A Galway-based construction company has bought Weston Airport in Dublin in a multi-million deal.
Brian Conneely & Co Associates confirmed that it had completed the purchase of the airport, which is located between Leixlip and Celbridge, and that the deal had been in progress “for some time”.
The airport was founded as a grass strip aerodrome in 1931, with further development carried out by Jim Mansfield before going into receivership in 2011. The facility was sold to the Galway company following a lengthy tending process by Nama.
A spokesman for Brian Conneely & Co Associates said they were “delighted” with the purchase due to its “proud tradition in Irish aviation” and revealed that the company plans to develop Weston as an executive airport with a strong focus on aviation education courses and innovative aviation projects.
“The property, which comprises of more than 250 acres, has tremendous potential for development. Our concentration initially will be on supporting the existing businesses at the airport and attracting innovative enterprises and partnerships in the aviation sector with job creating potential,” said the spokesperson.
“We are keenly aware of the desire in the local community also for sports, social and community facilities and we will be examining the potential for such development in consultation with the local authorities and the local community in the coming months.”
The sale to the Conneely Group was handled through Savill’s commercial division by Jill Horan, Jonathan Preston and Mark Reynolds and is believed to stand in the region of €3.5 million.
The sale of Weston Airport is the first sale of an airport in Ireland for more than 30 years and the spokesperson said that it would “hopefully mark a turning point” in Irish aviation and a “sign of optimism” for the economy.