Edinburgh Airport is seeing regular passenger records broken (pic: Terry Murden)
Edinburgh airport is to be sold this year for as much as £2 billion, according to City sources, as its private equity owner seeks to capitalise on current high valuations for aviation infrastructure.
Global Infrastructure Partners (GIP), the New York-based investor and the airport’s biggest shareholder, has been expected to seek buyers for the Turnhouse base after selling its 50.01% stake in Gatwick at the end of last year.
Daily Business reported in December that GIP was looking at realising value in more of its assets. It put a sale of Edinburgh on hold in 2017 and the Sunday Telegraph reports that GIP is looking again at offloading the facility.
GIP, which acquired Gatwick in 2009, bought Edinburgh airport from BAA for £807m in 2012 and has seen its valuation rocket as investors seek out high-yielding assets. It sold London City Airport in 2016 to a consortium including Canada’s Borealis Infrastructure and Ontario Teachers’ Pension Plan for more than £2bn, having bought it for only £742 million in 2006.