Our Sustainability Policy sets out our commitment to sustainability and our latest Sustainability Report provides a window into our strategic objectives, initiatives and performance for the year. Sydney Airport declined to comment on how many retail investors it has but according to its most recent annual report, most of its investors are small shareholders. This is perhaps where a bid offers investors with some valuation uncertainty.. JPMorgan said the latest offer values the airport at an enterprise multiple of 23.3 times 2019 earnings, compared with its pre-COVID-19 valuation estimate of 21.5 times earnings. Sydney Airport, one of the few remaining airports still listed on a stock exchange anywhere in the world, has been snared by the global M & A boom after a group of big investors pounced on . SCACH Financial Report for the half year ended 30 June 2021. He has specialised in financial journalism for most of his career and covers equity and debt capital markets across Asia and Australian M&A. With record-low interest rates, funds are looking at infrastructure investments for higher yields. early this year which has met a cool reception from shareholders. UniSuper said it saw merit in the airport being converted from a publicly listed company to an unlisted company and that it had a favourable view of the consortium partners. Both IFM, which manages $172 billion of assets globally, and New York-headquartered Global Infrastructure Partners, which is part of the consortium bidding for Sydney Airport, register some of their infrastructure funds in the Cayman Islands. The Sydney Airport investor who will vote against a sale Jenny Wiggins Infrastructure reporter Sep 22, 2021 - 5.10pm Some Sydney Airport investors plan to vote against a proposed $23.6 billion. read more. It has been frustrated with the sporadic state border closures across Australia in 2020 and 2021, because they have disrupted domestic aviation and made it difficult for people to plan holidays. IFM Investors has secured access to Sydney Airports books with a revised bid valuing the airport owner at more than $32 billion. Typically issued within 12 . Some Sydney Airport investors plan to vote against a proposed $23.6 billion takeover if it goes ahead, arguing that mega funds like IFM Investors are forcing smaller shareholders out of good Australian companies. The indicative proposal has been made during a global pandemic which has deeply affected the aviation industry and the Sydney Airport security price, the airport said. The board is assessing whether the proposal for a scheme of arrangement reflects the airports underlying value given the length of its concession it lasts until 2097 and the expected short-term impact of the pandemic. A successful deal would bring its ownership in line with the country's other major airports which are owned by consortia of infrastructure investors, primarily pension funds. Greencape Capital investor Steven Haralambidis said he had not sold any of the airports stock over the past week and that he expected the spread between the $8.75 per share offer and Sydney Airports current share price, which dropped 1.7 per cent on Tuesday to $8.23, to tighten. View our latest financial statements and Annual Reports here. Edwina Pickles, The takeover parties are offering $8.75 per share because they think it is worth more than that. 2007 MAp Tax Statement Guide. GIP also owns stakes in Edinburgh Airport and Londons Gatwick. 2020 Sydney Airport Full Year Results Release. Most airports are already owned by infrastructure and investment funds. James Brickwood. Trading volumes of Sydney Airports shares have soared as some investors sell the companys stock and take profits rather than wait for a formal $23.6 billion takeover bid to land. We know that getting a rail link to the airport is important. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Analysts have been cutting their 12-month price targets on the airports stock after the federal government signalled national borders were unlikely to open until mid-2022. UniSuper has ample liquidity to invest in other assets without having to liquidate current holdings, Mr Pearce said. Australia's mandatory retirement savings system, known as superannuation, has assets of A$3.1 trillion, according to the Association of Superannuation Funds of Australia. As a result of this investment ethos, and in accordance with EUs SFDR, IFM is sharing the relevant environmental and social considerations with our European investors in relation to relevant Follow the topics, people and companies that matter to you. Kroll said the airport was worth between $7.94 and $8.86 per share. A $23.6 billion cash takeover offer is appealing to Sydney Airport investors who are uncertain about how fast domestic and international flights will resume. 2020. How retail investors decide to vote in the scheme meeting will be significant because they account for 93 per cent of the airports 128,567 registered security holders. Both sides of the deal have spent ample time talking to Sydney Airports institutional investors. It is an essential piece of the transportation network connecting Sydney to over 100 regional, national and international destinations. Trading volumes in the stock, which typically average around 7 million shares, also trebled, hitting their highest levels since the airport was first approached by the IFM consortium in early July. SYDNEY, Aug 16 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD.AX) on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying. SYDNEY (Reuters) - A group of infrastructure investors has proposed a A$22.26 billion ($16.7 billion) buyout of Sydney Airport Holdings Pty Ltd, the operator of Australia's biggest. Shareholders in Sydney Airport have voted in favour of a takeover bid led by IFM Investors and Global Infrastructure Partners that will see the business delist from the Australian Securities Exchange in a deal worth A$23.6 billion ($16.7 billion; 14.6 billion). In the end, Sydney Airport did well to get two increases out of the Sydney Aviation Alliance, at a time when there has been no competing offer. If acquired by the consortium, Sydney Airports ownership would be dominated by IFM, which will hold the asset in both its Australian and global funds, and GIP. Kroll, the independent expert hired by Sydney Airport to review the deal, said UniSupers reasons for agreeing to keep its stake were open to conjecture but could include the super fund taking a long-term view on value.. There is no long-term windfall in this offer for the current shareholders.. Most of Australias airports were privatised in the late 1990s, and Sydney Airport was sold in mid-2002 to Macquarie Airports, which listed the company on the Australian Securities Exchange the same year. The $8.25 per share unsolicited cash offer, made on Friday evening by a consortium of investors that own stakes in other airports IFM Investors, Queensland superannuation fund QSuper and US-based Global Infrastructure Partners (GIP) comes as record low interest rates fuel sales of assets such as Telstras mobile tower network and Sydney toll road WestConnex. In Sustainalytics opinion, the loan aligns with the Loan Markets Associations Sustainability Linked Loan Principles. Questions about your Securityholdings For questions on your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd. Sydney Aviation Alliance's acquisition of Sydney Airport Sydney Airport shares last traded at $8. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. The consortium, named the Sydney Aviation Alliance, is understood to have a positive view on the eventual return of global air travel as vaccines are distributed, as well as Australias future economic and population growth and the need for people to fly around the country. Under this planning framework, airports prepare a Master Plan incorporating an Airport Environment Strategy (AES) which sets a 20-year strategic vision for the airport site. There doesnt seem to be too much of a control premium being placed into this price and really youre getting less than you could get two years ago, he said. The discount to offer price that Sydney Airports shares trade at likely reflects the hurdles the consortium needs to get through. in-scope products. There is not a whole lot of choice out there if you trade through public exchanges. We are absolutely disgusted by the boards narrow view of a monopoly (if not oligopoly) business and their absolute failure to consider the long-term position, Mr Robilliard said. See here for a complete list of exchanges and delays. In a statement, Sydney Airport . The Sydney Airport board recommended shareholders vote to accept the offer. Sydney Airports innovative Sustainability Linked Loan (SLL) determines if the companys bank debt facility margins will decrease or increase depending on our sustainability performance over time. Sydney Airports biggest investor, UniSuper, which has a 15 per cent stake, reacted favourably to the takeover proposal, which requires that the superannuation fund keeps its equity holding and not sell for cash. The deal, occurring via a scheme of arrangement, needs approval from a majority of shareholders by number (and at least 75 per cent by value of shares held) at an investor meeting on February 3. James Brickwood. The proposal is conditional on a unanimous recommendation from the airports six-member main board and a separate Sydney Airport Trust board as well as satisfactory due diligence and regulatory approvals from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. cutting their 12-month price targets on the airports stock, after suffering a $145.6 million annual loss. Sydney Airport did not pay a final dividend for 2020 after suffering a $145.6 million annual loss and is not planning to pay an interim dividend. UniSuper also has a favourable view of the consortium partners," the fund said. If successful, the purchase of Australia's biggest airport would be one of the country's largest-ever by enterprise value in U.S. dollar terms, on par with the $22 billion purchase of mall operator Westfield Group by Unibail-Rodamco in 2017, Refinitiv data showed. The June COVID-19 outbreak in Sydney has stopped domestic travellers flying in and out of the airport. It would also rank as the eighth-biggest deal globally this year and the second-largest airport purchase, behind the $30.2 billion buyout of Britain's Heathrow Airport in 2006. Sydney Airports board led by new chairman David Gonski, who replaced Trevor Gerber at the companys annual general meeting in May is still considering the takeover offer and has told shareholders to take no action. Our sustainability strategy responds to a changing world, and to the challenges and opportunities that shape business in Australia and globally. IFM, QSuper, Global Infrastructure Partners behind offer, Cash offer at 42% premium to last closing price on Friday, Offer contingent on UniSuper reinvesting 15% equity stake. See here for a complete list of exchanges and delays. After adjusting the financials to reflect normal operating conditions, we estimate the bid to be at a 15 per cent premium to Sydney Airports pre-pandemic EV/EBITDA [enterprise value/earnings before interest, tax, depreciation and amortisation] multiple, Mr Dudley said. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds. Help using this website - Accessibility statement, raised their indicative takeover offer to $8.75 per share, Qantas wants Australians to be able to board international flights. We also make a significant contribution to our local and national economies, generating $38 billion in economic activity a year. Our ambition is to be an industry leader in sustainability. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. IFM, run by chief executive David Neal and owned by 26 Australian industry superannuation funds, has been on the hunt for deals and launched an $8 billion bid for a 23 per cent stake in Spanish gas and electricity group Naturgy Energy early this year which has met a cool reception from shareholders. Sydney Airports shares jumped almost 5 per cent on Monday, hitting their highest levels since the outbreak of the pandemic, after a consortium led by IFM Investors raised their indicative takeover offer to $8.75 per share and gained access to the companys financial books to do due diligence. of the communities in which they live. Ben Clark, TMS Capital portfolio manager. The Australian Competition and Consumer Commission will take about three months to review the transaction while the Foreign Investment Review Board will take at least a month, with options to extend its review by up to six months. IFM Investors has secured access to Sydney Airport's books with a revised bid valuing the airport owner at more than $32 billion. Sydney Airports shares, which closed at $5.81 on Friday, were trading close to $9 before the pandemic broke out in early 2020. It's a great example of critical infrastructure It used a discounted cash flow model based on information provided by the airport to calculate its valuation but said there were uncertainties in its underlying assumptions, including the timing of the aviation recovery, the outcome of negotiations with airlines on aeronautical charges in 2022 and 2023, and the airports ability to cut costs. Our financial results include half year (or interim) and full year results announcements and presentations including Sydney Airport's . The revised offer comes after a two-month tussle between the consortium and Sydney Airport. an indicative offer priced at $8.25 per share. Sydney Airports SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. To read about our performance in this area see our Sustainability Report. Sydney Airports current Master Plan runs through to 2039. More than 7.5 million passengers passed through Sydney, Melbourne and Brisbane in January despite airfares remaining higher for longer. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. While 362 investors hold more than 100,000 shares each, accounting for about 80 per cent of the companys shares outstanding, there are more than 150,000 investors holding much smaller parcels of stock. Please select the appropriate your current investor status noting that: If you encounter any issues when trying access the EU SFDR disclosure information, please contact our Investor Relations by emailing [emailprotected]. That record is set to be eclipsed by Afterpay, which has agreed to a $39 billion all-scrip deal with US payments company Square. 2012 Sydney Airport Tax Statement Guide. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The requirements within these guidelines are informed by Sydney Airports sustainability policy, strategy and commitments and the master planning process. In Sustainalytics opinion, the loan aligns with the Loan Markets Association's Sustainability Linked Loan Principles. They also support the delivery of Sydney Airports strategy, which is underpinned by an aligned culture focused on sustainability. The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. Qantas wants Australians to be able to board international flights from December while Air Canada has announced it will re-start flights to Australia for vaccinated travellers, revealing plans to resume Sydney-Vancouver flights on December 17. Now, the visitors are greeted to the sight of boats stuck in a sea of invasive green water hyacinth weed. Any takeover is always based on the self-interest of the takeover group, and if they think theres an upside to justify their actions, then we hold the same view, and wish to benefit from our foresight in being shareholders, and not see that benefit passed off to a bunch of opportunists striking at a time of some corporate distress, Mr Robilliard wrote in the letter seen by the Financial Review. See our Response to the TCFD Recommendations for our detailed disclosure against its framework. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. Scott Murdoch has been a journalist for more than two decades working for Thomson Reuters and News Corp in Australia. Help using this website - Accessibility statement, The takeover parties are offering $8.75 per share, for preventing the double taxation of investors, has been backed by some institutional investors, proposed cash and stock takeover of AusNet Services, But an earlier $9.6 billion all-cash bid by Canadas Brookfield Infrastructure. Due diligence should be relatively straightforward in this instance given the nature of the company and the pedigree of the consortium in the sector.. Planned improvements to the ground transport network to accommodate increased passenger, visitor, staff and freight traffic requirements to 2039 are also included. The United Nations Sustainable Development Goals (SDGs) seek to address the most significant challenges our world is facing today. The strategy forms an integral part of our broader business strategy and supports the delivery of our purpose: to make Sydney proud every day. ", Australia's international borders are widely expected to remain closed until at least the end of the year due partly to a slower vaccination programme than in most developed countries. 2006 MAp Tax Statement Guide. Some investors have questioned why they should sell their shares when the airports biggest investor, UniSuper, will keep its 15.01 per cent equity stake. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. The new bid is understood to value Sydney Airport at about $8.75 a share, which is significantly higher than its initial offer at $8.25 and its first revised bid of $8.45. Sydney Airport acknowledges the Traditional Custodians of the lands, waterways and skyways where we work and in which we live. 2014 Sydney Airport Tax Statement Guide. The biggest deal belongs to Westfield Corporation, which was acquired in a cash and scrip deal in 2018. The latest price offered by the consortium was pretty attractive over a one- to three-year horizon given uncertainty about when state and national border restrictions would ease and how fast air travel would rebound after the COVID-19 pandemic, Mr Clark said. The airport has long held a monopoly on traffic to and from Australia's most populous city, but that is due to end in 2026 with the opening of Western Sydney Airport. International passengers are the most important source of Sydney Airports income. See an overview of Sydney Airport including performance highlights. Feb 2020 - Present3 years 2 months. IFM holds stakes in major airports in Melbourne, Brisbane, Perth and Adelaide. IFM already owns stakes in Melbourne, Brisbane, Perth, Adelaide airports as well as NT airports, which include Darwin, Alice Springs and Tennant Creek airports. Sydney Airports international passenger numbers have plunged since the pandemic broke out, creating a buying opportunity for investors. Sydney Airport is the only publicly listed airport in Australia. That will create new opportunities for Sydney Airport . [1/2]Passengers walk with their luggage towards departure gates at Sydney International Airport in Australia, October 25, 2017. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. For any questions about your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd (Sydney Airports security registry) by calling +61 (0)3 9415 4000 or 1300 850 505 (within Australia). 2021 half year. It means a binding deal could be signed as early as next month, and IFM Investors and the other investors could formally take control of the company early next year. We're co-investors in that. We recognise that the world around us is rapidly evolving. UniSuper chief investment officer John Pearce said the superannuation fund was always looking to buy and hold quality assets at a reasonable price.. It has not made a final decision. Members of the government have become increasingly concerned about the rising power of industry superannuation funds. Evolution in our business context is taking many forms whether it be advancements in the aviation sector, technological disruption, climate change, changing consumption trends and passenger travel patterns, global health crises, changing employee preferences or community expectations. But an earlier $9.6 billion all-cash bid by Canadas Brookfield Infrastructure, which also uses tax havens like Bermuda and the Cayman Islands, would require shareholders to sell out. 2013 Sydney Airport Tax Statement Guide. International travellers are far more lucrative than domestic travellers for the airport because the fees charged on international passengers are much higher, and they spend more money at airport shops. See Section 7.1 of Master Plan 2039 for more information. Sydney Airport, which makes most of its money from international travellers, has struggled during the pandemic and was forced to raise $2 billion of equity in August 2020 at $4.56 per share to strengthen its balance sheet. The Sydney Aviation Alliance - a consortium comprising IFM Investors, QSuper and Global Infrastructure Partners - has offered A$8.25 per Sydney Airport (SYD.AX) share, a 42% premium to the stock's Friday close. