Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business

Airside facilities on the market

Avison Young has been appointed to market Monarch Aircraft Engineering’s 280,000 sq ft property portfolio on behalf of the joint administrators, David Pike, Ben Leith & David Standish at KPMG. 

The portfolio includes strategically located airside hangars at both Birmingham Airport and London Luton Airport, along with detached office premises and warehouse accommodation. 

The Birmingham hangar comprises a state-of-the-art purpose-built maintenance, repair and overhaul (MRO) facility extending to over 145,000 sq ft and capable of accommodating up to 10 narrow body aircraft.  Completed in 2013, the flagship hangar includes an airside apron extending to just over 2 acres. 

There is also a rare opportunity to acquire hangar space at London Luton by way of three further hangar facilities extending to over 135,000 sqft, also with airside access.

Alan Ryall and Jamie Lamond from Avison Young’s national restructuring solutions team are leading the project.

Alan Ryall, said: “Perhaps unsurprisingly, the supply of hangars with airside access in the UK is heavily restricted. This portfolio coming to the open market provides an extremely rare opportunity to acquire significant airside facilities at two of the UK’s main airports. 

“Both Birmingham and London Luton Airports are experiencing periods of growth with significant capital expenditure for development either committed or planned, and we expect strong national and international interest in the portfolio as a whole and its constituent parts."

Airport unveils new airside food outlet

Franchise opens its doors in Birmingham

8th April 2019

Avison Young secures property investment brief

Experts will lead large-scale review of commercial property portfolio

19th May 2020

Peer-to-peer lenders on the move

Property sector specialists sign five-year lease

20th January 2020

Airline launches new route to Belfast City

Aer Lingus will operate up to four daily return flights from Birmingham

11th August 2020

Airport signs electric buses deal

New single-deck vehicles introduced from November

13th March 2019

Letting agent strikes gold

Commonwealth Games team will move into Brindleyplace

16th May 2019

Lead property advisor appointed

Firm will advise on regeneration of Ladywood area

24th September 2019

New appointment brings fresh perspective

Accounts division has a new senior director

12th March 2020

Office market activity rises in city

Increase comes despite impact of pandemic

23rd November 2020

Quarterly fall in corporate insolvencies

But experts say figures are disguising true picture

9th November 2020

Promotions hat-trick at finance firm

Grant Thornton creates three new directors

26th June 2019

Mazars to make move to Paradise

International accounting and advisory firm is latest to sign up

3rd September 2020

Airport backs Chinese New Year festival

More than 30,000 expected at annual showpiece

24th January 2019

£1.4 million boost for Birmingham Airport

Cash deal will support electrification of bus fleet

11th February 2019

Airport publishes its final 'master plan'

Action plan revealed after stakeholder consultation

12th June 2019