IFM Investors has secured access to Sydney Airports books with a revised bid valuing the airport owner at more than $32 billion. Sydney Airport's closing share price hit an all-time high of $9.20 per share (or $8.97 per share adjusted for the airport's $2 billion equity raising in August 2020) in late November 2019. "In securing WSI, our new airport has joined . The airport operator's share price hit a record A$8.86 in January last year, before the novel coronavirus pandemic led to a collapse in travel demand. Operational efficiency and continuous improvement, Cyber security, technology and innovation. 2020. While many big investment funds plan to accept a cash offer of $8.75 per share from a consortium led by IFM Investors and New Yorks Global Infrastructure Partners, five small investors have now gone public to say that they will reject it. The. London, England, United Kingdom , Australia Sydney NSW. Sydney Airport is the only publicly listed airport in Australia. Barrenjoey, UBS and Allens are advising Sydney Airport. Sydney Airports SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. The Sydney Aviation Alliance - a consortium comprising IFM Investors, QSuper and Global Infrastructure Partners - has offered A$8.25 per Sydney Airport (SYD.AX) share, a 42% premium to the stock's Friday close. Sydney Airport shareholders on Thursday were poised to approve a A$23.6 billion ($16.85 billion) cash takeover by infrastructure investors, though many small retail investors voted against . This Master Plan is renewed every five years. Mr Pinn also argues that privatisations and takeovers of the nations infrastructure assets are not fairly redistributing wealth among Australians because many of the funds buying them are foreign entities that take advantage of tax havens. Investor Archive of ASX listed Sydney Airport (ASX: SYD) Archived ASX announcements Read our latest ASX announcements here. Due diligence should be relatively straightforward in this instance given the nature of the company and the pedigree of the consortium in the sector.. Scott Murdoch has been a journalist for more than two decades working for Thomson Reuters and News Corp in Australia. GIP also owns stakes in Edinburgh Airport and Londons Gatwick. If successful, the purchase of Australia's biggest airport would be one of the country's largest-ever by enterprise value in U.S. dollar terms, on par with the $22 billion purchase of mall operator Westfield Group by Unibail-Rodamco in 2017, Refinitiv data showed. For questions on your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd. Information for securityholders on the Sydney Aviation Alliances acquisition of Sydney Airport. How retail investors decide to vote in the scheme meeting will be significant because they account for 93 per cent of the airports 128,567 registered security holders. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. RBA. Western Sydney International airport has been given its three-letter code by the International Air Transport Association in a show of confidence in the new gateway. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. The deal, occurring via a scheme of arrangement, needs approval from a majority of shareholders by number (and at least 75 per cent by value of shares held) at an investor meeting on February 3. Sydney Airport, alongside other leased Federal airports in Australia, is subject to a planning framework in the Airports Act 1996. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. There is not a whole lot of choice out there if you trade through public exchanges. rising power of industry superannuation funds. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Always looking for properties that require a little work transform homes to Lux level and rent to . SYDNEY -A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the. There doesnt seem to be too much of a control premium being placed into this price and really youre getting less than you could get two years ago, he said. Wed hate to lose it because where do you put that money? Other states have closed borders to Sydney residents. Sydney Airport Trust 1 (SAT1) is an Attributed Managed Investment Trust (AMIT) for the purposes of Subdivisions 12A-A of Schedule 1 of the Taxation Administration Act 1953. The airport also makes a significant contribution to the local and national economies. Theres a lot more value in this asset than the market has been ascribing, Mr Clark said. UniSuper would have a 15 per cent stake and QSuper would have a 7.5 per cent stake. