London City Airport for sale

Thu, 06 Aug 2015 | BUSINESS SALE

London City Airport is to be put up for sale by its US owners with the price rumoured to be around £2 billion.

US fund Global Infrastructure Partners (GIP) currently own the business, along with stakes in London Gatwick and Edinburgh airports but they have decided to sell City in a bid to capitalise on particularly high demand for air travel.

A sale of £2 billion would be a healthy profit for the fund, which bought the airport for £750 million in 2006.

Michael McGhee, director for transport at GIP, told the Financial Times that he believes the time is right for a sale: “The market demand for quality airports is very high.”

He did however insist that there are no plans in place within the group for the sale of its other holdings in Gatwick or Edinburgh.

London City Airport is located just seven miles from the capital's traditional business district and is even closer to Canary Wharf, making it a favoured airport for business travel. In fact two-thirds of the airport's passengers are business travellers.

It has seen passenger numbers double over the past decade from 2 million in 2005 to over 4 million this year.


View other businesses for sale here.


Share this article



Latest Businesses for Sale

Manufacturer of Railway Infrastructure Products
East Midlands, UK

Designs and manufactures high-performance rail electrical products and cable accessories. Caters to major rail, underground and tramway infrastructure projects throughout the UK, Ireland and Europe. Offers invited.

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD


Haulage, Courier & Warehousing Services
North West, UK

Provides pallet pre-loading, storage and haulage on a 24/6 basis, as well as an array of complementary warehousing services. Bountiful asset list which includes 20 company trucks. Offers invited.

Asking Price: Offers Invited
Turnover: £2,480,000

LEASEHOLD


Golf Course & Driving Range with Licensed Clubhouse
Cambridgeshire, East of England, UK

Fantastic opportunity to acquire extensive and well maintained estate held on long secure renewable lease. Offers invited.

Asking Price: £675,000
Turnover: £675,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jun
 

'All options' being explored for collapsed Welsh cheese maker | ADMINISTRATION

A cheese-making factory in Snowdonia has collapsed into admi...

 
25
 
Jun
 

Port Talbot construction business enters administration | ADMINISTRATION

A construction company based in Port Talbot has fallen into ...

 
24
 
Jun
 

Digital account provider snapped up by Morses Club | BUSINESS SALE

Sheffield-based U Holdings Limited, which trades under the n...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Mar
 

Waste specialist Biffa placed on the market | BUSINESS SALE

Waste management firm Biffa has been placed on the market by...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources