Riveroak Strategic Partners (RSP) has acquired Manston Airport from Stone Hill Park (SHP) – but there are doubts over its ability to obtain planning permission to develop it as a freighter gateway.
As part of the sale, reached on Tuesday for an undisclosed sum, SHP agreed to withdraw its objection to RSP’s development consent order with the Planning Inspectorate (PINS).
Director of RSP George Yerrall said: “It has been a long process and we felt the time had come for the parties to negotiate a settlement …
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Source: The Loadstar