24-Dec-2008 11:00 AM
JP Morgan-Westpac consortium pick up Cairns Airport for AUD530 million
Analysis
A consortium including JP Morgan Asset Management, Westpac Banking Corporation, The Private Capital Group's The Infrastructure Fund (managed by Hastings) and Perron Investments has acquired a 99-year lease to operate Cairns Airport from the Queensland State Government for AUD530 million (USD359 million). Queensland Airports Ltd will be specialist adviser.
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