AMP Capital Investors - global infrastructure airport valuations: Airports ain’t airports

Activity in the global infrastructure segment remains somewhat muted, as recovery from the global financial crisis gathers momentum. AMP Capital Investors Head of Research, Infrastructure Greg Maclean, shares his views with CAPA's Airport Investor Monthly from the latest Global Infrastructure Report, which focuses on risk factors associated with airport valuations. Given the long lead time usually associated with infrastructure projects, AMP Capital Investors is expecting the sector to lag equity markets. Maclean notes, "we feel that this is especially relevant given the forced sale by BAA of Gatwick Airport, [but] once again that the devil is in the detail".