Reflecting a recovering but unsettled global economy, last year’s ‘buying game’ can be best described as a mixed bag, characterised by both unbridled optimism and skittishness.
For, although the upward trend on multiples continued for select assets, the industry showed an uncharacteristic cautiousness in certain emerging and stagnant markets.
With an ever-increasing number of active and operating concessions, the volume of transactions in the secondary market has been picking up pace as initial investors look to cash-out and redeploy their capital into new projects.
This story was originally published on Airport World. Click to view the entire article.