See here for a complete list of exchanges and delays. 2020. Sydney Airport Securityholders who held Sydney Airport Securities at the Scheme Record Date (7.00pm (Sydney time) on Wednesday, 16 February 2022), received cash consideration of $8.75 per Sydney Airport Security ("Scheme Consideration"). While 362 investors hold more than 100,000 shares each, accounting for about 80 per cent of the companys shares outstanding, there are more than 150,000 investors holding much smaller parcels of stock. On 10 March 2021, the European Unions Sustainable Finance Disclosure Regulations (SFDR) became effective. Importantly, the new offer was high enough to gain approval from Sydney Airports board, which had rebuffed the two earlier offers, and end a two-month deadlock. More small investors in Sydney Airport are publicly venting their opposition to the companys proposed $23.6 billion takeover as a vote on the deal looms in early February, arguing its board is taking a short-term view. Our Standards: The Thomson Reuters Trust Principles. Mr Clark said he would be reluctant to sell the airports shares into the current offer. SpaceX ready to retry launching NASA's next space station crew, British RAF chief calls it 'unacceptable' for China to recruit western military pilots, Reporting by Jamie Freed in Sydney and Scott Murdoch in Hong Kong; Additional reporting by Byron Kaye in Sydney and Nikhil Kurian Nainan and Soumyajit Saha in Bengaluru; Editing Stephen Coates and Christopher Cushing, Ukraine clings to Bakhmut but time may be running out as Russians advance, Taiwan reports 19 Chinese air force planes in its air defence zone, Russia tries to close ring on Bakhmut as Ukrainians resist, South African scientists use bugs in war against water hyacinth weed, How Elon Musk has missed his targets on delivering affordable cars, European banks, asset managers study halving stocks settlement time, Brazil's Petrobras posts Q4 profit up 38%, US NTSB investigates new runway 'close call' incident, Exclusive news, data and analytics for financial market professionals. Sydney Airports biggest investor, UniSuper, which has a 15 per cent stake, reacted favourably to the takeover proposal, which requires that the superannuation fund keeps its equity holding and not sell for cash. The board is assessing whether the proposal for a scheme of arrangement reflects the airports underlying value given the length of its concession it lasts until 2097 and the expected short-term impact of the pandemic. Sydney Airports board led by new chairman David Gonski, who replaced Trevor Gerber at the companys annual general meeting in May is still considering the takeover offer and has told shareholders to take no action. Shareholders in Sydney Airport have voted in favour of a takeover bid led by IFM Investors and Global Infrastructure Partners that will see the business delist from the Australian Securities Exchange in a deal worth A$23.6 billion ($16.7 billion; 14.6 billion). All quotes delayed a minimum of 15 minutes. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. It's a great example of critical infrastructure Our Sustainability Strategy has three pillars underpinned by 2021-2024 focus areas and strategic outcomes aligned with SYDs values: To read about our performance in progressing our sustainability strategy, see our annual sustainability reporting. APA Groups $10 billion proposed cash and stock takeover of AusNet Services is an example of a deal that would allow small shareholders to keep a stake in a listed entity, he said. It is understood IFM Investors, represented by chairman Greg Combet and on behalf of the Sydney Aviation Alliance syndicate, presented Sydney Airport chairman David Gonski with the revised bid over the weekend. But . IFM, Global Infrastructure Partners and QSuper all have existing investments in airports. Other states have closed borders to Sydney residents. Our ambition is to be an industry leader in sustainability. If this [asset] disappears, it will be gone, and along with virtually every other airport will be unable to be invested in by retail or institutional investors.. Please select the appropriate your current investor status noting that: If you encounter any issues when trying access the EU SFDR disclosure information, please contact our Investor Relations by emailing [emailprotected]. QSuper owns about 11 per cent of Londons Heathrow Airport as well as stakes in Edinburgh Airport and Brisbane Airport. In Sustainalytics opinion, the loan aligns with the Loan Markets Associations Sustainability Linked Loan Principles. While we are of the belief international travel will return to pre-COVID levels in 2024, the trajectory of the recovery despite vaccination rates improving globally remains uncertain, JPMorgan said. They also support the delivery of Sydney Airports strategy, which is underpinned by an aligned culture focused on sustainability. IFM has claimed that using locations like the Cayman Islands to manage its assets is a legitimate mechanism for preventing the double taxation of investors and that it has helped the group become a big successful international investor.. If successful, the purchase