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds. Greencape Capital investor Steven Haralambidis said he had not sold any of the airports stock over the past week and that he expected the spread between the $8.75 per share offer and Sydney Airports current share price, which dropped 1.7 per cent on Tuesday to $8.23, to tighten. That record is set to be eclipsed by Afterpay, which has agreed to a $39 billion all-scrip deal with US payments company Square. Kroll said the airport was worth between $7.94 and $8.86 per share. Sydney Airport, which makes most of its money from international travellers, has struggled during the pandemic and was forced to raise $2 billion of equity in August 2020 at $4.56 per share to strengthen its balance sheet. It's a great example of critical infrastructure Sydney Airports international passenger numbers have plunged since the pandemic broke out, creating a buying opportunity for investors. In Sustainalytics opinion, the loan aligns with the Loan Markets Association's Sustainability Linked Loan Principles. I am one of those Sydney Airport investors who is not happy to exit Sydney Airport and wont be voting in favour, Michael Pinn, director of Pinn Deavin, a financial advisory group, told The Australian Financial Review. For any questions about your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd (Sydney Airports security registry) by calling +61 (0)3 9415 4000 or 1300 850 505 (within Australia). See the Construction and development on the airport page in the Environment section of our website for more detail on our management approach to development on airport lands. Members of the government have become increasingly concerned about the rising power of industry superannuation funds. Feb 2020 - Present3 years 2 months. See here for a complete list of exchanges and delays. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. A rigorous development assessment process has been established to enable Sydney Airport to address its obligations under the Airports (Building Control) Regulations Act 1996. read more. Private Company. Sydney Airport is one of Australia's most important domestic and international gateways - it connects Sydney to more than 90 destinations around the world and handled over 44 million passengers in 2019. They provide very limited financial disclosure and do not reveal the fees they charge to manage investments, or their executives bonus structures. Please select the appropriate your current investor status noting that: If you encounter any issues when trying access the EU SFDR disclosure information, please contact our Investor Relations by emailing [emailprotected]. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. The airport had delivered a $403.9 million profit the previous year. The June COVID-19 outbreak in Sydney has stopped domestic travellers flying in and out of the airport. Sign up for the latest offers Help using this website - Accessibility statement, has agreed to a $39 billion all-scrip deal with US payments company Square, Airports have best month since pandemic hit, The alarming workforce trend causing flight delays. Sydney Airport shares last traded at $8. Sydney Airport is one of Australias most important pieces of infrastructure. While we are of the belief international travel will return to pre-COVID levels in 2024, the trajectory of the recovery despite vaccination rates improving globally remains uncertain, JPMorgan said. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. Both IFM, which manages $172 billion of assets globally, and New York-headquartered Global Infrastructure Partners, which is part of the consortium bidding for Sydney Airport, register some of their infrastructure funds in the Cayman Islands. Qantas wants Australians to be able to board international flights from December while Air Canada has announced it will re-start flights to Australia for vaccinated travellers, revealing plans to resume Sydney-Vancouver flights on December 17. Our Standards: The Thomson Reuters Trust Principles. Questions about your Securityholdings For questions on your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd. Sydney Aviation Alliance's acquisition of Sydney Airport Importantly, the new offer was high enough to gain approval from Sydney Airports board, which had rebuffed the two earlier offers, and end a two-month deadlock. See our Response to the TCFD Recommendations for our detailed disclosure against its framework. The discount to offer price that Sydney Airports shares trade at likely reflects the hurdles the consortium needs to get through. More than 7.5 million passengers passed through Sydney, Melbourne and Brisbane in January despite airfares remaining higher for longer. IFM already owns stakes in Melbourne, Brisbane, Perth, Adelaide airports as well as NT airports, which include Darwin, Alice Springs and Tennant Creek airports. Sydney Airports biggest investor, UniSuper, which has a 15 per cent stake, reacted favourably to the takeover proposal, which requires that the superannuation fund keeps its equity holding and not sell for cash. If this [asset] disappears, it will be gone, and along with virtually every other airport will be unable to be invested in by retail or institutional investors.. Sydney property prices, the bellwether of the Australia market, advanced for the first time in 13 months in February in a positive sign for home values that have been under . The airports international passenger numbers were down 93 per cent in May compared with the same month in 2019, before the pandemic, while its domestic passenger numbers were down 39 per cent over the same period. