BAA keeps roof on with mortgages at Stansted
suit hard of hearing.
Stansted airport, many of which it is planning to demolish to make way for a planned
that BAA has taken out mortgages with Royal Bank of Scotland on properties including
Rose Cottage in Bambers Green and 2 Chestnut Way, Takeley.
Ltd – the parent company for Stansted and Heathrow airports. Some houses have
been re-let via agents Strutt & Parker.
Stansted, where operating profits dived from £81m to £27m last year as passengers
said: “It smacks of desperation when BAA even has to mortgage the very houses
it has bought in connection with its second runway plans.
committed to a £3bn second runway when it is already mortgaged right up to the
hilt. It’s a case of Walter Mitty pretending to be Paul Getty.”
the public inquiry for which has been repeatedly delayed.
just part of the securitisation on all our assets,” he said. “It’s simply the
way we are financed.”
it’s not surprising that the bank wants security over everything.”