ASUR Completes Acquisition of URW Airports

ASUR US Commercial Airports, LLC has completed the acquisition of URW Airports, LLC, the retail developer and operator of terminals at John F. Kennedy International Airport, Los Angeles International Airport, and Chicago O’Hare International Airport, for an enterprise value of $295 million. URW Airports was formerly owned by Unibail-Rodamco-Westfield’s wholly owned subsidiary Westfield Development, Inc. The acquired entity will be called ASUR Airports, LLC.

ASUR US Commercial Airports is a subsidiary of Grupo Aeroportuario del Sureste, S.A.B. de C.V., a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. In the mainland-U.S., ASUR Airports will look to grow its network, including airport and airport terminal development initiatives.

This acquisition marks ASUR’s strategic expansion of its U.S. airport retail concessions operations, expanding its footprint and enhancing its commercial capabilities. Led by a local management team, ASUR Airports will now manage select commercial programs at key U.S. airport terminals, including Terminals 1, 2, 3, 6, and Tom Bradley International Terminal and Tom Bradley International Terminal West at Los Angeles International Airport; Terminal 5 at Chicago O’Hare International Airport; and Terminals 8 and New Terminal One at New York John F. Kennedy International Airport.