Heathrow Airport owner Ferrovial Aeropuertos recently announced the £1.5 billion sale of London Stansted airport to the Manchester Airports Group (MAG) and its partner IFM (Industry Funds Management).
Steer Davies Gleave provided commercial advisory support to Ferrovial through this transaction, developing independent projections across the range of areas covered by the Stansted Airport business plan. These comprised traffic forecasts, assessment of the prospects for economic regulation and aeronautical revenues, non-aeronautical revenues (from retail, car parking and property activities) and operating costs). The scope of our advice also included assessment of future capital investment requirements.
The sale price for Stansted exceeded previous market expectations.
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