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Weston airport for sale for E3m

Weston airport, which is now up for sale.

Weston airport, which is now up for sale.

WESTON airport has been put up for sale by its NAMA appointed receiver and it is thought there may be around fifteen to twenty parties which have flagged an interest in buying the North Kildare airport.

The 256 acres site is being put on the market in two lots - one the main airport and runway complex, comprising 228 acres, and the other a smaller 28 acres property including Weston Park house which has 28 stables.

Savills are handling the sale. While prospective buyers might think the site suitable for other uses such as hotels and residential development, the area is legally a green belt.

A guide price for the two lots is €3m, around a quarter of the €12m, which former owner Jim Mansfield, is thought to have paid for the property a number of years ago.

John Swarbrigg of Savills, said €2.25m is the guide price on the first lot and €750,000 on the second. He could not say what the receiver would do if the properties do not reach the price sought. “It is early days yet.” he said of the sale, which will be by private treaty.

Business has continued following the appointment of a liquidator to one of the Weston companies. Last year, the High Court appointed liquidator, Luke Charleton of Ernst & Young as liquidator to Weston, with the power to maintain employment and to borrow, a sign the company was seen as a viable going concern. Mr Charleton has also recently been appointed to run Newbridge Credit Union.

The Mansfields left the Board the board of the Weston company in May last year after NAMA appointed Kieran Wallace as receiver. Premier Aviation was then contracted to run the airport.

In October 2011, the new board sought the appointment of a provisional liquidator last on the basis the company could not pay the legal bills arising from Mr Mansfield’s planning battles with various parties, including Kildare County Council.

John McCallion, a partner in Premier Aviation, along with Alan Nee and Clane resident, John Finn, told the Leinster Leader the airport was running as a going concerns.

Mr. McCallion told the Leader then said that Weston employes around 85 full and part-time staff at the moment.

Last week, he confirmed that on Thursday,15 March, Weston will play host to eight sea and research aircraft, in connection with an international conference on sea and rescue, being run in conjunction with the Irish Coastguard services.

 

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