HOUSTON, TEXAS, Nov 06 (MARKET WIRE) --
HAS Development Corporation (HASDC), an affiliate of the Houston Airport
System, and Airport Development Corporation (ADC), a Canadian airport
developer, have announced the formation of a long-term strategic
partnership with OMERS Strategic Investments (OSI), a member of the OMERS
Worldwide group of companies. The partnership operates under the brand
name of ADC & HAS AIRPORTS.
The partnership has been formed specifically to pursue airport
acquisition and operation opportunities in the growing airport
privatization market, initially in Latin America. The partnership's
long-term strategy is to deliberately expand its current focus on the
Americas to other regions of the world to become a key global airport
owner and operator.
"Globally, OSI is forging long-term alliances and partnerships on behalf
of OMERS, a Canadian pension plan and one of the largest long-term
institutional investors in the world. We are pleased and excited to have
ADC & HAS Airports as a strategic platform in the execution of our global
strategy," said Jacques Demers, CEO of OMERS Strategic Investments.
"This new partnership brings together capital, operational and
development expertise, and a strong brand name, allowing the company to
qualify for, pursue and acquire airport concessions and related
management and operating agreements on a global basis," stated Jeff
Scheferman, CEO of ADC & HAS Airports.
In July of 2009, ADC & HAS AIRPORTS in an equal joint venture with its
Brazilian partner, Andrade Gutierrez Concessoes, completed the
acquisition of the contract for the development, investment and operation
of the Juan Santamaria International Airport in San Jose, the capital
city of Costa Rica. It also owns a 45% interest in the newly awarded
20-year concession for the Daniel Oduber Quiros International Airport, in
Liberia, Costa Rica, which serves the growing tourist market in the
northwest sector of the country. In both instances, ADC & HAS AIRPORTS is
the airport operator as well as an equity investor.
About HAS Development Corporation
HAS Development Corporation is an affiliate of Houston Airport System,
operator of George Bush International Airport, Hobby Airport and
Ellington Airport, serving over 53 million passengers annually.
About Airport Development Corporation
Airport Development Corporation is a privately owned Canadian airport
developer with over 20 years successful experience in airport
privatization. It was the developer of Terminal 3 at Toronto's Pearson
International Airport and the Terminals at Budapest Airport. Currently,
in joint venture with HASDC, it is the operator and investor of Quito
International Airport.
About OMERS Strategic Investments
Operating under the OMERS Worldwide brand, OMERS Strategic Investments is
responsible for advancing OMERS global footprint on an enterprise-wide
basis within Canada and globally with like-minded institutions,
developing strategic co-investment relationships and alliances and
investing strategically in global access companies that will integrate
with and assist OMERS and its investment entities in discovering
proprietary investment opportunities.
Contacts:
ADC & HAS Airports
Jeff Scheferman
CEO
1-281-233-1699
1-281-422-2033 (FAX)
jscheferman@adchas.net
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