North Queensland Airports (NQA) Chief Executive Officer, Norris Carter, said changes to NQA’s ownership as a result of Auckland International Airport Limited selling its share of NQA are now complete.
“Auckland Airport has sold its 24.6% share of NQA to the existing shareholders in accordance with the NQA Security Holders’ Agreement,” Mr Carter said.
“Following the sale IIF Cairns Mackay Investment Ltd (IIF) has a 66% share of NQA, The Infrastructure Fund (TIF) has 27% and Perron Investments has 7%.
“We wish Auckland Airport every success, and look forward to continuing to work with our existing shareholders to excite and delight our customers in Cairns and Mackay.”
NQA owns and operates Cairns and Mackay Airports.
About IIF Cairns Mackay Investment Ltd
IIF Cairns Mackay Investment Ltd (IIF) is focused on the infrastructure sector with a long-term investment approach. IIF is advised by J.P. Morgan Asset Management, a part of JPMorgan Chase and Co.
J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to clients.
About The Infrastructure Fund
The Infrastructure Fund (TIF) is one of Australia’s top performing infrastructure funds with a portfolio of Australian and overseas assets worth more than $2.4 billion. TIF investors include industry superannuation funds representing more than 2 million members, as well as other institutional investors.
About Perron Investments
Perron Investments Pty Ltd is an Australian proprietary company, which generates its income from investments in office and retail properties in Australia. Its head office is located in Western Australia.
Perron Investments Pty Ltd and its assets are privately held through various entities collectively known as The Perron Group. The national investment portfolio comprises approximately 75% retail space and 25% office space, through its infrastructure investments in shopping centres and office towers. Perron Investments Pty Ltd is a shareholder in Queensland Airports Limited.