One of the directors of RiverOak Strategic Partners (RSP) – the company that proposes to create an air cargo hub at the Manston Airport site.
Niall Lawlor resigned from his post on September 27. He had worked for the company since its inception in the UK in December 2016 and in its US predecessor, formerly RiverOak Investment Corp, before the UK branch bought out all rights and interests.
Mr. Lawlor’s background is in fixed income, capital markets and private equity. He has worked on commercial loan assets and opportunistic real estate investments in the US, UK and Europe.
A statement from RSP states: “Niall Lawlor has left the board of directors of RSP and its subsidiaries after serving for four years.
“We understand that he is looking for new opportunities in the United States where he and his young family have their home.
“The RSP Board of Directors would like to thank Niall for his commitment to Manston’s cause and wish him well in his future endeavors.”
It is understood that Mr Lawlor, from Connecticut, has not been to the UK since the start of the covid pandemic.
The other directors are former PlaneStation chairman Tony Freudmann, Helix Fiduciary co-founder Nick Rothwell, Swiss client relationship manager for bank Julius Baer & Co Gerhard Hüsler, Swiss financial planner Rico Seitz and specialist American real estate and stocks George Yerrall.
A development consent order granting approval for RSP’s air cargo hub at Manston Airport last July was overturned in February this year, with a new ruling now due after a re-examination of the evidence from the Planning inspection.
The action came following a legal challenge to the ruling, launched by Ramsgate resident Jenny Dawes last year, which was due to be heard by the High Court.
The background hearing was to consider whether the government followed the correct procedure in reaching the decision to approve the DCO for the landowners of the RiverOak Strategic Partners airport.
But, last December, the Department of Transport acknowledged that the letter of approval of the decision issued by the Minister of State did not contain enough details on the reasons for the approval was given against the advice of the Planning Inspectorate and said the judicial review would not be challenged.
A formal court consent order has been issued to quash the approval and the new ruling letter has yet to be released.
The site is owned by RSP after a £ 16million buyout from former owners Stone Hill Park, who had hoped to gain approval for a multi-use, business and leisure housing development.