Id like to know what Ros Jones is using as a benchmark for ‘market value’, the airport as it is or the land that can be built on? If former then with the losses it can’t be worth all that much, surely, irrespective of the sunk capital? In which case Peel will inevitably be placing unrealistic targets for the offers. More positive is that Peel have alluded (in the leaked minutes from a staff meeting at DSA) that one of the interested bidders are also interested in the wider Gateway East development, if that could be incorporated into the airport operating company the could that subsidise any losses the airport continues to make? I’m naive to the legalities of such things.
Market Value is a defined standard by RICS and would include development / hope value. Whether Ross Jones knows that I shrug my shoulders.
https://www.michaellever.co.uk/resea...cac032-320.php