Last week it was confirmed that London City Airport (LCY) was for sale by majority shareholder New York based Global Infrastructure Partners (GIP). LCY, which is 75% owned by GIP with Oaktree Capital holding the remaining 25%, is up for sale at approximately £2bn – a much higher price than it sold for in 2006 at £750m and higher either Gatwick or Stansted secured for Ferrovial. GIP says that there is a market for large infrastructure units. The timing of the sale has been criticised however since there are still question marks over whether the airport will secure essential planning

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