23-Feb-2012 Source: Reuben Brothers
Ed…Â Just when we sincerely hoped developers would not buy the site, while the new owners do indulge in property development, they have a significant financial commitment in the business aviation market, including London Oxford Airport and various other interests
Reuben Brothers today announced the acquisition from Andrew Davis of the London Heliport in Battersea. The acquisition, made by Reuben Brothers investment vehicle Aldersgate Investments Limited, extends the group’s existing aviation interests, including the ownership of London Oxford Airport (www.londonoxfordairport.com) which was acquired in 2007. Following substantial investment, London Oxford Airport was voted the ‘Best British Business Aviation Airport’ in 2009.
One of the Heliport’s most significant customers is the PremiAir Aviation group of companies, which are also held by Mr Davis. PremiAir and the London Heliport will continue to work together on a number of initiatives.
The London Heliport, located on the River Thames and with easy access to London’s West End and the City, represents a unique opportunity to acquire the only CAA licensed heliport in London. The London Heliport has been in continuous operation since 1959, providing essential service to the business community and emergency services, such as the Air Ambulance (HEMS) and Police Air Support units. The Heliport has an established client base and a newly developed terminal and VIP lounge offering luxurious facilities to passengers. It also benefits from an exemption to the no-fly zone during the Olympics, meaning a large number of dignitaries and other VIPs will be able to use the London Heliport as an easy access route to the 2012 Games.
London Oxford Airport to London Heliport can now be flown in just over 20 minutes. London Heliport Operating hours are 0700 to 2300 seven days a week. London Oxford Airport’s hours are 06:30 to 22:30 seven days a week, but can extend hours from 06:00 to midnight any day with the relevant permissions.
Reuben Brothers investment activities include private equity, real estate ownership and development, which are predominantly based in the United Kingdom and Europe. Businesses include shopping centres, mixed use commercial real estate, data centres, race courses, public houses, hotels and other development projects.