Weston Airport, formerly owned by ex Citywest hotelier Jim Mansfield, is for sale with a guide price of €3 million.
Savills is selling the west county Dublin facility on behalf of statutory receiver Kieran Wallace of KPMG. It was placed into receivership by NAMA in April 2011.
James Higham, of Savills UK dedicated airport advisory team said that an airport of this size has not been openly offered to the market in Britain or Ireland for a number of years. He said that a number of aviation companies have already made enquires.
His Irish-based Savills colleague, Mark Reynolds said that the airport offers owners of corporate jets a far more economic proposition in terms of landing and storage charges “to the extent that the charges at Weston are only 10% of those charged by the DAA”.
“The facility offers a fantastic opportunity to build on the trading position of the current operation and to benefit from the significant historic expenditure which has been incurred over the last 7 years to upgrade the facility. All that is now needed is some ‘Michael O’Leary’ entrepreneurial spirit to drive the turnover of the business to new heights,” he said.