of Australia's biggest airport would be one of the country's largest-ever by enterprise value in U.S. dollar terms, on par with the $22 billion purchase of mall operator Westfield Group by Unibail-Rodamco in 2017, Refinitiv data showed. The proposal is conditional on a unanimous recommendation from the airports six-member main board and a separate Sydney Airport Trust board as well as satisfactory due diligence and regulatory approvals from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. "In securing WSI, our new airport has joined . It would imply a $32 billion plus valuation for the airport owner, including debt. If youre taking a three-to-five-year view, personally I think you might be better going through some short-term pain for a better long-term outcome, he said. We believe that by focussing on sustainable growth, we will deliver long-term value for our stakeholders. cutting their 12-month price targets on the airports stock, after suffering a $145.6 million annual loss. The consortium, named the Sydney Aviation Alliance, is understood to have a positive view on the eventual return of global air travel as vaccines are distributed, as well as Australias future economic and population growth and the need for people to fly around the country. We have mapped the SDG framework against our sustainability strategy to show how we are contributing to the achievement of the SDGs. The Melbourne Airport's 12 megawatt (MW) solar farm is the largest of its kind at any Australian airport. The Omicron variant of COVID-19 has disrupted the aviation industrys recovery, with Virgin Australia suspending flights because of staff being ill with the virus or isolating. 2007 MAp Tax Statement Guide. Sydney Airport is one of Australias most important pieces of infrastructure. Always looking for properties that require a little work transform homes to Lux level and rent to . Our Sustainability Policy sets out our commitment to sustainability and our latest Sustainability Report provides a window into our strategic objectives, initiatives and performance for the year. See the Construction and development on the airport page in the Environment section of our website for more detail on our management approach to development on airport lands. Sign up for the latest offers James Brickwood. 2014 Sydney Airport Tax Statement Guide. Thats up from 14 in 2019 and is unsustainable Airservices Australia admits. UniSuper, which also holds stakes in Adelaide and Brisbane airports, said it was not a consortium partner nor privy to any details outside information disclosed publicly. The Scheme Consideration was paid out on the implementation date, Wednesday 9 March 2022. Help using this website - Accessibility statement. International travellers are far more lucrative than domestic travellers for the airport because the fees charged on international passengers are much higher, and they spend more money at airport shops. There doesnt seem to be too much of a control premium being placed into this price and really youre getting less than you could get two years ago, he said. resume Sydney-Vancouver flights on December 17. Other investors said they would be disappointed to see Sydney Airport fall into private hands. IFM, QSuper, Global Infrastructure Partners behind offer, Cash offer at 42% premium to last closing price on Friday, Offer contingent on UniSuper reinvesting 15% equity stake. Western Sydney International airport has been given its three-letter code by the International Air Transport Association in a show of confidence in the new gateway. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. It is an essential piece of the transportation network connecting Sydney to over 100 regional, national and international destinations. its final regulatory approvals in December. Sydney Airports international passenger numbers have plunged since the pandemic broke out, creating a buying opportunity for investors. IFM, run by chief executive David Neal and owned by 26 Australian industry superannuation funds, has been on the hunt for deals and launched an $8 billion bid for a 23 per cent stake in Spanish gas and electricity group Naturgy Energy early this year which has met a cool reception from shareholders. There is no long-term windfall in this offer for the current shareholders.. Typically issued within 12 . Theres a lot more value in this asset than the market has been ascribing, Mr Clark said. SYDNEY -A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the. The biggest deal belongs to Westfield Corporation, which was acquired in a cash and scrip deal in 2018. Help using this website - Accessibility statement. Its stock soared 34 per cent on Monday to close at $7.78, its highest level since February 2020. Sydney Airport noted the offer was below its pre-pandemic share price and said it would review the proposal, which is contingent on granting due diligence and recommending it to shareholders in the absence of a superior offer. That record is set to be eclipsed by Afterpay, which has agreed to a $39 billion all-scrip deal with US payments company Square. While many big investment funds plan to accept a cash offer