Crowngate acquires site near Heathrow's Terminal 5

Developer Crowngate has acquired a 5.4ha site near Heathrow's Terminal 5 from Gulf Air at a cost of £9 million. The site, close to Old Bath Road in Colnbrook, has planning permission for either a 350-bedroom hotel or a data centre. Gulf Air has owned the land for a number of years but instructed property adviser Rogers Chapman to sell the site as it no longer fits its long-term strategy.

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