In this report, we examine airports, currently one of the most sought-after categories of assets within infrastructure. Returns have been high, and the price of assets has risen persistently in the post-GFC era.
Airports are attractive assets because they have very solid demand outlooks, GDP-plus growth, some regulation, but also lots of levers that management can pull to enhance returns for investors – the latter is not typically available in classical core infrastructure investments.
There are some changes on the horizon to consider, which we explore in this whitepaper.
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