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.
This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.