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Cross Border News  + Ontario  + Industrial  |  June 20, 2025
Photo of Bristol Airport runways and buildings.
Avatar photo
By: Monte Stewart

Ontario Teachers’ Sells Stakes in Three U.K. Airports to Macquarie

The Ontario Teachers’ Pension Plan has agreed to sell its stakes in three U.K. airports to Macquarie Asset Management for an undisclosed price.

Australia-based Macquarie is slated to acquire a 55% stake in Bristol Airport, along with 26.5% and 25% ownership interests in the Birmingham and London City airports, respectively.

Each airport offers unique propositions and catchment areas, said Macquarie.

“We are confident that BHX, BRS and LCY will continue to flourish and are pleased to be passing the baton to new investors Macquarie as they support them in the next stage of their growth,” said Charles Thomazi, Teachers’ senior managing director and head of real estate for the organization’s Europe, Middle East and Africa region.

All three airports are currently undergoing expansions. Teachers’ acquired the airports between 2001 and 2016.\

The transaction is expected to close in the fourth quarter of 2025.

Pictured: Bristol Airport runways and buildings.

Photo: Bristol Airport

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Inside The Story

Charles ThomaziOntario Teachers'

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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