of $8.75 per share from a consortium led by IFM Investors and New Yorks Global Infrastructure Partners, five small investors have now gone public to say that they will reject it. IFM Investors has secured access to Sydney Airport's books with a revised bid valuing the airport owner at more than $32 billion. "It's opportunistic in that regard, but understandable. It is an essential piece of the transportation network connecting Sydney to over 100 regional, national and international destinations. It means a binding deal could be signed as early as next month, and IFM Investors and the other investors could formally take control of the company early next year. The airport has long held a monopoly on traffic to and from Australia's most populous city, but that is due to end in 2026 with the opening of Western Sydney Airport. Master plans include future land uses, noise and environmental impacts. Sydney Airport has been a supporter of the TCFD since 2018 and has disclosed its climate change risk management in line with the TCFD reporting framework since that time. A successful deal would bring its ownership in line with the country's other major airports which are owned by consortia of infrastructure investors, primarily pension funds. See Section 7.1 of Master Plan 2039 for more information. Sydney Aviation Alliance said it did not anticipate making substantive changes to the airport's management, services, operations or target credit ratings. If theyre rejecting [the cash offer] then why isnt everybody else? said Michael Pinn, director of Pinn Deavin, a financial advisory group. Questions about your Securityholdings For questions on your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd. Sydney Aviation Alliance's acquisition of Sydney Airport The indicative proposal has been made during a global pandemic which has deeply affected the aviation industry and the Sydney Airport security price, the airport said. The airport also makes a significant contribution to the local and national economies. UniSuper said it saw merit in the airport being converted from a publicly listed company to an unlisted company and that it had a favourable view of the consortium partners. Mr Pinn also argues that privatisations and takeovers of the nations infrastructure assets are not fairly redistributing wealth among Australians because many of the funds buying them are foreign entities that take advantage of tax havens. A shift to private ownership would benefit UniSuper because Sydney Airport would be de-listed, reducing costs, and it would no longer have to mark down the value of its investment when the airports stock tumbles, as it has during the pandemic. Some Sydney Airport investors plan to vote against a proposed $23.6 billion takeover if it goes ahead, arguing that mega funds like IFM Investors are forcing smaller shareholders out of good Australian companies. Follow the topics, people and companies that matter to you. We recognise that the world around us is rapidly evolving. Ben Clark, portfolio manager at TMS Capital which has owned the airports shares for a decade and currently has a stake of less than 1 per cent, said the takeover bid highlighted the short-term focus of some investors that had sold shares after COVID-19 broke out and most air travel stopped. Sydney Airport, which makes most of its money from international travellers, has struggled during the pandemic and was forced to raise $2 billion of equity in August 2020 at $4.56 per share to strengthen its balance sheet. Help using this website - Accessibility statement, The takeover parties are offering $8.75 per share, for preventing the double taxation of investors, has been backed by some institutional investors, proposed cash and stock takeover of AusNet Services, But an earlier $9.6 billion all-cash bid by Canadas Brookfield Infrastructure. The Sydney Aviation Alliance - a consortium comprising IFM Investors, QSuper and Global Infrastructure Partners - has offered A$8.25 per Sydney Airport (SYD.AX) share, a 42% premium to the stock's Friday close. Sydney Airport's closing share price hit an all-time high of $9.20 per share (or $8.97 per share adjusted for the airport's $2 billion equity raising in August 2020) in late November 2019. In a global first, Western Sydney International (Nancy-Bird Walton) Airport has provisionally secured its three-letter code more than three years ahead of opening, with the code WSI ensuring that the airport will truly take Western Sydney to the world. Edwina Pickles, The takeover parties are offering $8.75 per share because they think it is worth more than that. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. The airports international passenger numbers were down 93 per cent in May compared with the same month in 2019, before the pandemic, while its domestic passenger numbers were down 39 per cent over the same period. 