According to the authorities, existent property advisor Savills has been appointed to marketplace the 350-acre tract successful Staverton.
Gloucester airdrome is reportedly being sold. (Image: Getty)
A 94-year-old UK airport is being sold to assistance the tract proceed to grow. The plans to merchantability Gloucester Airport which is jointly owned by Cheltenham Borough Council and Gloucester City Council were announced astatine the extremity of 2023.
The airdrome established successful 1930 has 2 superior tarmac runways and precocious navigation systems. According to the authorities, existent property advisor Savills has been appointed to marketplace the 350-acre tract successful Staverton.
Rowena Hay, person of Cheltenham Borough Council, said they are selling the airdrome arsenic they bash not person the “commercial investments” it needs, reports BBC.
Ms Hay said the tract could perchance merchantability for astir £25m.
Ms Hay continues: “There volition beryllium provisions and restrictions against improvement that could beryllium detrimental to the moving of the airdrome itself.
Real property advisor Savills has been appointed to marketplace the 350 acre tract (Image: Getty)
“That includes restricted covenants against gathering houses but also, astir of the airdrome tract sits wrong the greenbelt and determination are strict readying policies regarding that, immoderate of which are circumstantial to protecting the airport.”
The airdrome tract has been jointly tally by Gloucestershire Airport Ltd since 1993, and some councils person a 50 percent shareholding.
The Gloucestershire Airport tract presently features 2 palmy concern parks covering astir 700,000 quadrate feet, on with readying support for an further 320,000 quadrate feet of concern abstraction connected improvement land.
Invalid email
We usage your sign-up to supply contented successful ways you've consented to and to amended our knowing of you. This whitethorn see adverts from america and 3rd parties based connected our understanding. You tin unsubscribe astatine immoderate time. Read our Privacy Policy
Almost £10m was invested into the airport's runways and associated infrastructure by the Gloucestershire Local Enterprise Partnership, Gloucester City and Cheltenham Borough Councils.
Jeremy Hilton, person of Gloucester City Council, said the assembly is "fully committed" to the airport's aboriginal success.
He said: “The assembly is looking for a purchaser with an breathtaking and robust program to present aviation-based maturation astatine Staverton. The airdrome needs a superior injection to present connected its strategy and concern plan.
“We request a purchaser who shares our assurance successful the imaginable of the concern to turn and turn to stay the premier wide aviation airdrome successful the southbound west.”
He antecedently described the airdrome arsenic being “vital for the system of the county”
*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times
(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.
Please visit the Source Website that deserves the credit and responsibility for creating this content.)
2 hours ago
1
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·