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Dutch airport operator expands Down Under
Photo: Hobart airport
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)