LCN Capital Partners, a private equity real estate firm, has acquired a hangar at Manchester Airport plane landing

Cliffhanger! LCN acquires a Hangar at the UK’s Manchester Airport

LCN Capital Partners, a PE real estate firm, has acquired a hangar at Manchester Airport from online retail and software giant THG. The 254,000 square foot building is located at the airport’s World Freight Terminal and is used for the storage and maintenance of aircraft.

The financial terms of the deal have not been disclosed. However, it is believed that LCN Capital paid around £21 million for the hangar. The firm has a portfolio of over 300 properties in 18 countries, and this acquisition is its first in the UK.

LCN Capital said that it plans to invest in the hangar and upgrade its facilities. The firm also said that it is open to leasing the hangar to other businesses in the aerospace industry.

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The sale of the hangar comes as THG is facing financial difficulties. The company has been struggling to meet its financial targets and has been forced to sell off assets in order to raise cash. In April, THG announced that it was planning to sell its Icon Business Park in Manchester.

The sale of the hangar is a further sign of THG’s financial troubles. However, it is also a vote of confidence in the Manchester Airport region. LCN Capital is a well-respected private equity firm, and its acquisition of the hangar is a sign that investors are still interested in the region.

The hangar is located at a strategic location near the airport’s runways. This makes it an ideal location for businesses in the aerospace industry. The hangar is also well-maintained and has a large capacity. This makes it an attractive asset for businesses that need to store or maintain aircraft.

LCN Capital’s acquisition of the hangar is a positive development for the Manchester Airport region. It is a sign that investors are still interested in the region and that there is still demand for commercial property.


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