Gloucestershire Airport for sale: guide price £25m

One of the UK’s finest and busiest General Aviation airfields, Gloucestershire Airport, is for sale. The guide price for the 376-acre site is £25m and it’s for sale through estate agent Savills.

The entire freehold of the airport is for sale which includes 100% of the shares in the operating company, Gloucestershire Airport Limited.

The airport, also known as Staverton, is owned by two local councils, Gloucester City Council and Cheltenham Borough Council. Both councils insist the airport will remain operational.

Cllr Rowena Hay, leader at Cheltenham Borough Council, said, “The airport’s significant contribution to the regional economy is well recognised, offering a great opportunity for its new owner to build on its success.

“Along with Gloucester City Council, we’ve worked hard to enhance the airport, making it the UK’s busiest ‘General Aviation’ airport in 2023.

“Now, it’s time for a new owner to drive the airport forward, ensuring growth for the business and the wider economy. We’re confident we’ll find a buyer who recognises the site’s commercial potential and can further its success.”

Cllr Jeremy Hilton, leader at Gloucester City Council, said, “We are fully committed to the future success of Gloucestershire Airport.

“With the right investor, opportunities to grow the airport business should take off.

“The council is looking for a buyer with an exciting and robust plan to deliver aviation-based growth at the airport. Our aim is to secure the long-term future of Gloucestershire Airport.

“The airport already benefits the local economy with many businesses operating out of Gloucestershire Airport, with a substantial number of them being directly related to aviation.

“The airport needs a capital injection to deliver on its strategy and business plan. We need a buyer who shares our confidence in the potential of the business to grow and grow to remain the premier general aviation airport in the Southwest.”

Key features (according to Savills)

• Overall site extending to approximately 375.84 acres (152.10 hectares)
• Two tarmac surfaced runways, helicopter landing areas and control tower
• Hangars, terminal building, fuel storage and fire station
• Meteor Business Park comprising 14 units, 34,189 sq m (368,016 sq ft)
• Permission for 30,000 sq m (322,917 sq ft) GIA of B1c, B2 and B8 accommodation
• South East Camp business park comprising 38 units, 36,830 sq m (396,447 sq ft)
• Asset management opportunities (rent reviews, lettings and unit reconfiguration)
• Further development opportunities on open land (subject to planning permission)
• Strategically located operational airport including over 65 acres of well-established, multi-let commercial space and land with additional development potential

Gloucestershire Airport