ASUR subsidiary to operate retail programmes at major US hubs

Grupo Aeroportuario del Sureste (ASUR) has announced that subsidiary ASUR US Commercial Airports has completed the acquisition of retail developer URW Airports for $295 million.

URW has operations in five terminals across Los Angeles International Airport (LAX) as well as in Terminals 8 and New Terminal One at John F Kennedy International Airport (JFK) and Terminal 5 at Chicago O’Hare International Airport (ORD).

The purchase was completed with ASUR US Commercial Airports acquiring all of the issued and outstanding equity interest of URW Airports from Unibail-Rodamco-Westfield’s wholly-owned subsidiary Westfield Development, Inc.

The acquired entity will be called ASUR Airports and has announced its intention to grow its network, including airport and airport terminal development initiatives in the US mainland.

It says: “This acquisition marks ASUR’s strategic expansion of its US airport retail concessions operations, expanding its footprint and enhancing its commercial capabilities”.

ASUR is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas.