Swiss Life Asset Managers, through its infrastructure funds, has acquired a minority stake in JFK International Airport’s New Terminal One development project located in New York, USA. The company will now invest in the construction of a 2.4 m sq foot terminal of the airport along with JLC Infrastructure and the other consortium partners.

The US$9.5 billion project involves the design and building of new parking garages, airport terminals, and substations, as well as the construction of elevated roadways, utility infrastructure improvements, airfield modifications including work within active taxiways, demolition of buildings, extensive maintenance of traffic and new terminal construction.