There’s a familiar face lurking around an up-for-grabs 9.7 per cent stake in the Melbourne and Launceston airports, where four shareholders last year tasked JPMorgan with courting bidders.
Street Talk can reveal the two-year-old Dexus Wholesale Airport Fund (or DWAF) is attempting to raise funding from high-net-worth investors to lob a bid for a slice of the two capital city airports. It already owns about 1 per cent of the assets, which it acquired for about $130 million in 2023, and wants more. The two are held jointly under Australia Pacific Airports Corporation.
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