Infrastructure investment manager Ancala Partners LLP, has announced the acquisition of a 45% stake in Liverpool John Lennon Airport (LJLA) for an undisclosed sum.
Ancala purchased 35% of the airport from private real estate investment company, Peel Group, and 10% from Liverpool City Council (LCC), who retain 45% and 10% respectively.
“Transport infrastructure is a highly promising segment of the market, so we are delighted to be acquiring a stake on behalf of our investors in such a prestigious regional airport,” said Spence Clunie, Senior Partner, Ancala.
“We look forward to growing our partnership with the Peel Group, with whom we have a strong track record of creating value in infrastructure assets. Our aim is to work with Peel to make LJLA the first choice for passengers across the region, delivering new routes and services.”
In March 2018, LJLA announced its Strategic Vision to 2030, which included plans to serve more destinations and to increase passenger numbers to 8m a year. It included an expansion of the terminal building; additional car parking and passenger facilities, including hotels, retail, food and drink services.
“The successful track record we share with Ancala was a key factor in selecting them as our partner for LJLA,” said Steven Underwood, Chief Executive, The Peel Group.
“By building on the airport’s already exceptional operational standards and passenger experience, we aim to be best in class in all respects and to deliver increased value for all our stakeholders.”
Ancala and Peel Group announced in May 2017 the launch of a joint venture to establish Leep Utilities, an independent multi-utility operator.
Ancala acquired a 50% share in part of Peel’s existing utilities business, which owns and operates a range of private and regulated ‘last mile’ electricity, water and district heating utility assets.