ABOVE: The airport has two primary tarmac runways and accommodated 66,106 aircraft movements in 2023
Gloucestershire Airport (Staverton) has been listed for sale by property advisor Savills, with the ‘strategically located’ facility attracting an estimated £25 million price tag.
Savills has been jointly appointed by Cheltenham Borough Council and Gloucester City Council to market the freehold interest in the airport, which includes 100% of the shares in the operating company, Gloucestershire Airport Limited. The intention is to find a buyer who will continue aviation operations ‘as well as deliver further growth in airport related commercial development,’ explained Savills. The news comes after the two councils announced their intention to seek new investors for the acquisition of the facility in December 2023.
Gloucestershire Airport Limited holds the long leasehold interest in the majority of the site under seven leasehold titles, along with the freehold interest in the land where the main airport access road is situated.
As the UK’s busiest GA airport – topping the CAA’s aircraft movements list in 2023 – Gloucester has its own fire station and two business parks spanning a combined 700,000sq ft. It also benefited from what it described as a ‘much-needed’ multi-million pound investment in 2021, with over 300,000 sq ft of land ‘freed up’ for development by the closure of the north-south runway.
Noting that the council has “done an excellent job over the last few years, as proven by the substantial level of air traffic last year,” Head of Leisure and Trading at Savills Ian Simpson said it was now time for “a new owner to seize this business opportunity”.
“Although both Cheltenham Borough Council and Gloucester City Council have been incredibly supportive of the airport over the years, we now enter the next chapter of Gloucestershire Airport’s story and I can’t wait for the business to fully realise its true potential with the right investor,” said Airport Managing Director Jason Ivey.
IMAGE: GLOUCESTERSHIRE AIRPORT
