Airports authority says it has made offer to ‘reduce uncertainty faced by residents wishing to sell properties’
BAA has offered to buy 700 homes under threat from Heathrow's third runway.
Residents have raised concerns about being able to sell their properites as a result of the proposals for the runway.
BAA has now offered to purchase properties within the area in its Property Market Support Bond scheme to “reduce the uncertainty faced by residents wishing to sell their property”. Is says this offer is “subject to eligibility”, will be open to for 12 months and will include legal and removal costs.
It was also reported today that BAA has sold Gatwick airport to US investment fund Global Infrastructure Partners, the owner of City Airport, for £1.51bn.