Single Blog Title

This is a single blog caption


10th May 2024

The property developer will assume the same ownership structure as the airport, with VINCI Airports securing a 50.01% from Global Infrastructure Partners.

Edinburgh, UK – May 2, 2024 – Crosswind Developments, the property developer behind the proposed Elements Edinburgh site adjacent to Edinburgh Airport, has welcomed the deal which will see VINCI Airports (“VINCI”) secure a 50.01% stake in Edinburgh Airport for £1.27 billion.

The majority stake in the airport is to be sold by Global Infrastructure Partners (“GIP”) following the signing of a binding agreement with VINCI, the world’s leading private airport operator. The remaining 49.99% interest in Edinburgh Airport will continue to be managed by GIP upon the close of the transaction.

The deal means that Crosswind will assume the same ownership structure as the airport. Its management team and strategy will remain, with chairman Steve Dunlop and chief executive officer John Watson continuing in their respective roles.

As part of the agreement, GIP and VINCI will jointly lead investment in, and development of, Edinburgh Airport and establish a long-term strategic partnership for the airport’s future development, similar to the successful partnership established in 2019 at Gatwick Airport.

John Watson, chief executive of Crosswind Developments said: “This new partnership between GIP and VINCI is hugely welcome. It will provide a solid investment stream for the Elements Edinburgh site moving forward, as we work to deliver 3,000 new homes in the west of the city.”

Watson added: “Securing this kind of long-term backing from major investors is crucial if we are to create high-quality and sustainable communities, which meet the increasing demand for housing in Scotland’s capital.”

Edinburgh Airport is Scotland’s busiest airport and the sixth busiest airport in the United Kingdom, offering flights to more than 150 destinations across 40 airlines. The airport’s chairman Sir John Elvidge and chief executive officer Gordon Dewar will, along with other key leaders, remain in their roles.

The transaction’s completion is subject to the satisfaction of customary conditions including regulatory and competition clearances in relevant jurisdictions. The transaction is expected to close in mid-2024.


Crosswind Developments backs Boroughmuir Thistle FC under-16 squad

21st February 2024
Boroughmuir Thistle, Scotland’s largest female football club, has a new sponsor for its under-16 Elite Talent Development Environment (TDE) National performance league squad. Crosswind Developmen...
Read more

£1bn plan submitted for 3,000 homes and primary school in Edinburgh

12th February 2024
Proposals have been detailed for a new community in west Edinburgh that promises 3,000 homes, office space to support more than 4,000 jobs, shops, a school, active travel routes and a green urban park...
Read more

Former Scottish Enterprise chief succeeds Alistair Darling as chair of major Edinburgh development

6th February 2024
Crosswind Developments, the team behind a proposed development that promises 3,000 new homes in the west of Edinburgh, has appointed Steve Dunlop as its new chair. Dunlop’s appointment follows t...
Read more

We are deeply saddened to learn of the passing of our chairman, Alistair Darling.

30th November 2023
“Alistair’s legacy as the former Chancellor of the Exchequer and long-serving member of the cabinet speaks for itself. We are privileged to have spent time in his company and to have benefited fro...
Read more
Steve Dunlop Crosswinds

Crosswind Developments appoints new non-executive director as it moves to next phase of project

20th July 2021
Crosswind Developments, the company behind the development of Elements Edinburgh which would include Scotland’s first dedicated Digital Quarter, has appointed Steve Dunlop as a non-executive directo...
Read more

Major boost for Edinburgh as developer commits to invest in new Digital Quarter

18th August 2020
• New commercial and residential development using innovative green tech on 30ha brownfield site • 2,500 homes, 6,600 jobs & more than 1m sq. ft of commercial space • Net zero carbon devel...
Read more

Exciting opportunities available to join the Crosswind Development team.

17th September 2019
The Crosswind team have two exciting role opportunities available. We are seeking an experienced Project Manager and Development Director. Please follow the link for further details about each of thes...
Read more