– Investcorp Capital, based in Abu Dhabi, plans a $4.2 billion investment in the redevelopment of JFK Airport’s Terminal 6.
– The investment is facilitated through a partnership with Corsair Capital, known as Investcorp Corsair Infrastructure Partners, with Vantage Airport Group leading the project.
– Terminal 6 redevelopment aims to replace the current Terminal 7, with construction progressing in two phases, targeting completion by 2025 and late 2027 respectively.
Investcorp Capital, headquartered in Abu Dhabi, is set to invest $4.2 billion in the redevelopment of New York’s JFK International Airport’s Terminal 6.
This investment will be facilitated through Investcorp Group’s partnership with Corsair Capital – Investcorp Corsair Infrastructure Partners, the lead financial sponsor of the project.
Vantage Airport Group, a wholly-owned airports platform of Corsair Capital, will serve as the developer, operator, and manager of the new terminal.
The redevelopment initiative aims to replace the existing Terminal 7 and will be executed in two phases. Phase I, currently underway, is expected to conclude by 2025, while Phase II is scheduled for completion by late 2027.
Although the precise value of the investment remains undisclosed, Investcorp Capital emphasizes its commitment to incorporating infrastructure into its portfolio of asset classes.
Hazem Ben-Gacem, Vice Chairman and Non-Executive Director of Investcorp Capital regards this investment as a strategic move aligning with the firm’s new strategy, emphasizing its dedication to providing high-quality infrastructure investment opportunities to its investors.
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