Originally Posted by
davidjpowell
peel went on a buying spree many years ago and own a good chunk of the land around the airport. They have now got planning consents or at least allocation on most of it.
the issue I’m sure is how a purchaser funds an airport purchase when it’s value is far greater in isolation as development land.
One thing I can’t get my head around is whether there’s some kind of land use clause on the estate which stipulates must be used for aviation purposes. If this is not the case then given the amount that’s been spent to connect the land to the M18, why not?
I realise I’m naive to the legalities of such things, and I suspect that if Peel are intending to close it down then they’d only do so and not sell it on as a going concern if there wasn’t anything stopping them from a change use. Anyone on here got any idea?