Introduction
Hahn Airport, located in the Rhineland-Palatinate region of Germany, has been sold again, just 12 months after being acquired by the global infrastructure fund, IFM Investors. The buyer has now been revealed, with a German investment company set to take control of the former low-cost airline hub. This article looks into the details of the latest sale and the implications for the future of the airport.
Hahn Airport Sold Again
Hahn Airport, which was originally established as a military air base, has been sold for the second time in the last 12 months. The new buyer is a German investment company, the Hahn Airport Logistics & Real Estate GmbH group. The group, which is a consortium of international investors, was successfully able to acquire the airport in a deal worth €127 million.
This new sale follows a previous acquisition of the airport by the global infrastructure fund, IFM Investors, in early 2020. At the time, it was reported that the fund had paid around €65 million for the former low-cost airline hub.
After Just 12 Months
The latest sale of Hahn Airport has come as a surprise to many, given that it has been sold again after just 12 months. This is in stark contrast to the usual time frame for such transactions, which can often take many years to complete.
The sale of the airport is also noteworthy for being the first time that a German investment company has acquired a former military air base. The deal will now give the Hahn Airport Logistics & Real Estate GmbH group control of the airport’s operational facilities, as well as its real estate holdings.
Buyer Unveiled
The identity of the new buyer has now been revealed. The group of investors who have acquired the airport is the Hahn Airport Logistics & Real Estate GmbH group. The group consists of a consortium of international investors, including French, German, and Swiss companies.
The group has also revealed its plans for the future of Hahn Airport. It intends to develop the airport as a regional hub for logistics and air freight, as well as a base for a range of other aviation services. The group is also keen to develop the airport’s real estate holdings, with plans to build a range of new offices and industrial properties.
Conclusion
The sale of Hahn Airport to the Hahn Airport Logistics & Real Estate GmbH group marks a significant moment for the former military air base. The acquisition of the airport by the consortium of international investors is the first time a German investment company has acquired a former military air base. Looking ahead, the group has revealed plans to develop the airport into a regional hub for logistics and air freight, as well as a range of other aviation services.
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