This article is more than 2 years old

This article is more than 2 years old

The Spanish infrastructure firm that manages Heathrow and owns 25% of the airport is to relocate its international head office from the UK to Amsterdam as a result of Brexit.



“The reason for the move is to maintain these holdings under the umbrella of the EU’s legislation,” said a spokesman for Ferrovial, which also owns Aberdeen, Glasgow and Southampton airports.

The company runs four international businesses – airports, construction, infrastructure and toll roads – from Oxford. It also operates in the US, Canada and Poland.

Car industry leaders blame Brexit for UK collapse in investment | Philip Inman Read more

Its spokesman said the move of the international holdings to the Netherlands was under way.

The announcement comes just a day after MPs approved the construction of a third runway at Heathrow. The project has an estimated cost of £14bn.



Last week, the aerospace firm Airbus warned it could halt investment in the UK if the country leaves the European Union without a deal. The German carmaker BMW has also said it could be forced to halt production of Minis and Rolls-Royces .

Several financial businesses have warned they may be forced to move some activities out of Britain to other EU countries because of Brexit. Bank of America Merrill Lynch said on Tuesday it was sending three senior executives to work in Paris, with more to follow, as part of its Brexit preparations.

