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Baa forms joint-venture with Morley Fund Management

London, United Kingdom - It was called Airport Property Partnership

British Airport Operator Baa announced it formed a 50-50 joint-venture with Morley Fund Management to develop its airports. According to the collaboration deal, called Airport Property Partnership, Baa will transfer its commercial properties, valued at USD 1.51bn (mainly cargo warehouses and offices at its airports) into the joint-venture, by receiving in return USD 1.08bn cash to develop its air stations,...

AVIONEWS - World Aeronautical Press Agency - 114207
Rome, Italy, 02/14/2005 16:21
AVIONEWS - World Aeronautical Press Agency

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