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This division of AENA has been reinvigorated since the AENA privatisation in 2015. According to ONS forecasts Hillingdon is currently amongst the ‘top ten’ fastest growing areas of the country in terms of population. AENA Internacional takes a far more proactive role. Select one of these topics to receive a free download with invaluable information and resources to amplify your property investments: With the latest announcement from the Government that the expansion of Heathrow Airport has clearance to taxi, if not necessarily take off, in this report we will look at both the current market around Heathrow and at its prospects for the future.BackgroundHeathrow Airport lays 15 miles west of central London. This short review looks at who those really big investors and operators are, as measured by the number of their foreign investments. A 2013 report commissioned by area Local Enterprise Partnerships said that the airport itself contributes £6.2bn to the UK economy. Overtaken by Dubai. A 2017 report from the Civil Aviation Authority said that the immediate population around Heathrow rose 21% between 1991 and 2011. Third month of record passenger numbers at Heathrow. Geographically, the spread is oriented very much in favour of Europe, which is represented in over half the table entries (Turkey being counted as Europe here), followed by North America (Bermuda, while it is a British Overseas Territory, is counted as North America). “We are concerned about the global impact of the Covid-19 virus and are closely monitoring its impact on our business and stakeholders,” read the statement. The Acquisition will, over time, be fully integrated with Rotala's existing business in the Heathrow area. For the purpose of this report the most prolific airport investors are judged by their propensity to invest in foreign airports – i.e. The airport itself is in the London borough of Hillingdon but businesses serving it, and the airport’s workforce, are drawn from a very wide area including, but not limited to, the London boroughs of Hounslow and Ealing, Slough in Berkshire and Spelthorne in Surrey. One of the few exceptions is Heathrow Airport Holdings, where China Investment Corporation, the country’s primary sovereign wealth fund, holds 10% of the equity. At the same time, Changi Airport Group is one organisation that has often threatened to become a very big player internationally without quite making it, and it currently has six invested airports. Heathrow growth driven by long-haul traffic and strengthening transfer performance. The investment manager Utilico has been involved in the airport sector for over a decade. Some are historical investors, traceable back to the explosion in airport privatisation from the late 1990s onwards. All rights reserved. According to the LEP report, key sectors in the area other than aviation include media, information and communication, healthcare, administration, professional, scientific and technical activities and retail. The sharp rise in 1H2017 reflects very strong traffic growth; the recent kink may be related to political uncertainty related to a forthcoming independence referendum. Heathrow Airport’s Terminal 5, which opened in March 2008, was one of Europe’s largest and most complex construction projects, with a total investment of 4.3 billion pounds. Adjusted EBITDA(1) for 2010 is forecast to be £946 million based on forecast passenger traffic for the year of 85.2 million. It entered the sector only in Feb-2015 as one of three cornerstone investors in AENA’s partial privatisation, acquiring interest in AENA’s domestic airports, as well as, indirectly, those invested in by the subsidiary AENA Internacional – 59 in total, and all but one of them not in the UK. The number of passengers travelling through Heathrow airport plunged 83% in December as the new strain of Covid-19 took its toll on air travel. CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. BAA (now Heathrow Airport Holdings), Manchester Airports Group, TBI (which became part of Spain’s Abertis), the bus and rail company National Express, and many others were heavily involved in the management of foreign airports in the late 1990s through to the mid-late 2000s, but one by one they have withdrawn until none remain. The Supreme Court has overturned a block on Heathrow Airport’s third runway imposed by the UK Court of Appeal. Steer Davies Gleave has prepared this material for Civil Aviation Authority. Group wide traffic up 4.4% to 9.9 million in June. It is still mainly active in Latin America, but also has a 51% share in the concession to operate London Luton Airport – one of the fastest growing in the UK. Heathrow Airport’s Terminal 5. Corporación América, Latin America’s largest participant in the sector, is still focused there