IFM’s Takeover of Sydney Airport Shows Its Confidence in Airports as a Resilient Asset Class

Justin Lee

Singapore

May 31, 2023

1024px Sydney airport   International terminal

Based in Australia, IFM Investors is a private equity firm that invests in infrastructure, private equity, listed equities, and debt.

IFM invests in airports in Australia through the IFM Australian Infrastructure Fund. Its portfolio of Australian airports includes

Adelaide and Parafield Airports. Acquired in 2002, Adelaide Airport is operated under a 50-year lease from the Australian Federal Government from 1998, with an option to extend for a further 49-years. IFM currently owns 12.8% of the shareholdings of Adelaide Airport Limited, which also runs Parafield Airport.

Alice Springs, Darwin and Tennant Creek Airports. IFM holds 77.4% of the shareholdings of Airport Development Group, which operates the Northern Territory Airports of Alice Springs, Darwin and Tennant Creek.

Brisbane Airport Qantas domestic terminal 2022 04

© Wikimedia Commons

Brisbane Airport. Brisbane Airport is operated under a 50-year lease from the Australian Federal Government from 1997. IFM currently owns 20% of the shareholdings of Brisbane Airport Corporation.       

Launceston and Melbourne Airports. IFM holds 25.17% of the shareholdings of Australia Pacific Airports Corporation, which operates Launceston and Melbourne Airports under a 50-year long-term lease from the Federal Government from 1997, with an option to extend for a further 49 years.

Perth Airport. Perth Airport is operated by Perth Airport Development Group Pty Ltd under a 50-year lease from the Australian Federal Government from 1997, with an option to extend for a further 49 years. IFM holds 3.2% of the shareholding of Perth Airport Development Group Pty Ltd.

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator/investor profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator/investor profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.