Manchester Airport Group Funding Plc (LON:38LZ) has informed about the disposal of MAG Investment Assets Limited.
- The company has entered into an agreement to sell its entire shareholding in MAG Investment Assets Limited to Columbia Threadneedle Investments.
- MAG Investment Assets Limited owns non-core property portfolio situated on and around the sites of London Stansted Airports, Manchester and East Midlands.
- MAG Investment Assets Limited’s subsidiary Airport City (Manchester) Ltd, as part of the same transaction, sold a 50 per cent stake in its investment in the Airport City Manchester development, retaining a 20 per cent interest.
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