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Canadian pension funds and Kuwait to buy London City Airport A consortium made up of Ontario Teachers' Pension Plan (OTPP), Borealis, AIMCo and Wren House, an kate spade 70 percent off infrastructure investment vehicle owned by the sovereign wealth fund of Kuwait, are understood kate spade shoes outlet to have struck a deal to buy the airport from Global Infrastructure Partners (GIP), the giant private equity firm.
The group saw off stiff competition for the site,including bids from Chinese airlines owner HNA and Cheung Kong Infrastructure Holdings, the firm controlled by Li Ka Shing, Asia's richest man.GIP, which is also an investor in Gatwick, bought City from Irish billionaire Dermot Desmond for 750m a decade ago. Since then, it has enjoyed brisk growth, catering for 3.7m passengers in 2014, up from 2.8m in 2010.However, the new owners face obstacles kate spade ny sale to further growth.Boris Johnson, the outgoing London Mayor, has blocked City's plans for expansion that would see the airport's capacity rise to 6m by 2023. City is appealing his decision.
The airport is popular with financiers and business travellers because kate spade backpack it is close to Canary Wharf and the Square Mile. The Telegraph revealed last year that OTPP, Wren House, and Borealiswere interested in buying City.
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