Predict your next investment

FINANCIAL | Real Estate
mediacityuk.co.uk

See what CB Insights has to offer

Stage

Corporate Majority | Acquired

Total Raised

$51M

Valuation

$0000 

About MediaCityUK

MediaCityUK is a real estate investment company that offers infrastructure and property management services and is based in Manchester, England.On November 3rd, 2021, Land Securities Group acquired a majority stake in MediaCityUK at a valuation of $769.63M.

MediaCityUK Headquarter Location

Venus Building, 1 Old Park Lane, TraffordCity

Manchester, England, M41 7HA,

United Kingdom

0161 836 0020

Latest MediaCityUK News

Major Peel Ports shareholder sells stake in company

Nov 2, 2021

Julia Hatmaker Investment companies Australian Super, Global Infrastructure Partners and APG are set to buy DWS’s 37.4% stake in the Liverpool-based group, pending regulatory review. DWS was the second-largest shareholder in Peel Ports, with Peel Group maintaining a majority 37.6% stake. Expected to close in 2022, the DWS sale will see Australian Super growing its 25% stake in the company to replace DWS as the second-largest shareholder with Peel Ports. Peel Ports handles around 66m tons of cargo across seven ports and operates as the statutory harbour authority for the Port of Liverpool, Manchester Ship Canal and River Medway. In Liverpool, it operates two container terminals: the Royal Seaforth Container Terminal and Liverpool2. Mark Whitworth, chief executive officer of Peel Ports Group, expressed optimism on working with the new shareholders and thanked DWS for their involvement in the company over the past years. “The ambitious partnership between shareholders and management has been a cornerstone of the company’s success and we look forward to building on those achievements with our new like-minded shareholders APG & GIP, alongside The Peel Group and AustralianSuper,” Whitworth said. “I would like to thank DWS for their support, expertise and long-term vision that’s helped shape this highly successful business.” The new investment partners shared their enthusiasm for the deal. Patrick Kanters, managing director real assets at APG, said: “The investment in Peel Ports, on behalf of our pension fund clients, represents an attractive opportunity to gain access to a high-quality, robust infrastructure asset with promising long-term growth potential.” Michael McGhee, partner at Global Infrastructure Partners, said: “GIP has deep experience and a strong track record of investing in and driving value from landlord ports. “We regard Peel Ports as the premier landlord port company in the UK and a leader in the private ownership model for landlord ports globally,” he continued. “Peel Ports has a demonstrated track record of investing to support its customers’ businesses and of clear commercial decision making to deliver certainty to supply chain participants in the UK over many years. “We look forward to working with management to help deliver further growth as well as efficiencies to its customers and the wider UK logistics market.” Nik Kemp, AustralianSuper head of infrastructure, said: “Generating the opportunity to increase our ownership interest in Peel Ports to be the largest shareholder behind The Peel Group highlights the fund’s desire to acquire high-quality infrastructure assets as we aim to continue to grow the portfolio materially in the years ahead. “Peel Ports is a high-quality infrastructure asset that has proven to be a resilient investment and continues to contribute positively to the retirement savings of our members,” Kemp continued. “We look forward to Peel Ports leveraging its strong customer relationships, strategic locations and deep logistics management expertise to capitalise on new opportunities emerging from the favourable economic outlook and expansion of global trade.” As for DWS, head of infrastructure Hamish Mackenzie said that Peel Ports had outperformed as a flagship investment and had been a “very positive outcome for our investors”. “We are convinced that given the investment profile and sector expertise of the new shareholders, both APG and GIP will undoubtedly provide sound and robust long-term support for the ongoing growth of Peel Ports,” Mackenzie said.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

MediaCityUK Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

MediaCityUK Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.