Skanska has signed sale and purchase agreements for its 32% ownership stake in LaGuardia Gateway Partners.

As all required governmental approvals were obtained at the end of December, closing has now been achieved.

LaGuardia Gateway Partners is responsible for the private investment, development and operation of the entirely reconstructed Terminal B at LaGuardia Airport as part of a public-private partnership with the Port Authority of New York and New Jersey.

“It has been an honour to be a part of LaGuardia Airport’s Terminal B redevelopment,” said Magnus Eriksson, managing director of Skanska’s Asset Management division.

“We want to thank the Port Authority of New York and New Jersey for placing its trust in Skanska and its partners to deliver a project of this magnitude.

“From the onset, it was imperative to have the right team in place to deliver on the vision to create a world-class terminal.

“We are now very pleased that our partners Meridiam and Vantage Airport Group will fully take over and continue to deliver the future success of Terminal B.

“Skanska is incredibly grateful for the opportunity and proud at what we’ve created together, from a vision to reality.”
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