DAA is “not the highest bidder” for the 260 acres of land situated between the runways at Dublin Airport that were recently put up for sale, according to the Sunday Business Post
One source close to the deal told the Business Post that DAA is now “not in contention” to buy the land, given other bids, while another source said the airport operator is “neither in nor out” at this stage but that its bid was not the highest.
The airport operator had previously speculated that it would be the only bidder for the 260-acre site, which could be worth as much as €210 million and would have strategic importance for a future third terminal or other developments at the airport. Kenny Jacobs, the DAA chief executive, said earlier this summer that it had no immediate plans for the land and may be the only bidder, but warned he would not pay “crazy prices”.
A source has said negotiations are ongoing over the sale of the land bank, with a number of parties still interested in the purchase of the site, and that some of the initial bids were “well in excess” of the asking price.
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