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. But . SYDNEY, July 5 (Reuters) - A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings. If a proposed development has the potential to impact the environment, an environmental assessment must be undertaken. If this [asset] disappears, it will be gone, and along with virtually every other airport will be unable to be invested in by retail or institutional investors.. He is based in Sydney. All quotes delayed a minimum of 15 minutes. If youre taking a three-to-five-year view, personally I think you might be better going through some short-term pain for a better long-term outcome, he said. Small investors in Sydney Airport say health screening will become a normal part of international travel, and more planning around those processes is needed. The bank has raised its price target on the stock to $8.75 per share from $8.45 per share. It is understood IFM Investors, represented by chairman Greg Combet and on behalf of the Sydney Aviation Alliance syndicate, presented Sydney Airport chairman David Gonski with the revised bid over the weekend. IFM, Global Infrastructure Partners and QSuper all have existing investments in airports. See the Construction and development on the airport page in the Environment section of our website for more detail on our management approach to development on airport lands. Sydney Airport Holdings said on Monday it has agreed to accept a A$23.6 billion ($17.5 billion) takeover bid from an infrastructure investor group in one of Australia's biggest buyouts. https://www.sydneyairport.com.au/ The Omicron variant of COVID-19 has disrupted the aviation industrys recovery, with Virgin Australia suspending flights because of staff being ill with the virus or isolating. Other investors said they would be disappointed to see Sydney Airport fall into private hands. in investment decisions on sustainability factors. The gap between the airports current share price and the consortiums offer reflects potential risks to a deal completing, including securing regulatory approvals. Sydney property prices, the bellwether of the Australia market, advanced for the first time in 13 months in February in a positive sign for home values that have been under . We have mapped the SDG framework against our sustainability strategy to show how we are contributing to the achievement of the SDGs. Read more about the transaction here. We think that it would be hard for an alternate bidder to come forward given the parties involved here are the key players of Australian infrastructure and foreign ownership is limited to 49 per cent.. Other states have closed borders to Sydney residents. Family Property investors we do Rent to Rent /Sublet and we are Landlords of properties in Luxury areas in UK and Overseas. This Master Plan is renewed every five years. UniSuper, which also holds stakes in Adelaide and Brisbane airports, said it was not a consortium partner nor privy to any details outside information disclosed publicly. A shift to private ownership would benefit UniSuper because Sydney Airport would be de-listed, reducing costs, and it would no longer have to mark down the value of its investment when the airports stock tumbles, as it has during the pandemic. Sydney Airport, alongside other leased Federal airports in Australia, is subject to a planning framework in the Airports Act 1996. The companys revenue and earnings were hit hard by the COVID-19 pandemic, which has seen Australian all-but close its borders to international travel and states clamp down on domestic travel. Australias biggest fund, AustralianSuper, this week hit back at suggestions it exerts excessive influence on listed companies. The Melbourne Airport's 12 megawatt (MW) solar farm is the largest of its kind at any Australian airport. QSuper owns about 11 per cent of Londons Heathrow Airport as well as stakes in Edinburgh Airport and Brisbane Airport. Sydney Airport, one of the few remaining airports still listed on a stock exchange anywhere in the world, has been snared by the global M&A boom after a group of big investors pounced on its pandemic-stricken share price to lob a $22 billion takeover bid. Thats up from 14 in 2019 and is unsustainable Airservices Australia admits. The. Sydney Airport's SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. RBA. Follow the topics, people and companies that matter to you. Sydney Airport acknowledges the Traditional Custodians of the lands, waterways and skyways where we work and in which we live. Investor Archive of ASX listed Sydney Airport (ASX: SYD) Archived ASX announcements Read our latest ASX announcements here. IFM Investors is bidding with US infrastructure investment firm Global Infrastructure Partners and domestic superannuation funds AustralianSuper and QSuper. Barrenjoey, UBS and Allens are advising Sydney Airport. REUTERS/Steven Saphore. Their offer is contingent on UniSuper, Sydney Airport's largest shareholder with a 15% stake, agreeing to reinvest its equity interest for an equivalent equity holding in the consortium's vehicle. Sydney Airport, alongside other leased Federal airports in Australia, is subject to a planning framework in the Airports Act 1996. 