Asur to acquire URW’s retail concessions assets for $295M

Grupo Aeroportuario del Sureste and Unibail-Rodamco-Westfield announced that ASUR’s (ASR) subsidiary ASUR US Commercial Airports, LLC entered int a purchase agreement with URW’s wholly-owned subsidiary Westfield Development, Inc. to acquire all of the issued and outstanding equity interest of URW Airports, LLC for an enterprise value of $295M. The acquired business manages select commercial programs at U.S. airports, 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 John F. Kennedy International Airport. The acquisition represents ASUR’s strategic expansion into the U.S. airport retail concessions market. The closing of the transaction, which is expected to occur during the second half of 2025, is subject to customary conditions precedent.