Peel are making the news in the village. This article was raised in the pub.
No wonder they didn't win the RGF bid for DTV Airport. The FSB have been looking into Peel.
https://bdaily.co.uk/industrials/20-...uth-yorkshire/
Some of the comments.
With over £6bn of assets, Peel are one of the largest property investment companies in the UK.
The FSB has voiced its concern over Peel’s influence in South Yorkshire.
FSB Regional Chairman, Gordon Millward, commented:
“We maintain that Peel’s closure of Sheffield City Airport – and its subsequent failure to meet its over-ambitious commitments in the switch to Robin Hood Airport - has been disastrous for the economic regeneration of South Yorkshire.“
Mr Millward was scathing in his assessment of Sheffield City Council’s part in the deals.
He said: “It seems that Sheffield City Council is building an unenviable reputation of allying itself to developers who fail to deliver.“
The FSB are concerned that Peel has had undue influence over the development of commercial aviation in South Yorkshire, and that their influence has not necessarily been in the best interests of those who wish to see major economic development of the Sheffield city region.
The FSB cite the the award of a £1.8m loan to Peel to redevelop the former site of Sheffield City Airport, but the FSB have
found no evidence in their published accounts
that they have the financial assets to complete the redevelopment, except by bidding for further public subsidies.
Peel acquired the airport site - 80 acres of land - from Sheffield City Council
for £1 in 2002, five years
after the government has spent £18m of taxpayers money on the project.
"It is hardly surprising that there is a perception Peel has local governance – if not local authorities themselves – in its pocket”.
“All Peel’s companies, including Tokenhouse Investments (Guernsey) Limited and Peel Ports Holdings (Ci) Limited, which is based in the Cayman Islands, lead to Tokenhouse Limited, registered in the Isle of Man…At the helm
sits a tax exile, John Whittaker.“
Peel declined to comment on the FSB’s assertions.
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Re DTV. Why did Hugh Lang want to give DTV Airport to Peel for the small sum of £500k and wouldnt talk to other interested parties at the time of the sale????
Something just doesnt add up when the land is worth many millions. It should be the councils who bring in the police on the dubious sale of DTV to Peel.