Biggin Hill agrees £15 million finance deal with HSBC for expansion
London’s Biggin Hill Airport has agreed a £15 million finance package with HSBC. The money will be used for further enhancements to the airport.
As well as new hangar and office space, the funds will be used for the development of a new 50-bed four star hotel.
Smith & Williamson acted as adviser to the airport, and projected managed the transaction on their behalf.
“With the support of our corporate finance advisors at Smith & Williamson, we went through a rigorous selection process to make sure we had the right partner in place to help fund the next stage in our development.” said Will Curtis, managing director, London Biggin Hill Airport. “HSBC understood our business model and were genuinely supportive of our plans, backed by a competitive and flexible package”