Dutch airport operator expands Down Under
Already familiar with the Australian market through its participation in Brisbane airport, Royal Schiphol Group and the Australian institutional investment managers QIC have won the bid for a 70% stake in Hobart International Airport (HBA). Both consortium partners will acquire a 35% stake and act as independent shareholders after the deal. Tasplan, an Australian profit-for-members super fund, will stay shareholder for the remaining 30%.
Ross Israel, head of global infrastructure, QIC: "HBA is a high-quality, core infrastructure asset and one of Australia’s fastest-growing airports." The Tasmanian airport has also been gearing up to become a regional air cargo hub for local producers, allowing freight to be transported directly to export destinations, avoiding transfers through Melbourne or Sydney. (ah)