I think Peel will spend some of that profit on DTVA if it will generate more profit for them.
Peels approach at LPL shows that airport development and property development are not mutually exclusive, but actually complementary.
Sheffield City shows what happens when the airport side doesn't work (and with the largest A/C type being Fk.50 size - it was always unlikely)
A bit of context may be needed though. Some may say that Peel had always planned to offload a majority stake in its airports division
at the right time. Lowcost, high volume worked at LPL to great effect, however look at what is happening now; the two main sources for growth are scaling back at LPL for the larger airport 30 miles down the motorway. Sustainable growth? I'm under the impression however, that development land at both DSA and LPL remains under the sole ownership of Peel Holdings.
Some may also say that Sheffield City wasn't going to work once fire cover was reduced as soon as the new owners took over. These very same owners who, it must be remembered, had big plans for a former RAF base not far up the motorway, so you cannot blame
them. Of course Sheffield City would make a better business park in any property developers $eyes$.
IMO, the biggest short term threat for MME is the decision not to award funding for the 'Southside Development'. Its interesting that the Pax Tax is still in existance, despite the people who imposed this charge have since offloaded the place. Will Peel Investments make a u-turn in a ploy to entice the likes of Ryanair to return?