Balfour Beatty announces sale of Blackpool Airport

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Balfour Beatty announces sale of Blackpool Airport

Balfour Beatty has announced that it has reached an agreement to sell its 95% share in Blackpool Airport to Blackpool Council.

The stake has been sold for a total cash consideration of £4.25 million (US$5.75 million).

Situated on the Fylde Coast, Blackpool was one of the first aviation sites in the UK.

A Balfour Beatty spokesperson said:

“The sale of Blackpool Airport further simplifies the portfolio, in line with the Group’s strategy”.

Blackpool Council had originally owned the airport until 2004, when it sold the stake to a consortium led by City Hopper Airports and Mar Properties for £13 million. The council retained the remaining 5%, while the rest was sold to Balfour Beatty in 2008. 

List of country news

Country news

  • September 14, 2017

    PB for £30m Scottish hospital PPP

    hub North Scotland has announced that Balfour Beatty has been appointed the main ‘tier 1’ contractor for NHS Highland’s proposed new hospitals

    Read more
  • September 14, 2017

    Preferred route for UK’s GBP1.6bn tunnel

    The UK government, through the Secretary of State for Transport, has announced the preferred route for the A303 Stonehenge tunnel project, which it aims to deliver under Private Finance 2 (PF2).

     

    Read more
  • September 12, 2017

    Wales launches MIM road

    The Welsh government has issued a prior information notice (PIN) for the upgrade of the section of the A465 through its new Mutual Investment Model (MIM).

    Read more
  • September 11, 2017

    HICL, Equitix, NPS complete acquisition of HS1

    A consortium of HICL, Equitix and the South Korean National Pension Service (NPS) have completed the acquisition of the High Speed One (HS1) rail concession in the UK for more than £3 billion ($3.9 billion).

    Read more
  • September 07, 2017

    Transurban prices €500 million bond in the Eurobond Market

    Transurban has announced that Transurban Finance Company Pty Limited, the Transurban Group’s financing vehicle, has priced €500 million (US$596 million) of senior secured 10.5 year notes under its Euro Medium Term Note Programme.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.