Market Leads & Opportunities
Work starts on multimillion-pound airport scheme
Work has started on a multimillion-pound commercial property development near Bournemouth Airport.Stoford has secured forward funding from Global Gate Capital for a 160,000 sq ft unit, including 45,000 sq ft of offices and a 115,000 sq ft production unit, on a 10.64-acre site.Planning was approved by Christchurch Borough Council last year after proposals were submitted by Stoford and land owner MAG Property, the property and development arm of Manchester Airports Group (MAG), which owns and operates Bournemouth Airport.The forward funding arrangements for the project have been completed alongside the simultaneous acquisition of a nine-acre site from MAG.
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