Morgan Stanley and LAZ Parking have won the bidding for four underground parking garages in Chicago. It will pay $563 million to the City of Chicago for a 99-year lease on the garages, located on Michigan Avenue in the centre of the city. The deal needs to be approved by the Chicago City Council, an...
A 50/50 joint venture of AIG Financial Products and Global Infrastructure Partners has agreed to buy London City Airport for £750 million ($1.2 billion). The winner beat bids from Cologne-Bonn Airport and the Galaxy Fund, and a Balfour Beatty/Merrill lynch joint venture. Other interested bidders inc...
Australian infrastructure and alternative investment fund Hastings Funds Management Ltd has acquired South East Water - the UK's second-largest water-only utility – in a £665 million secondary buy-out from Macquarie European Infrastructure Fund (MEIF).