On 21 December 2010, the A$69 billion (£44 billion) Future Fund, a sovereign wealth fund established by the Australian government in 2006, agreed to purchase a 17.2% stake in Gatwick Airport from GIP for £145 million.
This transaction completed GIP's syndication process for the airport, reducing its stake to 42% (although the firm's extra voting rights mean it still controls the airport's board).
The sales were part of GIP's strategy to syndicate the equity portion of the original acquisition by issuing bonds to refinance bank debt.
Although this entails bringing additional investors into the airport, GIP aims to retain management control.
Scheduled air services from the new terminal began the following year.