Peel seeks investor for UK airports
01.05.09
Peel Holdings is seeking investors to take a stake in its airports arm. The company said the move followed ‘a number of approaches’ and would support its plans for further investment in the terminal at Liverpool Airport.
The proposed developments at Liverpool Airport will create about 1,500 sq m of additional retail space, several new shop units and a new passenger security search area, with new, latest generation passenger screening equipment. The loss making Peel Airports division also owns Doncaster Sheffield (Robin Hood) and Durham Tees Valley airports.
Neil Pakey, deputy chief executive of Peel Airports, said: ‘Liverpool is one of the UK’s major airports. Peel has grown the Airport from 0.7 million passengers to 5.4 million passengers in just over 10 years, it has been less affected by the current aviation slowdown than most other airports and is well positioned for continued development.’
He said the search for an investor was consistent with its ‘strategy of developing greenfield assets into attractive infrastructure investments’.
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