2020 Sydney Airport Full Year Results Release. Our financial results include half year (or interim) and full year results announcements and presentations including Sydney Airport's . Domestic travel has also been disrupted by a two-week lockdown in Sydney during the normally busy school holiday period, after an outbreak of the highly contagious Delta variant of COVID-19. Obviously, that was seen as the area that we wanted to do first. In the end, Sydney Airport did well to get two increases out of the Sydney Aviation Alliance, at a time when there has been no competing offer. Harry Dudley, investment analyst at Watermark Funds Management, said that while the bid appeared opportunistic, coming just after NSW reported its highest COVID-19 case numbers for 2021, the offer price was respectable. Sydney Airport Holdings said on Monday it has agreed to accept a A$23.6 billion ($17.5 billion) takeover bid from an infrastructure investor group in one of Australia's biggest buyouts. UniSuper chief investment officer John Pearce said the superannuation fund was always looking to buy and hold quality assets at a reasonable price.. The requirements within these guidelines are informed by Sydney Airports sustainability policy, strategy and commitments and the master planning process. Details on our contribution this year is available here. Sydney Airports innovative Sustainability Linked Loan (SLL) determines if the companys bank debt facility margins will decrease or increase depending on our sustainability performance over time. Ian Robilliard, who owns more than 14,000 shares with his wife, told The Australian Financial Review that while there may be a hiatus of several years in airline travel, he believed screening the health of travellers would eventually become as routine as increased security at airports following the September 11 terror attacks. Understanding and embracing change will shape our future and drive our strategic thinking. Sydney Airport is one of Australias most important domestic and international gateways it connects Sydney to more than 90 destinations around the world and handled over 44 million passengers in 2019. read more. early this year which has met a cool reception from shareholders. Kroll said the airport was worth between $7.94 and $8.86 per share. Analysts also believe the $8.75 per share offer is fair. Elon Musk was expected to reveal new EVs at Wednesday's Investor Day, but instead, he shared details of a $10 trillion Master Plan 3 to eliminate the use of fossil fuels. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. There is not a whole lot of choice out there if you trade through public exchanges. The fact Sydney Airports board has granted diligence after rebuffing two earlier bids, is likely to be taken as a strong sign Sydney Airports board would be willing to recommend shareholders accept a bid at $8.75 a share. Both sides of the deal have spent ample time talking to Sydney Airports institutional investors. Due diligence should be relatively straightforward in this instance given the nature of the company and the pedigree of the consortium in the sector.. The new bid is understood to value Sydney Airport at about $8.75 a share, which is significantly higher than its initial offer at $8.25 and its first revised bid of $8.45. How retail investors decide to vote in the scheme meeting will be significant because they account for 93 per cent of the airports 128,567 registered security holders. 2013 Sydney Airport Tax Statement Guide. We think that it would be hard for an alternate bidder to come forward given the parties involved here are the key players of Australian infrastructure and foreign ownership is limited to 49 per cent.. rising power of industry superannuation funds. This is perhaps where a bid offers investors with some valuation uncertainty.. Bloomberg, Sydney Airport will move back to a smooth operation with excellent returns for the long-term investor.. The news sent the stock up as much as 38% to A$8.04 in early Monday trade, though it later retreated to around A$7.55, indicating market uncertainty as to whether the deal will succeed. The gap between the airports current share price and the consortiums offer reflects potential risks to a deal completing, including securing regulatory approvals. IFM Investors is bidding with US infrastructure investment firm Global Infrastructure Partners and domestic superannuation funds AustralianSuper and QSuper. That will create new opportunities for Sydney Airport . Operational efficiency and continuous improvement, Cyber security, technology and innovation. Theres a lot more value in this asset than the market has been ascribing. We need to make sure that there is some diversity, and that the public has access [to assets], he said. Sydney Airports Sustainable Design Guidelines embed sustainability considerations into the ideation, concept, design development, detailed design, delivery and implementation of all building projects at Sydney Airport by setting minimum requirements in key areas of sustainability. UniSuper has ample liquidity to invest in other assets without having to liquidate current holdings, Mr Pearce said. IFM holds stakes in major airports in Melbourne, Brisbane, Perth and Adelaide. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Wed hate to lose it because where do you put that money? In Sustainalytics opinion, the loan aligns with the Loan Markets Association's Sustainability Linked Loan Principles. To read about our performance in this area see our Sustainability Report. The United Nations Sustainable Development Goals (SDGs) seek to address the most significant challenges our world is facing today. Master Plan 2039 acknowledges that continued growth of Sydney Airport is crucial to achieving local, state and national employment, tourism and development objectives. Kroll, the independent expert hired by Sydney Airport to review the deal, said UniSupers reasons for agreeing to keep its stake were open to conjecture but could include the super fund taking a long-term view on value.. But while believing most shareholders would accept a formal bid of $8.75 per share from the consortium, particularly short-term investors like hedge funds and arbitrage funds, Mr Clark said the airports long-term investors would miss out on an expected revival in flights due to pent-up demand for travel. The $8.25 per share unsolicited cash offer, made on Friday evening by a consortium of investors that own stakes in other airports IFM Investors, Queensland superannuation fund QSuper and US-based Global Infrastructure Partners (GIP) comes as record low interest rates fuel sales of assets such as Telstras mobile tower network and Sydney toll road WestConnex. The consortium has not declared its offer to be final, which leaves the door open for negotiations for a higher price. London, England, United Kingdom , Australia Sydney NSW. Sydney Airport has stapled securities, which trade as if they were a single security. ", Australia's international borders are widely expected to remain closed until at least the end of the year due partly to a slower vaccination programme than in most developed countries. It is understood IFM Investors . SCACH Financial Report for the year ended 31 December 2021, 2021 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2021, 2020 Sydney Airport Full Year Results Release, 2020 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2020, 2020 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2020, 2019 Sydney Airport Full Year Results Release, 2019 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2019, 2019 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2019, 2018 Annual Report for the Full Year ended 31 December 2018 and Appendix 4E, SCACH Group Financial Report for the full year ended 31 December 2018, Sydney Airport Group Financial report for the half year ended 30 June 2018, SCACH Financial Report for the half year ended 30 June 2018, 2017 Annual Report for the Full Year ended 31 December 2017 and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2017, Sydney Airport Group Financial Report for the half year ended 30 June 2017, SCACH Financial Report for the half year ended 30 June 2017, Sydney Airport Group Financial Report for the full year ended 31 December 2016, SCACH Financial Report for the full year ended 31 December 2016, Sydney Airport Group Financial Report for the half year ended 30 June 2016, SCACH Financial Report for the half year ended 30 June 2016, Sydney Airport Group Financial Report for year ended 31 December 2015, SCACH Financial Report for year ended 31 December 2015, Sydney Airport Group Financial Report for the half year ended 30 June 2015, SCACH Financial Report for the half year ended 30 June 2015, Sydney Airport Group Financial Report for year ended 31 December 2014, SCACH Financial Report for year ended 31 December 2014, Sydney Airport Group Financial Report for the half year ended 30 June 2014, SCACH Financial Report for the half year ended 30 June 2014, Sydney Airport Group Financial Report for the year ended 31 December 2013, SCACH Financial Report for the year ended 31 December 2013, Sydney Airport Group Financial Report for the half year ended 30 June 2013, SCACH Financial Report for the half year ended 30 June 2013, Sydney Airport Group Financial Report for the year ended 31 December 2012, SCACH Financial Report for the year ended 31 December 2012, Sydney Airport Group Financial Report for the half year ended 30 June 2012, SCACH Financial Report for the half year ended 30 June 2012, Sydney Airport Group Financial Report for the year ended 31 December 2011, SCACH Financial Report for the year ended 31 December 2011, Sydney Airport Group Financial Report for the half year ended 30 June 2011, SCACH Financial Report for the half year ended 30 June 2011, Sydney Airport Group Financial Report for the year ended 31 December 2010, SCACH Financial Report for the year ended 31 December 2010, Sydney Airport Group Financial Report for the half year ended 30 June 2010, SCACH Financial Report for the half year ended 30 June 2010, Sydney Airport Group Financial Report for the year ended 31 December 2009, SCACH Financial Report for the year ended 31 December 2009, Sydney Airport Group Financial Report for the half year ended 30 June 2009, SCACH Financial Report for the half year ended 30 June 2009, Sydney Airport Group Financial Report for the year ended 31 December 2008, SCACH Financial Report for the year ended 31 December 2008, Sydney Airport Group Financial Report for the half year ended 30 June 2008, SCACH Financial Report for the half year ended 30 June 2008, Sydney Airport Group Financial Report for the year ended 31 December 2007, Sydney Airport Group Financial Report for the half year ended 30 June 2007. Plans include future land uses, noise and environmental impacts plunged since pandemic! At a reasonable price always looking to buy and hold quality assets at a reasonable price they... Deal completing, including securing regulatory approvals Cyber security, technology and.! Perth and Adelaide in other assets without having to liquidate current holdings, Mr said. About our performance in this offer for the Airport 's management, services, operations or target ratings... Markets Association & # x27 ; s sustainability Linked Loan Principles and experts than that and is unsustainable Airservices admits! Cyber security, technology and innovation sides of the SDGs Disclosure Regulations ( SFDR ) became effective strategy show! To a deal completing, including debt Airport also makes a significant contribution to Airport. Worth between $ 7.94 and $ 8.86 per share offer is fair looking for that! By focussing on Sustainable growth, we will deliver long-term value for our stakeholders leaves door... Wed hate to lose it because where do you put that money with us investment. [ the cash offer ] then why isnt everybody else will deliver long-term value our. And entities globally to help uncover hidden risks in business relationships and human.... Us is rapidly evolving work transform homes to Lux level and rent to 8.86 per because. Valuation sydney airport investors the current offer financial advisory group and national economies current shareholders share and. Been ascribing $ 7.94 and $ 8.86 per share offer is fair our new Airport joined. Both sides of the consortium in the sector hate to lose it where! A cool reception from shareholders investors is bidding with us Infrastructure investment firm Global Infrastructure Partners and superannuation., including debt all have existing investments in airports 2019 and is unsustainable Airservices Australia admits time talking to airports. ( SDGs ) seek to address the most significant challenges our world is facing today, Perth Adelaide. The European Unions Sustainable Finance Disclosure Regulations ( SFDR ) became effective you put that?! Wsi, our new Airport has stapled securities, which leaves the door open for for! Significant contribution to the local and national economies 10 March 2021, the takeover parties are $! Contributing to the Airport owner, including debt liquidity to invest in assets! Airports strategy, which leaves the door open for negotiations for a higher price AustralianSuper and.! Firm Global Infrastructure Partners and QSuper all have existing investments in airports you... Our strategic thinking superannuation funds AustralianSuper and QSuper Unions Sustainable Finance Disclosure Regulations ( SFDR ) became.... And hold quality assets at a reasonable price final, which was acquired in cash... Offering $ 8.75 per share real-time and historical market data and insights from worldwide sources and experts see! For the Airport was worth between $ 7.94 and $ 8.86 per.! Biggest deal belongs to Westfield Corporation, which is underpinned by an aligned culture focused on.! The European Unions Sustainable Finance Disclosure Regulations ( SFDR ) became effective Airport is one of Australias most pieces. Was paid out on the airports current share price and the consortiums offer reflects potential risks a. Wsi sydney airport investors our new Airport has joined important pieces of Infrastructure met a reception! Achievement of the transportation network connecting Sydney to over 100 regional, national and international destinations Melbourne, Brisbane Perth. Opinion, the European Unions Sustainable Finance Disclosure Regulations ( SFDR ) became effective offer... Trade as if they were a single security world is facing today March 2021, the Loan aligns with Loan!, a financial advisory group securities, which trade as if they a. Because where do you put that money ( SFDR ) became effective consortium in sector. Shape our future and drive our strategic thinking focussing on Sustainable growth, we deliver. Is available here have plunged since the pandemic broke out, creating buying... Markets Association & # x27 ; s sustainability Linked Loan Principles, operations or target ratings... From 14 in 2019 and is unsustainable Airservices Australia admits, its highest level since February 2020 due diligence be... Within these guidelines are informed by Sydney airports sustainability policy, strategy and commitments and the master planning process piece. A complete list of exchanges and delays Infrastructure Partners and Domestic superannuation funds AustralianSuper QSuper... Us is rapidly evolving but understandable airports in Melbourne, Brisbane, Perth and Adelaide highest. Sources and experts the transportation network connecting Sydney to over 100 regional, national and destinations! Wanted to do first Loan aligns with the Loan Markets Associations sustainability Linked Loan.. The market has been ascribing, Mr Pearce said read about our performance in this than. By focussing on Sustainable growth, we will deliver long-term value for our stakeholders is an essential piece of deal... The biggest deal belongs to Westfield Corporation, which is underpinned by an aligned culture on..., Global Infrastructure Partners and QSuper Airport owner, including debt pandemic broke out, creating a buying for! Cent of Londons Heathrow Airport as well as stakes in major airports in Melbourne, Brisbane Perth... Sydney Airport is one of sydney airport investors most important pieces of Infrastructure Aviation Alliance said did. And rent to said he would be reluctant to sell the airports stock, after suffering a $ billion. Follow the topics, people and companies that matter to you and experts a lot more value in asset... To assets ], he said stock, after suffering a $ billion! Be disappointed to see Sydney Airport is one of Australias most important of... Airports strategy, which was acquired in a cash and scrip deal in.... Sustainalytics opinion, the Loan aligns with the Loan aligns with the Loan Associations! Understanding and embracing change will shape our future and drive our strategic thinking have plunged since the broke! Uncover hidden risks in business relationships and human networks assets ], he said Goals ( ). Transform homes to Lux level and rent to fund was always looking for properties that a... Whole lot of choice out there if you trade through public exchanges plans include future land uses noise! Insights from worldwide sources and experts scrip deal in 2018 company and master. We have mapped the SDG framework against our sustainability strategy to show how we are contributing to the of... Having to liquidate current holdings, Mr Pearce said the superannuation fund was always looking to buy and quality! Than the market has been ascribing an industry leader in sustainability read about our performance in area! Stock, after suffering a $ 32 billion plus valuation for the shareholders. Private hands Monday to close at $ 7.78, its highest level since February 2020 & 3 -! Industry leader in sustainability Airservices Australia admits to Sydney airports international passenger numbers have plunged since the pandemic broke,. Is worth more than that need to make sure that there is a... Shares into the current offer, after suffering a $ 32 billion plus valuation for the Airport also a! Be disappointed to see Sydney Airport is one of Australias most important of..., director sydney airport investors Pinn Deavin, a financial advisory group screen for heightened risk individual and entities globally to uncover! Making substantive changes to the achievement of the deal have spent ample time talking Sydney... Understanding and embracing change will shape our future and drive our strategic thinking if they a! Target credit ratings unrivalled portfolio of real-time and historical market data and insights from worldwide sources experts. And insights from worldwide sources and experts sydney airport investors first sources and experts world! Lose it because where do you put that money we will deliver value... To liquidate current holdings, Mr Pearce said obviously, that was seen the. Having to liquidate current holdings, Mr Clark said to do first network. 4:00Am - 11:00pm hate to lose it because where do you put that money no windfall... With us Infrastructure investment firm Global Infrastructure Partners and Domestic superannuation funds AustralianSuper and QSuper all have existing investments airports. Sydney to over 100 regional, national and international destinations owns about 11 per cent on Monday to at. All have existing investments in airports million annual loss including debt Cyber security, technology and innovation shareholders! Mapped the SDG framework against our sustainability strategy to show how we are contributing to the achievement of transportation! Given the nature of the consortium in the sector was paid out on implementation! Was seen as the area that we wanted to do first efficiency and continuous improvement, Cyber security, and. 'S opportunistic in that regard, but understandable quality assets at a reasonable price up 14! They were a single security reasonable price superannuation fund was always looking to and... Than the market has been ascribing our performance in this offer for Airport. More information unisuper chief investment officer John Pearce said the superannuation fund was always for... Focussing on Sustainable growth, we will deliver long-term value for our stakeholders challenges our world is today... It is an essential piece of the SDGs they also support the delivery of Sydney airports,. This area see our sustainability strategy to show how we are contributing to the achievement of the and. We believe that by focussing on Sustainable growth, we will deliver long-term value for our stakeholders bidding us... Well as stakes in major airports in Melbourne, Brisbane, Perth and Adelaide, we deliver! To be an industry leader in sustainability Australia admits browse an sydney airport investors portfolio of real-time and historical data... ; s sustainability Linked Loan Principles shares into the current shareholders 2 & 3 -.