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Old 20th Nov 2017, 14:10
  #61 (permalink)  
 
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Stobart sold the distribution centre in February 2016
Why let a few facts get in the way of the speculation?
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Old 20th Nov 2017, 14:44
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Originally Posted by horatio_b
Stobart sold the distribution centre in February 2016 and is leasing it under a 20 year agreement. Value has increased by nearly £7m in past 18 months.
Maybe they sold it prematurely........
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Old 20th Nov 2017, 17:32
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The 'catalyst' comment refers to the original sale back in 2016.
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Old 20th Nov 2017, 17:40
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fjencl..
We are both wrong I`m afraid not helped by poor local newspaper reporting.
Reading several reports carefully together it is thus...
Your header "the sale would be a "catalyst" for inward investment at the airport is old news & was a statement by Stobart Group in 2016 when the logistics centre was sold by them originally.
The sale today is Stobart`s landlord selling the premises on & as is stated by them today this is not a Stobart Group sale.
A question remains tho where were the £16.925m proceeds from 2016 "invested",not it appears so much in CAX.
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Old 20th Nov 2017, 17:52
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Thanks very much for that clarification.......
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Old 20th Nov 2017, 17:57
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Looking at the plans for the new passenger terminal proposed, is it not the case that it is connected/incorporated to the distribution centre.

Interesting times maybe/not ahead.........for passenger flights.

Time will tell, how much time nobody knows.

Summer 2018 !!!!!!!
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Old 20th Nov 2017, 19:36
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is it not the case that it is connected/incorporated to the distribution centre
I thought it was alongside the distribution centre, but a separate building - not physically connected.
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Old 21st Nov 2017, 09:40
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My understanding was that it was to be incorporated into the top right corner of the existing freight distribution building. Unfortunately I can't find any drawings to back up that plan.

Amazing though when you consider the “Kerfuffle” to obtain the land against a lot of local opposition,to sell the centre off so quickly? No doubt we will hear a statement re the airport soon.
You're reading too much into it. It's just juggling money around on the balance sheet to free up cash for future investments - why have £16m of cash tied up in a warehouse, when you can sell it on, free up the cash and re-invest it somewhere else?

Stobarts signed a 20 year lease on the building after selling it, so they'll be around for a long time yet.
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Old 21st Nov 2017, 09:58
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Maybe news will be forthcoming at this event

https://www.eventbrite.co.uk/e/carli...ts-38889608867
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Old 21st Nov 2017, 12:46
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Looks like plans have changed again....

I just came across this proposal for "Eden Park":
Eden Park. A landmark North West business development

This land designated for Eden Park was originally earmarked for aircraft stands, some intended for use as part of scheduled movements, others designed for aircraft storage.

There now doesn't appear to be any sort of plan for aviation related activity at the airport. Surprise surprise
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Old 21st Nov 2017, 12:57
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Time will tell...........
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Old 21st Nov 2017, 14:33
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The diagrams showing the land available for development certainly seem to include the area where planning permission has been granted for the new terminal/Stobart Rail HQ building.
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Old 21st Nov 2017, 18:15
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I'm not aware of any plan for a new terminal other than inside the existing freight distribution building, or of a stobart rail HQ. Here is the original site plan, as approved:

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Old 21st Nov 2017, 18:22
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Here's the latest planning application from June this year:

17/0568 | Variation Of Condition 2 (Approved Documents) Of Previously Approved Permission 10/1116 To Enable The Construction Of A Stobart Rail And Terminal Facility Including Minor Changes To The Apron, Circulation Areas And Landscaping | Carlisle Airport, Irthington, Carlisle, CA6 4NW

17/0568 | Variation Of Condition 2 (Approved Documents) Of Previously Approved Permission 10/1116 To Enable The Construction Of A Stobart Rail And Terminal Facility Including Minor Changes To The Apron, Circulation Areas And Landscaping | Carlisle Ai
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Old 21st Nov 2017, 18:27
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Thanks SWBKCB, just found them. Silly me, you know the one place I didnt look for the plans? This thread!

Here's the new proposal, a standalone terminal on the other side of the freight distribution centre. All in all, this may be a good thing for the airport. The expanded industrial estate will bring in extra revenue, which will help to keep the doors open. Hopefully the tenants will generate some cargo demand too, and bring in the occasional cargo flight.

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Old 21st Nov 2017, 18:32
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But the brochure for the new Eden Park development shows the site of the terminal up for grabs, and one of the proposed layouts shows an industrial unit in the middle of the terminal apron.

There is no new terminal (more realistically Stobart HQ building) anywhere to be seen in the Eden Park bumph
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Old 21st Nov 2017, 18:35
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hedging their bets? If no-one wants the space, they'll build a terminal... eventually?
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Old 21st Nov 2017, 19:26
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I am sure the Eden Park had a date of December 2016, then the new revised Plans/details came into effect June 2017, we shall see what/if happens in the near future with any announcements/news forthcoming after the 7th December meeting.
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Old 21st Nov 2017, 20:11
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I feel sure the terminal will need more than the 90 car parking spaces that show on the above plan if it is to have enough passengers to make it viable, is there a long term car park somewhere? How many spaces do other small airports have ( Teeside?)
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Old 21st Nov 2017, 20:15
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Don't need many spaces for a couple of ATR's a day. If you look at the terminal plans, it's an office block for Stobart Rail with very basic facilities for limited pax numbers (still a step up from the current terminal...)
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