IFM has bought a stake in Viennaβs airport after its offer for shares was accepted by shareholders.
The Australian investment manager has taken a 29.9% stake in the asset, buying the stake through Airports Group Europe, the indirect subsidiary of its open-ended Global Infrastructure Fund.
βWe received considerable interest from investors, and feel reassured that we made a fair and attractive offerβ, Werner Kerschl, investment director of IFM Investors. βWe believe that Austria and Vienna Airport in particular, represent an especially attractive investment opportunity.β
As well as airports, IFM Investors has invested in pipelines, electricity transmission systems and seaports.
The infrastructure sector has seen in recent months.
In October, Ferrovial, through its subsidiary Ferrovial Aeropuertos subsidiary, and Macquarie European Infrastructure agreed to pay Β£1.04bn for three .
Macquarieβs Fund 4 and Ferrovial are buying Aberdeen, Glasgow and Southampton airports from Heathrow Airport Holdings. The three airports will continue to be managed locally.
The deal followed Macquarieβs sale of its 50% stake in Bristol airport to Ontario Teachersβ Pension Plan, which had a 49% stake.
