The McEvaddy brothers and other property owners are to sell 260 acres of land between runways considered central to the airport’s future
The vendors say the lands are “essential” to the airport’s development. Still, the DAA said the priority should be on new transport links with existing terminals rather than “speculative projects” on the other side of the campus “that aren’t required in the medium term and are devoid of transport links and other necessary airport services”.
They and the other owners now expect a high valuation on lands currently in agricultural use but zoned for airport use. The fact that the land could be compulsorily acquired for airport purposes was a further barrier to an exceptionally high price, the sources added. “This provides an exceptional development opportunity as there are no lands of similar zoning and location which are potentially designated for the short and medium-term development for one of Europe’s busiest and most well-connected airports.”
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