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Investor plans cargo hub in Teesside air­port deal

Brit­ish investor Michael Flacks has said he is in talks to acquire a 49 percent stake in North East Eng­land’s Teesside Inter­na­tional Air­port as part of plans for invest­ment in the region. The air­port was nation­al­ised in 2019 by Tees Val­ley’s Con­ser­vat­ive mayor, Lord Ben Houchen, under a flag­ship and

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Tycoon eyes “unloved and unwanted” investments

A Manchester-born entrepreneur, who started his commercial life in the city’s clothing industry before going on to become a successful turnaround investor on the world stage, has told Insider how he is eyeing opportunities in the North West and wider UK. Michael Flacks, who grew up in Cheetham Hill and maintains a

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Flacks Group Acquires 500-Acre Brownfield Site from Elementis

Flacks Group, the Miami headquartered investment firm led by Michael Flacks has entered into an agreement with Elementis for the acquisition of the 500-acre Brownfield site, next to Teesside airport, in the United Kingdom, scheduled to complete in Q3 2024. Flacks Group is developing a plan for the site which

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