Cheltenham Borough Council and Gloucester City Council have picked Savills to sell their entire freehold interest in Gloucestershire Airport operator.
Offers over £25m are sought for the aviation hub, which sits on a 350-acre site adjacent to the M5 motorway. It has two primary tarmac runways alongside two business parks spanning 700,000 sq ft, plus planning consent for an additional 320,000 sq ft of business space on development land.
The Gloucestershire Local Enterprise Partnership, Gloucester City and Cheltenham Borough Councils have poured more than £10m of investment in the runways and associated infrastructure at the site between 2021 and 2022. These upgrades have helped to position the airport’s future as a business and aviation hub.
