Vantage Airport Group αgrees to αcquire αdditional οwnership ιnterest in LaGuardia Gateway Partners, LaGuardia Terminal B

Terminal B was awarded Leadership in Energy and Environmental Design (LEED) v4 Gold certification by the U.S. Green Building Council, making it the first airline terminal in the world to achieve this designation for its sustainability efforts under more stringent LEED v4 requirements.

NEW YORK, NY – Vantage Airport Group (Vantage), a leading global airport investment, development, and management company, has reached agreement to acquire an additional ownership interest in LaGuardia Gateway Partners (LGP) from Skanska, which is divesting its 32% ownership of LGP. Vantage will acquire approximately 16% of Skanska’s interest for USD $57 million. The transaction is conditional on regulatory approvals and customary terms and conditions.

LGP is the private consortium, comprised of Vantage, Skanska, Meridiam and JLC Infrastructure, that was selected by the Port Authority of New York and New Jersey to finance, develop, and manage the new LaGuardia Terminal B, a $5.1 billion, 35-gate terminal which was completed in July 2022 and in 2023 was named World’s Best New Airport Terminal by Skytrax’ global ranking organization and became the first airport terminal in North America to earn Skytrax’ prestigious 5 Star ranking.

“We have been glad to partner with Skanska on this ambitious project to successfully develop a new world-class Terminal B at LaGuardia. This transformative undertaking, one of the largest of its kind in U.S. transportation history, has benefited from Skanska’s 134-plus years of development and construction expertise,” said George Casey, Chair & CEO, Vantage Airport Group. “We thank the team at Skanska for their contributions. In partnership with the Port Authority of New York and New Jersey, Vantage will continue to steward Terminal B’s success with our additional ownership interest and continued management of this world-class airport terminal under our Management Services Agreement.”

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor’s degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *