Frode Skulbru
Partner at Modalis Infrastructure Partners Inc.- Claim this Profile
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English Native or bilingual proficiency
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Bokmål, Norwegian Native or bilingual proficiency
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Swedish Professional working proficiency
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Bio
Experience
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Modalis Infrastructure Partners Inc.
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Canada
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Aviation & Aerospace
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1 - 100 Employee
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Partner
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Oct 2014 - Present
Modalis is a strategic investment and professional services company specializing in airport privatizations, M&A and P3 advice, investments, development and operations. Adding value to international airport projects through our experience, market intelligence and global network, partnering with – and driving performance for – investors, sponsors, owners, contractors, operators and financiers to optimize returns. Providing flexible and scaleable resources with a broad range of skill sets and professional expertise which can be deployed quickly for short, medium and/or long-term assignments. Delivering real-world on-the-ground experience, providing complementary, targeted expertise and knowledge to international project teams. Offering a 360 degree view of individual projects, with insight from various and often competing perspectives.
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Member Board Of Directors
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Mar 2017 - Apr 2022
September 27, 2017 | Vancouver, BC— HFBC HOUSING FOUNDATION (HFBC), one of Vancouver’s oldest and most established non-profit housing providers, becomes Brightside Community Homes Foundation (“Brightside”) as it prepares for its next 65 years of operations.The organization’s main goal remains unchanged: to provide safe and secure homes for mature tenants, families and people with disabilities. However, Brightside places an increased emphasis on housing security and community, while looking towards sustained growth.Brightside provides nearly 1,000 homes across 26 properties in the City of Vancouver to people who struggle to meet the demands of market-rate housing and who can live independently. Two-thirds of the organization’s buildings have self-sustaining operations, and do not receive public funding. ABOUT BRIGHTSIDE COMMUNITY HOMES FOUNDATIONIn our future people of all income levels have a home within a vibrant and healthy community.Inspired by the vision and dedication of a small group of people in 1952, Housing Foundation of BC was incorporated under the Society Act of BC as a non-profit society to provide low-cost housing to Vancouver senior citizens, assisted in its mission by various levels of government.Over 60 years later, with the same mandate but a much larger community impact, including families and people with disabilities, the organization has rebranded as Brightside (Community Homes Foundation) to better reflect its mission. Brightside is a private-sector, non-profit organization that now owns and manages 27 buildings, comprising nearly 1000 units across the city of Vancouver. With assets of nearly $250 million, it is one the province’s largest housing societies.
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Vice Chair and Chair of Community Real Estate Committee
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Mar 2019 - Mar 2021
Brightside is developing four affordable housing projects, totalling 484 new homes for a total project costs of $212 million.
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Uppsala Airport AB
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Uppsala, Sweden
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Managing Director
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Apr 2011 - Oct 2014
- Completed negotiations of lease and operating agreements with the Swedish Armed Forces - Successfully guided the company through the final stages and government approval process of a required environmental permit (permit obtained November 2013) - Developed close relationship to key stakeholders, local and federal politicians related to the review of the application for the environmental permit for the airport - Raised additional development capital through the issuance of new shares in the company - Implemented management and accounting procedures resulting in tighter fiscal operations
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Vancouver Airport Services Ltd.
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Airlines and Aviation
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1 - 100 Employee
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Senior Project Director
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Mar 2005 - Dec 2010
Lead negotiating team for the development, management and financing of airport management and development contracts. Build market power of company through successfully achieving key bid stages. Sample transactions include: - Peel Airports, U.K.: Part of team that successfully negotiated and financed the purchase of 65% of Peel Airports (Liverpool, Doncaster and Tees Valley). - Nassau International Airport, The Bahamas: Successfully led team in a 2-year bid for 10-year management agreement and related commercial contracts. Navigated challenging and complex political and commercial environment. Completed negotiations, executed all contracts worth $2Million+/year and assumed operations of airport in the spring of 2007. - Midway Airport Chicago, USA: Led due diligence, commercial activity planning, capital expenses and airport parking planning for Chicago’s $2.5Bn Midway Airport project. Identified revenue opportunities and capital expansion projects that formed part of overall valuation of the airport.
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Alterra Partners Limited
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United Kingdom
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Airlines and Aviation
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Vice President, Business Development
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Aug 2001 - Jun 2004
Alterra Partners, a London based airport development firm affiliated with Bechtel Enterprises and Changi Singapore Airport. Project Development Manager and Lead Negotiator for the development, management, maintenance and financing of international airport concession contracts. Led teams and co-ordinated overall direction of a development team of internal staff and personnel from various consultants. Responsible for all phases of development projects ranging from opportunity identification, consortium creation, team building, investment justification, business planning and tender documents to financing, negotiations and contractual closing. - Curacao International Airport: Led all aspects of winning a long-term concession contract through a competitive international tender and subsequent negotiations. Over two years, mapped strategy, oversaw due diligence, managed an internal team and external team of subcontractors and partners, obtained approvals, and negotiated all aspects of the bid. Arranged debt financing and negotiated shareholder’s agreement between equity partners. Successfully obtained a 30-year concession/BOT contract worth US$40M and reduced risk to shareholders. - Board Member of Curaçao Airport Partners – the company established to develop (new terminal), finance, manage and maintain the Curaçao International Airport under a long-term concession. - Malta International Airport: Achieved Preferred Bidder status as key member and leader of team that developed proposal, evaluated the business and determined bid price for a 40% stake in MIA.
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Education
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The University of British Columbia
Bachelor of Commerce (B.Com.), Transportation and Logistics -
Lillehammer University College (HiL)
Diploma in Tourism Development, Tourism and Travel