Macquarie Asset Management has finalized the purchase of significant stakes in two major UK airports. Through its Macquarie European Infrastructure Fund 7, acting on behalf of institutional investors such as pension funds and insurance companies, Macquarie has acquired a 55 percent share in Bristol Airport and a 26.5 percent share in Birmingham Airport. The transaction also includes co-investment from LGPS Central Limited, which is investing on behalf of West Midlands Pension Fund and Cheshire Pension Fund.
This move follows an earlier announcement in June that Macquarie would buy stakes in Bristol, Birmingham, and London City Airports from Ontario Teachers’ Pension Plan. In October, Macquarie also increased its ownership of London City Airport to 75 percent after acquiring an additional 50 percent stake from Alberta Investment Management Corporation and OMERS.
Bristol Airport serves over 10 million passengers annually and offers flights to more than 115 destinations. It contributes about £2 billion each year to the economies of South-West England and South Wales.
Birmingham Airport is the seventh largest airport in the UK, with approximately 14 million passengers each year and supporting around 30,900 regional jobs. Its central location makes it accessible to more than half of England and Wales' population within a two-hour journey by rail or road. The airport hosts about 35 carriers serving around 140 direct international routes across 41 countries.
Macquarie Group has operated in the UK for over three decades and has invested or arranged more than £60 billion for UK infrastructure since 1999. In October 2024, Macquarie announced plans to invest an additional £20 billion into UK infrastructure projects.
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