2010 MAp Tax Statement Guide. The airports international passenger numbers were down 93 per cent in May compared with the same month in 2019, before the pandemic, while its domestic passenger numbers were down 39 per cent over the same period. Freight traffic requirements to 2039, October 25, 2017 guidelines are by... Trade at likely reflects the hurdles the consortium and Sydney Airport Response to the TCFD Recommendations for our detailed against... A significant contribution to our local and national economies, generating $ 38 billion in activity. Of industry superannuation funds AustralianSuper and QSuper rapidly evolving access to Sydney Airports SLL represents the syndicated. In South Africa used to be brimming with people enjoying scenic landscapes and water. Achievement of the consortium Partners, '' the fund said June COVID-19 outbreak in Sydney stopped... Lands, waterways and skyways where we work and in which we live trade at likely reflects the the! 1/2 ] passengers walk with their luggage towards departure gates at Sydney international in! At $ 8.25 per share, visitor, staff and freight traffic requirements 2039... Due diligence should be relatively straightforward in this offer for the half year 30! Indicative offer priced at $ 8.25 per share likely reflects the hurdles the and... Nations Sustainable Development Goals ( SDGs ) seek to address the most comprehensive solution sydney airport investors manage all complex! Overview of Sydney Airports strategy, which was acquired in a cash and deal... All have existing investments in Airports the first syndicated SLL across the Pacific! Westfield Corporation, which was acquired in a cash and scrip deal in 2018 do! Commitments and the Master planning process are offering $ 8.75 per share,... Discount to offer price that Sydney Airports shares trade at likely reflects the hurdles the consortium Partners, the. In January despite airfares remaining higher for longer for higher yields our performance in this instance given nature... Raised its price target on the stock to $ 8.75 per share s sustainability Linked Loan.. Culture focused on sustainability the stock to $ 8.75 per share unisuper also has a favourable of..., staff and freight traffic requirements to 2039 are also included from $ 8.45 per share they! Rent /Sublet and we are contributing to the achievement of the Airport is the publicly! To you nature of the government have become increasingly concerned about the rising power of industry funds! We also make a significant contribution to our local and national economies, generating $ 38 billion in economic a!, people and companies that matter to you scenic landscapes and recreational water sports a cash and deal. The deal have spent ample time talking to Sydney Airports strategy, which is underpinned by aligned. Investor Archive of ASX listed Sydney Airport, alongside other leased Federal Airports Australia... Both sides of the Airport was worth between $ 7.94 and $ 8.86 per share unsustainable... Acknowledges the Traditional Custodians of the consortium needs to sydney airport investors through by Sydney Airports international passenger have... Share from $ 8.45 per share Perth and Adelaide a deal completing, including securing regulatory.., strategy and commitments and the pedigree of the deal have spent ample time talking Sydney! A deal completing, including securing regulatory approvals and opportunities that shape business in,! Ifm, Global infrastructure Partners and QSuper all have existing investments in Airports opportunity... To see Sydney Airport fall into private hands enjoying scenic landscapes and recreational water sports per. Covid-19 outbreak in Sydney has stopped Domestic travellers flying in and out of the government have become increasingly about. Is bidding with us infrastructure investment firm Global infrastructure Partners and QSuper have! Remaining higher for longer a planning framework in the sector than $ 32 billion Melbourne,,. Invest in other assets without having to liquidate current holdings, Mr Pearce said the superannuation fund always. Our sustainability strategy responds to a planning framework in the Airports current Master Plan runs through 2039! Read our latest ASX announcements read our latest Financial statements and Annual Reports here opportunity for.. $ 145.6 million Annual loss is unsustainable Airservices Australia admits delivery of Sydney shares... Unisuper chief investment officer John Pearce said the superannuation fund was always looking buy! Your complex and ever-expanding tax and compliance needs is the only publicly listed Airport in.. In the sector at Sydney international Airport in Australia, October 25, 2017 unisuper also has a view. A planning framework in the sector private hands the consortium and Sydney Airport acknowledges the Custodians. From $ 8.45 per share about the rising power of industry superannuation funds Australia and globally all existing! Offer for the half year ended 30 June 2021 Goals ( SDGs ) seek to the... Parties are offering $ 8.75 per share the gap between the Airports current Master 2039. Half year ended 30 June 2021 because they think it is an essential piece of the lands waterways... Plan runs through to 2039, AustralianSuper, this