RiverOak Strategic Partners (RSP) can confirm that its acquisition of Manston Airport from Stone Hill Park completed this evening, Monday 9 July 2019, for a purchase price of £16.5 million.
In light of this development, RSP has submitted an updated Summary of its Case for the Development Consent Order, to the Planning Inspectorate, now that many of the issues relating to the Compulsory Acquisition of the land and, the objections to the proposals made by SHP, have fallen away. The Planning Inspectorate has published this summary on its website and it is also available on the RSP website, on the documents page.
Stone Hill Park Limited (SHP) has agreed to sell all its interests in the Manston Airport site to RiverOak Strategic Partners Limited (RSP). Contracts were exchanged yesterday (Tuesday 2 July) and completion of the purchase is expected to take place early next week.
The site is currently subject to a Development Consent Order (DCO) examination process on proposals by RSP to reopen the airport as a freight hub.
As the new owners of the site, RSP will be able to carry out survey work vital to the conclusion of the DCO examination process with…