USA. Grupo Aeroportuario del Sureste’s (ASUR) unit, ASUR US Commercial Airports, has agreed to acquire all outstanding shares of URW Airports from Westfield Development, a wholly owned subsidiary of Unibail-Rodamco-Westfield.
Under the US$295 million agreement signed on 29 July, ASUR will assume responsibility for select commercial programmes at key US airport terminals, the company said in a statement.
These include several terminals at Los Angeles International Airport, such as Terminals 1, 2, 3, 6, and Tom Bradley International Terminal (including the West gates), in addition to Chicago O’Hare Terminal 5 and New York John F. Kennedy International Terminal 8 and New Terminal One.
The move marks an important step in ASUR’s strategy to bolster its footprint in the US airport retail concessions market.
The deal is set to be completed in in the second half of 2025, subject to customary conditions precedent.
ASUR is financing the transaction through available cash and has secured additional debt financing from JPMorgan Chase Bank to ensure liquidity.
Aeropuerto de Cancún, a subsidiary of ASUR, has provided a parent guarantee to ensure compliance with the purchase agreement.
ASUR currently manages commercial operations at 26 airports across the Americas, including nine in southeastern Mexico, including Cancún, Cozumel, Huatulco, Mérida, Minatitlán, Oaxaca, Tapachula, Veracruz and Villahermosa, as well as the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. ✈