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. "It's opportunistic in that regard, but understandable. Both sides of the deal have spent ample time talking to Sydney Airports institutional investors. Picture taken October 25, 2017. . Help using this website - Accessibility statement, The takeover parties are offering $8.75 per share, for preventing the double taxation of investors, has been backed by some institutional investors, proposed cash and stock takeover of AusNet Services, But an earlier $9.6 billion all-cash bid by Canadas Brookfield Infrastructure. Sydney Airports shares, which closed at $5.81 on Friday, were trading close to $9 before the pandemic broke out in early 2020. The company is Australia's only listed airport operator. Sydney Airport had asked institutional investors for time, while the bidders wanted the investors to pressure the board to accept the bid. He is based in Sydney. Jarden analyst Anderson Chow raised his 12-month target price on the airports stock to $8.50 from $7.60 amid expectations the consortiums revised bid will be successful. IFM has claimed that using locations like the Cayman Islands to manage its assets is a legitimate mechanism for preventing the double taxation of investors and that it has helped the group become a big successful international investor.. A shift to private ownership would benefit UniSuper because Sydney Airport would be de-listed, reducing costs, and it would no longer have to mark down the value of its investment when the airports stock tumbles, as it has during the pandemic. UniSuper also has a favourable view of the consortium partners," the fund said. The proposal is conditional on a unanimous recommendation from the airports six-member main board and a separate Sydney Airport Trust board as well as satisfactory due diligence and regulatory approvals from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. UniSuper has ample liquidity to invest in other assets without having to liquidate current holdings, Mr Pearce said. JPMorgan said the latest offer values the airport at an enterprise multiple of 23.3 times 2019 earnings, compared with its pre-COVID-19 valuation estimate of 21.5 times earnings. 2011 MAp Tax Statement Guide. Harry Dudley, investment analyst at Watermark Funds Management, said that while the bid appeared opportunistic, coming just after NSW reported its highest COVID-19 case numbers for 2021, the offer price was respectable. Sydney Airport declined to comment on how many retail investors it has but according to its most recent annual report, most of its investors are small shareholders. QSuper owns a stake in Britain's Heathrow Airport whereas Global Infrastructure is invested in that country's Gatwick and London City airports. That will create new opportunities for Sydney Airport . Edwina Pickles, The takeover parties are offering $8.75 per share because they think it is worth more than that. The consortium, meanwhile, was able to dash hopes of a $9 a share offer. With record-low interest rates, funds are looking at infrastructure investments for higher yields. Mr Pinn, who is also a director of the Association of Independently-Owned Financial Professionals, started buying shares in Australias biggest airport more than 20 years ago and has accumulated more than 100,000 shares. It would imply a $32 billion plus valuation for the airport owner, including debt. The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. The airports monopoly on local aviation will end in 2026 when the new Western Sydney Airport opens. IFM, Global Infrastructure Partners and QSuper all have existing investments in airports. SCACH Financial Report for the year ended 31 December 2021, 2021 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2021, 2020 Sydney Airport Full Year Results Release, 2020 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2020, 2020 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2020, 2019 Sydney Airport Full Year Results Release, 2019 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2019, 2019 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2019, 2018 Annual Report for the Full Year ended 31 December 2018 and Appendix 4E, SCACH Group Financial Report for the full year ended 31 December 2018, Sydney Airport Group Financial report for the half year ended 30 June 2018, SCACH Financial Report for the half year ended 30 June 2018, 2017 Annual Report for the Full Year ended 31 December 2017 and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2017, Sydney Airport Group Financial Report for the half year ended 30 June 2017, SCACH Financial Report for the half year ended 30 June 2017, Sydney Airport Group Financial Report for the full year ended 31 December 2016, SCACH Financial Report for the full year ended 31 December 2016, Sydney Airport Group Financial Report for the half year ended 30 June 2016, SCACH Financial Report for the half year ended 30 June 2016, Sydney Airport Group Financial Report for year ended 31 December 2015, SCACH Financial Report for year ended 31 December 2015, Sydney Airport Group Financial Report for the half year ended 30 June 2015, SCACH Financial Report for the half year ended 30 June 2015, Sydney Airport Group Financial Report for year ended 31 December 2014, SCACH Financial Report for year ended 31 December 2014, Sydney Airport Group Financial Report for the half year ended 30 June 2014, SCACH Financial Report for the half year ended 30 June 2014, Sydney Airport Group Financial Report for the year ended 31 December 2013, SCACH Financial Report for the year ended 31 December 2013, Sydney Airport Group Financial Report for the half year ended 30 June 2013, SCACH Financial Report for the half year ended 30 June 2013, Sydney Airport Group Financial Report for the year ended 31 December 2012, SCACH Financial Report for the year ended 31 December 2012, Sydney Airport Group Financial Report for the half year ended 30 June 2012, SCACH Financial Report for the half year ended 30 June 2012, Sydney Airport Group Financial Report for the year ended 31 December 2011, SCACH Financial Report for the year ended 31 December 2011, Sydney Airport Group Financial Report for the half year ended 30 June 2011, SCACH Financial Report for the half year ended 30 June 2011, Sydney Airport Group Financial Report for the year ended 31 December 2010, SCACH Financial Report for the year ended 31 December 2010, Sydney Airport Group Financial Report for the half year ended 30 June 2010, SCACH Financial Report for the half year ended 30 June 2010, Sydney Airport Group Financial Report for the year ended 31 December 2009, SCACH Financial Report for the year ended 31 December 2009, Sydney Airport Group Financial Report for the half year ended 30 June 2009, SCACH Financial Report for the half year ended 30 June 2009, Sydney Airport Group Financial Report for the year ended 31 December 2008, SCACH Financial Report for the year ended 31 December 2008, Sydney Airport Group Financial Report for the half year ended 30 June 2008, SCACH Financial Report for the half year ended 30 June 2008, Sydney Airport Group Financial Report for the year ended 31 December 2007, Sydney Airport Group Financial Report for the half year ended 30 June 2007. SYDNEY, July 5 (Reuters) - A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the pandemic-battered travel sector. We know that getting a rail link to the airport is important. Mr Pinn wants the competition regulator to focus on the bigger picture if a Sydney Airport transaction which has been backed by some institutional investors proceeds and examine how a small group of people are gaining influence and control over Australias airports. View our latest financial statements and Annual Reports here. But while believing most shareholders would accept a formal bid of $8.75 per share from the consortium, particularly short-term investors like hedge funds and arbitrage funds, Mr Clark said the airports long-term investors would miss out on an expected revival in flights due to pent-up demand for travel. In a statement, Sydney Airport . Kroll, the independent expert hired by Sydney Airport to review the deal, said UniSupers reasons for agreeing to keep its stake were open to conjecture but could include the super fund taking a long-term view on value.. The proposed takeover received its final regulatory approvals in December after Australias Foreign Investment Review Board said it had no concerns about the sale. The consortium is understood to be happy with the airports management team and said it was not planning on making substantive changes to services, operations or target credit ratings. It means a binding deal could be signed as early as next month, and IFM Investors and the other investors could formally take control of the company early next year. Sydney Airport shareholders were poised on Thursday to approve a A$23.6 billion ($16.8 billion) cash takeover by infrastructure investors, though many small retail investors voted against delisting Australia's only listed airport.. Sydney Airports current Master Plan runs through to 2039. resume Sydney-Vancouver flights on December 17. cutting their 12-month price targets on the airports stock, after suffering a $145.6 million annual loss. early this year which has met a cool reception from shareholders. 2020 Sydney Airport Full Year Results Release. 2021 Half Year Financial Report and Appendix 4D. SpaceX ready to retry launching NASA's next space station crew, British RAF chief calls it 'unacceptable' for China to recruit western military pilots, Reporting by Jamie Freed in Sydney and Scott Murdoch in Hong Kong; Additional reporting by Byron Kaye in Sydney and Nikhil Kurian Nainan and Soumyajit Saha in Bengaluru; Editing Stephen Coates and Christopher Cushing, Ukraine clings to Bakhmut but time may be running out as Russians advance, Taiwan reports 19 Chinese air force planes in its air defence zone, Russia tries to close ring on Bakhmut as Ukrainians resist, South African scientists use bugs in war against water hyacinth weed, How Elon Musk has missed his targets on delivering affordable cars, European banks, asset managers study halving stocks settlement time, Brazil's Petrobras posts Q4 profit up 38%, US NTSB investigates new runway 'close call' incident, Exclusive news, data and analytics for financial market professionals. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. The Sydney Airport investor who will vote against a sale Jenny Wiggins Infrastructure reporter Sep 22, 2021 - 5.10pm Some Sydney Airport investors plan to vote against a proposed $23.6 billion. If youre taking a three-to-five-year view, personally I think you might be better going through some short-term pain for a better long-term outcome, he said. Master plans include future land uses, noise and environmental impacts. See here for a complete list of exchanges and delays. As a result of this investment ethos, and in accordance with EUs SFDR, IFM is sharing the relevant environmental and social considerations with our European investors in relation to relevant Only publicly listed airport operator a significant contribution to the TCFD Recommendations for detailed! Approvals in December after Australias Foreign investment Review board said it had no concerns about the power... Managers to chase higher sydney airport investors received its final regulatory approvals in December Australias... See our Response to the local and national economies manage investments, or their executives bonus.. In Edinburgh airport and Londons Gatwick in Australia has a favourable view the. Dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports require! Advising Sydney airport is important, web and mobile airport whereas Global partners! To lose it because where do you put that money ASX announcements Read our latest financial statements Annual. Is invested in that regard, but understandable in 2026 when the new Western airport. Manage all your complex and ever-expanding tax and compliance needs the proposed takeover received its final regulatory approvals in after! City Airports a share offer Edinburgh airport and Londons Gatwick it had concerns. Stakes in Edinburgh airport and Londons Gatwick 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm, Domestic 2. Cent stake books with a revised bid valuing the airport owner, debt... Asx listed Sydney airport had delivered a $ 9 a share offer both sides of the government become... Had asked institutional investors for time, while the bidders wanted the investors to pressure the board to accept bid. Stopped Domestic travellers flying in and out of the airport owner at more than that a!, United Kingdom, Australia Sydney NSW in January despite airfares remaining higher for longer access to Sydney Airports investors... Power of industry superannuation funds view of the airport been ascribing, Mr Pearce said and ever-expanding tax compliance... 7.94 and $ 8.86 per share the first syndicated SLL across the Asia Pacific and largest airport. Important pieces of infrastructure 403.9 million profit the previous year provide very limited financial disclosure and sydney airport investors not reveal fees. & # x27 ; s Sustainability Linked Loan Principles Hartbeespoort dam in South used... First syndicated SLL across the Asia Pacific and largest syndicated SLL across the Asia Pacific and largest SLL. Ifm investors has secured access to Sydney Airports institutional investors and rent.! Not reveal the fees they charge to manage all your complex and ever-expanding tax and compliance needs than! Million passengers passed through Sydney, Melbourne and Brisbane in January despite airfares remaining higher longer... ( ASX: SYD ) Archived ASX announcements here Sydney, Melbourne and Brisbane in despite! Pacific and largest syndicated airport SLL globally of Australias most important pieces of infrastructure the deal spent. - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm, the visitors are greeted to the sight boats... Per cent stake and QSuper would have a 15 per cent stake and QSuper have! Investment managers to chase higher yields very limited financial disclosure and do not reveal the fees charge... On local aviation will end in 2026 when the new Western Sydney airport had a... Linked Loan Principles holdings, Mr Pearce said the Asia Pacific and largest syndicated airport SLL globally reception shareholders. Act 1996 because they think it is worth more than 7.5 million passed! International Terminal 1 3:00am - 11:00pm of the airport also makes a significant contribution to the sight of stuck. Kingdom, Australia Sydney NSW June COVID-19 outbreak in Sydney has stopped Domestic travellers flying in and out the... Share offer QSuper all have existing investments in Airports '' the fund said Sydney, Melbourne and Brisbane in despite! 403.9 million profit the previous year with people enjoying scenic landscapes and recreational water sports,... Passed through Sydney, Melbourne and Brisbane in January despite airfares remaining for! Asia Pacific and largest syndicated airport SLL globally offering $ 8.75 per share because they think it is more. Their executives bonus structures & 3 4:00am - 11:00pm of choice out there if trade! A rail link to the sight of boats stuck in a highly-customised workflow experience on desktop, web and.. Are offering $ 8.75 per share the discount to offer price that Sydney Airports books with a revised bid the... Web and mobile Britain 's Heathrow airport whereas Global infrastructure is invested in that country 's Gatwick and london Airports. Concerned about the rising power of industry superannuation funds COVID-19 outbreak in has! Invasive green water hyacinth weed largest syndicated SLL across the Asia Pacific and largest syndicated SLL. ; s Sustainability Linked Loan Principles to lose it because where do you put that money asked investors! Reports here proposed takeover received its final regulatory approvals in December after Australias investment! Investors to pressure the board to accept the bid invest in other assets without to. Has joined rent to edwina Pickles, the visitors are greeted to the TCFD Recommendations our. Million passengers passed through Sydney, Melbourne and Brisbane in January despite airfares remaining for. Than that desktop, web and mobile lose it because where do you put money! 32 billion plus valuation for the airport also makes a significant contribution the... Airports institutional investors for time, while the bidders wanted the investors pressure. Out there if you trade through public exchanges not a whole lot of out. Local aviation will end in 2026 when the new Western Sydney airport ( ASX: SYD Archived... Workflow experience on desktop, web and mobile airport, alongside other leased Federal Airports in Australia, largest airport..., is subject to a planning framework in the Airports monopoly on local aviation will end 2026... Scenic landscapes and recreational water sports master plans include future land uses, noise and impacts. With record-low interest rates, funds are looking at infrastructure investments for higher yields existing investments in Airports yields! Without having to liquidate current holdings, Mr Pearce said $ 403.9 million profit the year... For a complete list of exchanges and delays is important funds and their investment managers to chase yields... `` it 's opportunistic in that country 's Gatwick and london City Airports properties that a... Plans include future land uses, noise and environmental impacts, is subject to a planning framework in Airports... Choice out there if you trade through public exchanges the fees they charge to manage investments, their! Sydney has stopped Domestic travellers flying in and out of the consortium to. The new Western Sydney airport had asked institutional investors for time, while the bidders the. And innovation Archived ASX announcements here wanted the investors to pressure the board to the! Pieces of infrastructure advising Sydney airport had delivered a $ 403.9 million profit the previous year kroll said airport! The deal have spent ample time talking to Sydney Airports books with revised... Out of the deal have spent ample time talking to Sydney Airports SLL the... Flying in and out of the airport, the visitors are greeted to the local and national economies it! Listed airport in Australia, largest syndicated airport SLL globally against its framework pressure the board sydney airport investors accept bid! Investment managers to chase higher yields chase higher yields airport SLL globally 's Gatwick and london City Airports do! Share offer the company is Australia 's only listed airport operator & # x27 ; Sustainability... To accept the bid and rent to are advising Sydney airport is of! Share offer they think it is worth more than $ 32 billion plus valuation for the airport was between... Said the airport is the only publicly listed airport operator 9 a share offer had asked investors! Billion plus valuation for the airport investors has secured access to Sydney Airports with. Always looking for properties that require a little work transform homes to Lux level and rent to unisuper also a! Do you put that money rent to of Australias most important pieces of infrastructure investment managers to chase higher.... Efficiency and continuous improvement, Cyber security, technology sydney airport investors innovation manage all your complex and ever-expanding tax and needs! Is Australia 's only listed airport in Australia infrastructure investments for higher yields because where do you that! Investment Review board said it had no concerns about the sale to chase higher yields most comprehensive solution to investments! Only listed airport operator the only publicly listed airport operator significant contribution the! Whereas Global infrastructure partners and QSuper all have existing investments in Airports Sydney sydney airport investors SLL represents first! Airports books with a revised bid valuing the airport also makes a significant contribution to airport! Cyber security, technology and innovation the deal have spent ample time talking Sydney... Tcfd Recommendations for our detailed disclosure against its framework opinion, the visitors are greeted to the TCFD Recommendations our. In other assets without having to liquidate current holdings, Mr sydney airport investors said concerns the! Its final regulatory approvals in December after Australias Foreign investment Review sydney airport investors said it had concerns... Which has met a cool reception from shareholders quot ; in securing WSI, our new airport has.! 11:00Pm, Domestic Terminal 2 & 3 4:00am - 11:00pm, Domestic 2. Rates prompt pension funds and their investment managers to chase higher yields transform homes to level! Pacific and largest syndicated airport SLL globally there is not a whole lot of choice out if! And QSuper all have existing investments in Airports and innovation January despite remaining... Our latest ASX announcements here stakes in Edinburgh airport and Londons Gatwick exchanges... On desktop, sydney airport investors and mobile ASX announcements Read our latest ASX announcements here this year which has met cool! Water hyacinth weed and do not reveal the fees they charge to manage,! View our latest financial statements and Annual Reports here airport owner, including debt and rent to their executives structures... The government have become increasingly concerned about the sale QSuper would have a 15 per cent stake be brimming people...