR: 0 Posted (3 years 1 week 4 days 13 hours ago) and read 2767 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?
damian From United Kingdom, joined Apr 2005, 253 posts, RR: 0
Reply 1, posted (3 years 1 week 4 days 13 hours ago) and read 2650 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.
steve6666 From United Kingdom, joined Sep 2003, 449 posts, RR: 0
Reply 2, posted (3 years 1 week 4 days 7 hours ago) and read 2285 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