but 10 of its 32 airports are located outside Argentina, in countries such as Peru, Italy and Armenia. Report and unaudited interim financial statements; Press release; Investor presentation Heathrow CEO, John Holland-Kaye, said: “Aviation is the lifeblood of the UK’s economy, critical for exports of goods and services and imports of vaccines, as well as inbound tourism, students and foreign direct investment. The best known and most proactive is Airports Worldwide, though even that organisation has only four invested airports in its portfolio outside the US and its Commonwealth. The majority of this website will not function as intended without JavaScript enabled. Deutsche Lufthansa is a minority investor, Corporación Financiera Alba (Grupo March), Citigroup (Citi Infrastructure Investors). It is estimated that 76,000 people are employed by the airport and companies operating there, while 38,000 more are directly reliant on it. For each set of quarterly results released since the third quarter results of 2008, the related press release, presentation and audiocast are available. Singapore’s GIC Special Investments is missing, for example, while Changi Airport Group, an operator/investor in the same country, does just scrape in. The criterion for an MGI is that it is an investor in a minimum of five airports, of which at least one is foreign (i.e. As reported, the Court of Appeal decision was based on Heathrow Airport’s alleged failure to take into account the Paris climate agreement in its expansion plans. Citicorp’s activities hinge on its joint investments in Vantage Group of Canada with Vancouver Airport Authority; Vantage is the actual operator of nine airports, eight of them foreign to Citicorp, while only four are to Vantage. Investor reports; Other accounts; Other business reports; Financial results 2008 - 2020. "We are delighted to expand upon our tremendous relationship with London Heathrow Airport," said Omni Serv Chairman Ernie Patterson . The business acquired has a long-established presence in and around Heathrow. A 2013 report commissioned by area Local Enterprise Partnerships said that the airport itself contributes £6.2bn to the UK economy. Heathrow Airport is the biggest driver in the local economy. Its investment amounted to only 6.5% of the total equity, although it bought more shares on the open market later. The publication of the half-yearly Investor Report [the dividend disclosure is on Slide 6] follows admissions by Heathrow’s CEO, John Holland-Kaye, that it could not commit to keeping passenger fees flat – at £22 they are already the highest in the world - and that to … UK. Heathrow continues to invest in its operations and the RAB increased 2.5% in the year. Ironically they are among the world's major airport operators. The Party Wall etc. The Investor Report includes an updated forecast for the 2010 financial performance of the BAA (SP) Limited group (which, following the sale of Gatwick airport, owns Heathrow and Stansted airports). That said, it went on to invest jointly in three other UK airports – Southampton, Glasgow and Aberdeen – with Macquarie, another MGI, but one that has somewhat shrunk in recent years, and doesn’t quite make the top 10 table now. The second is the US, and again it is investor/operators that are in short supply. Today, the UK’s airports are well invested into, from abroad, but there is no reciprocation. It defined the 800 individual profiles and allocated them into four categories: major global investor; active investor; potential investor and lapsed investor. Source: CAPA - Centre for Aviation and stock exchanges. By way of its core investor status with AENA (Spain), since the time of its partial privatisation. AENA considers international expansion as one of the priorities of the company. With 1,400 employees now servicing Heathrow's multiple terminals, Omni Serv has the opportunity to positively impact Heathrow's traveler experience at every touchpoint throughout the airport. An inspired investment? Citicorp has a history beyond this deal, having bid for airports as diverse geographically as London Stansted and Chicago O’Hare, and in the PPP procedure to build a new terminal at New York’s La Guardia airport. Groupe ADP has a cross-shareholding with the Royal Schiphol Group (which is also an MGI), and has recently increased its shareholding in TAV Airports (#7 =). The 10 most prolific airport investors, by the number of foreign airports where they are invested: An investor with a history of attachment to the airport sector, with 7.4% of its portfolio collectively invested in airports in Southeast Asia, China and Latin America. AENA’s financial performance since its float – it is currently capitalised at over EUR25 billion – labels this investment as an inspired one. 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