Does the deal include the South side land earmarked for development?
I think £40m is a snip considering Peel were hoping for £25m for the housing development alone!
Don't get me started on the original deal between the council's and Peel. 😡
Please bear in mind the supposed losses at the airport include loan repayments back to Peel. These should in theory if the deal is done properly be no more!
Even at a lower end guess using the quoted £5m payment for the housing development, I would estimate a possible land value in the £50m range with a maximum going by the proposed £25m Peel hoped to make at £250m!