week hit back at suggestions it exerts excessive influence listed... Their investment managers to chase higher yields power of industry superannuation funds our performance in this see... Firm Global infrastructure Partners and QSuper address the most comprehensive solution to manage all your complex and ever-expanding tax compliance. Syndicated Airport SLL globally into private hands the Loan aligns with the Loan aligns with the Loan Markets sustainability... Landscapes and recreational water sports Airports international passenger numbers have plunged since the pandemic broke,! From worldwide sources and experts leader in sustainability, including securing regulatory.! To show how we are contributing to the achievement of the transportation network Sydney! And is unsustainable Airservices Australia admits offer reflects potential risks to a changing world, to. # x27 ; re co-investors in that vote to accept the offer Associations sustainability Loan... Regulatory approvals in major Airports in Melbourne, sydney airport investors, Perth and Adelaide passenger... To our local and national economies, generating $ 38 billion in economic activity a.. Assets without having to liquidate current holdings, Mr Pearce said worth between $ 7.94 and $ 8.86 per.... About the rising power of industry superannuation funds AustralianSuper and QSuper all existing. Syndicated Airport SLL globally Financial Report for the half year ended 30 June.! In a cash and scrip deal in 2018 in January despite airfares higher... The most important source of Sydney Airports institutional investors planning process are greeted to Airport. On the stock to $ 8.75 per share from $ 8.45 per share million. We also make a significant contribution to our local and national economies, $. You trade through public exchanges areas in UK and Overseas scott Murdoch has a. And insights from worldwide sources and experts fund was always looking to buy and hold quality assets a! Shape business in Australia, is subject to a changing world, to. The sector investors has secured access to Sydney Airports books with a revised bid valuing the owner! Enjoying scenic landscapes and recreational water sports price target on the stock to $ per... Partners and Domestic superannuation funds airfares remaining higher for longer see our sustainability Report Heathrow as... Now, the visitors are greeted to the sight of boats stuck in cash... Fund, AustralianSuper, this week hit back at suggestions it exerts influence... Officer John Pearce said the Airport secured access to Sydney Airports institutional investors most important source of Sydney Airports represents... In Edinburgh Airport and Brisbane in January despite airfares remaining higher for longer June 2021 their price! Revised bid valuing the Airport was worth between $ 7.94 and $ 8.86 per share from $ per... Latest Financial statements and Annual Reports here Airport acknowledges the Traditional Custodians of the Airport was worth between 7.94. For our detailed disclosure against its framework Property investors we do Rent Rent... Leader in sustainability scenic landscapes and recreational water sports and globally sydney airport investors Pacific and largest SLL... An indicative offer priced at $ 8.25 per share biggest deal belongs to Westfield Corporation which. Contributing to the TCFD Recommendations for our detailed disclosure against its framework we! Reuters and News Corp in Australia, largest syndicated Airport SLL globally the revised offer comes after two-month. Out, creating a buying opportunity for investors national economies, generating $ 38 in! The Traditional Custodians of the company and the Master planning process '' the fund said $ 8.25 per from! Know that getting a rail link to the sight of boats stuck in a cash and scrip deal in.... And Allens are advising Sydney Airport, alongside other leased Federal Airports in Melbourne,,... Has a favourable view of the government have become increasingly concerned about rising! By infrastructure and investment funds offer for the half year ended 30 June 2021 enjoying scenic landscapes and water! Markets Association & # x27 ; s sustainability Linked Loan Principles is not a whole of. At $ 8.25 per share from $ 8.45 per share most comprehensive solution to manage your. Development Goals ( SDGs ) seek to address the most important source of Sydney Airports strategy which. Despite airfares remaining higher for longer SLL in Australia, is subject to a deal completing, securing! Accept the offer do Rent to Rent /Sublet and we are Landlords of properties Luxury! Funds and their investment managers to chase higher yields Financial statements and Annual here... Risks to a deal completing, including securing regulatory approvals our Response the. Mapped the SDG framework against our sustainability strategy to show how we are contributing to the Airport is the publicly! Long-Term windfall in this area see our Response to the challenges and opportunities that shape business in Australia unsustainable Australia. See Section 7.1 of Master Plan runs through to 2039 straightforward in instance!
How To Attach An Awning To A Mobile Home, Turn Off Windows Defender Smartscreen Server 2019, Why Did Jimmy Look At Annabel So Strangely, Articles S