Auckland International Airport (AIA) will go ex dividend on 11/3/2010. The current dividend payment is 4.4 cents and it is 0% franked. The record date is 17/3/2010 and the dividend will be paid on 31/3/2010. Based on the full year payment the dividend yield is 5.5%.
*Current Yield: 3.0% Franking: 0% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.
Auckland Airport (AIA) today continued its recent move into the accommodation sector with the announcement it intends to develop and own a 125 room Formule 1 Hotel. The Formule 1 Hotel, to be operated by Accor Hospitality, will be completed in time for the Rugby World Cup 2011. Accor, one of the leading global hotel operators, will also be operating the Novotel Auckland Airport, and the Formule 1 brand offers the most affordable accommodation offering from the extensive Accor range of hotels.
Auckland Airport general manager Peter Alexander said, “We are extremely pleased to be able to announce this new development. This new Formule 1 hotel will offer budget conscious travellers simple and functional comfort at Auckland Airport. And it will beautifully complement our 4-star plus Novotel Auckland Airport, which is already well underway to also be ready in time for the world cup.” Renowned architectural firm Jasmax has been selected to design the Formule 1, and development will be project managed by RCP. Mr Alexander added, “This 2-star budget Formule 1 Hotel will be a fantastic addition to Auckland Airport. With a Formule 1 and a Novotel in our Auckland Airport accommodation portfolio, both run by a world-class operator in Accor, we will soon be able to meet two very different market segment needs, and we are determined to ensure that in time we can serve all other travellers’ short-stay accommodation requirements. If the demand is there we intend to meet it, right here in the airport grounds.”
Auckland International Airport Limited (AIA) today announced it has agreed to purchase from Westpac Bank a 24.55% stake in North Queensland Airports (NQA), the operator of Cairns and Mackay airports in Queensland, Australia for A$132.8m (approximately NZ $166m).
Auckland Airport’s chairman, Tony Frankham, said, “This is a significant milestone for Auckland Airport and for our strategy to grow beyond our core business in Auckland. This proposed acquisition opens up exciting new opportunities to strengthen and grow air services connections with Cairns as a stepping stone between New Zealand and the high-growth tourism markets of Asia, and enables us to leverage our world class expertise in the large scale movement of people and goods to grow shareholder value. As an airport operator investing in NQA, Auckland Airport will bring additional expertise. Their proposed investment is a welcome mark of confidence in the outlook for Cairns and Mackay,” Mr Zibarras said. Mr Moutter said the Cairns/Mackay investment is relatively modest (around 5%) as a proportion of Auckland Airport’s total assets. “Auckland remains our core business. It will initially be financed from existing debt facilities. Subsequently, the funding strategy is likely to involve a mixture of debt and equity consistent with Auckland Airport’s current capital structure.”
Cairns Airport is Australia’s seventh busiest airport, with approximately 3.7 million passengers in the year to 30 June 2009 (compared with Auckland Airport’s 13.0 million passengers in the same period). It is the closest international airport to Asia on Australia’s eastern seaboard and is the gateway to Tropical North Queensland, an internationally renowned tourism region boasting two World Heritage listed attractions; the Great Barrier Reef and the Wet Tropics Rainforests. Mackay Airport is an important regional domestic airport with nearly 1 million passengers in the year to 30 June 2009. The airport is the main airport servicing the Bowen Basin, an important region for natural resources, which contains one of the largest deposits of coal in the world.
Auckland International Airport (AIA) will go ex dividend on 12/10/2009. The current dividend payment is 5.24 cents and it is 0% franked. The record date is 16/10/2009 and the dividend will be paid on 23/10/2009. Based on the full year payment the dividend yield is 5.7%.
*Current Yield: 3.6% Franking: 0% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 18/9/2009. Current yield is based on the current dividend payment only.
A joint venture has today been signed between Accor Hospitality, Tainui Group Holdings and Auckland International Airport (AIA) , to develop and operate a world-class (4-star plus) 260 room Novotel hotel at Auckland Airport, to be completed in time for Rugby World Cup 2011. Tainui will act as lead developer and investor in the joint venture, with Auckland Airport holding a minority interest. The hotel will be developed on a long term ground lease granted by Auckland Airport and will be managed by Accor. The total forecast completed cost is $65million including hotel at approximately $45million. The deal remains conditional on project finance and construction tender. Novotel Auck land Airport will be designed by Warren & Mahoney Architects.
Tainui Group Holdings CEO, Mike Pohio, said, “This deal represents a significant development opportunity for Tainui that we believe will complement our existing successful hotel investments. The Airport hotel will also generate cons iderable long-term economic growth and provide many new jobs for the Auckland region. The hotel will assist Auckland and New Zealand tourism and trade. It will cater for the inevitable economic recovery and growth when it returns.” Auckland Airport general manager property, Peter Alexander said, “There has been a clear demand from the tourism industry and travellers for a hotel in the airport terminal precinct for some time. We are
exceptionally pleased to bring together such a strong group of partners, each bringing a strong track- record, sk ills and experienc e. The outcome will be a great hotel and will deliver yet another string to the bow of Auckland Airport, one of the 10 best airports in the world.”
Tainui Group Holdings (TGH) is the commercial arm of Waikato-Tainui. It has built a reputation for excellence in property development, investment and management and has a history of developing success ful hotels. TGH’s guiding principle is to lead Maori economic development. Accor, a major global group and the European leader in hotels, as well as the global leader in services to corporate clients and public institutions, operates in nearly 100 countries with 150,000 employees. It offers to its clients over 40 years of expertise in Hotels, with the Sofitel, Pullman, MGallery, etc representing 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as strategically related activities, such as Lenôtre and Services, with 30 million people in 40 countries benefiting from Accor Services products in employee and public benefits , rewards and loyalty, and expense management. Auckland Airport has been voted the 10th best in the world and the best airport in the Australia Pacific region, in the 2009 independent Skytrax World Airport awards.
