Saudi Arabia’s sovereign wealth fund is taking a £1bn stake in London’s Heathrow airport as the infrastructure group Ferrovial offloads its shares.
Ferrovial said it was selling its 25% stake in the airport’s parent company for £2.4bn.
Saudi Arabia’s Public Investment Fund will acquire 10% of the shares and Ardian, one of Europe’s largest private equity groups, will purchase 15%
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
