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Article from BTNews 1 FEBRUARY 2010

Coventry Airport gets new owner?

COVENTRY AIRPORT has a potential purchaser.  Closed just before Christmas due to the insolvency of the leaseholder, West Midlands International Airport Ltd, several companies were known to be considering a bid for the airport whose tenants include Air Atlantique Classic Flight and cargo airline West Atlantic.  ADP, a Swiss concern ultimately owned by a subsidiary of Westcore Properties, a leading commercial real estate and public infrastructure investment company headquartered in San Diego (USA), is now undertaking “due diligence” with a 15 March target date.  The freehold of the airport is held by Coventry City Council, whilst most of the site comes under the jurisdiction of Warwickshire Country Council. www.coventryairport.co.uk

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