09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate

Non Aero-nautical Revenues
Real Estate – Property Management
01-01-2009, by drs P.C. Van der Horst MSc
sr. Real Estate Developer

Content

Non Aeronautical Revenues

Airport servicelevels

Airport Real Estate – Property Management

Schiphol Real Estate

Special cases

Questions

© 2009 Airports Council International ACI GLOBAL TRAINING HUB

Non Aeronautical Revenues
Revenues AAS 2008
On average: 50% of revenues at
airports consists of Non 12%
7%

Aeronautical Revenues
55%
26%

At Amsterdam Airport Schiphol
(AAS) it is about 45% of revenues
But Non Aeronautical results
contributes more than 80% to the Operating result AAS 2008

Operating Result
4% Aviation
Real Estate contributes more than 17%
Consumers
30% to the Operating Result 32%

Real Estate

47% Aliances and
Highest office rents in the Participations

Netherlands at AAS (€ 385 /m2)


Airport Service levels

5
4
3
Service Customer
2 1: Core Business (Aviation) Airlines
2: Commercial services Passengers
1
3: Leisure services Passengers, employees,
visitors, local residents
4: Conference services Business passengers
5: Property Management/ Companies, local community
Real Estate

Airportcity



Terminal related (landside), levels 3 and 4
Shopping mall, retail, Leisure
Food and beverages
Conferences
Hotels
Terminal offices
Non terminal related (Airport area Business park), level 5
Commercial offices
Hotels
Restaurants, leisure
Parking places
Warehouses


What makes an airport area attractive as place of business?
Area Logistics (Highways, train, metro etc.)
Number of destinations of the airport
24-7 environment
Dynamic environment
Glamorous, image, PR
Reduction of travel time and costs for employees
(international companies)
High Servicelevel (carrental, shops, food & beverages etc.)



What kind of companies are interested in an airport area?
Local companies who benefit from the airport logistics
International companies
Trade representative offices
Professional associations
Regional/continental Head Quarters
Banks
Consulting / auditing companies



What do you need?
An airport (with minimal amount of destinations)
Land (in the airport area)
A cooperative community (planning, regulations, legal etc.)
A cooperative government
A sound organization (Real Estate Development knowhow)
A well supported masterplan
Adequate financial funds
Pro active general management (not just Aviation or logistic
experts)
What do you get? Income, jobs and growth!


Pitfalls creating a Businesspark at / near an Airport:
Businesspark blocks Aviation development
Businesspark causes trafic jams / congestion
Not enough cooperation from community - government and /
or fragmentated planning frameworks over several districts
Not enough funds to buy the land / develop the area
Development of the airport area causes environmental
problems

Need of a good masterplanning, support from the local
community and regional development agency



Strategy
Real Estate Options
Groundsale (quick win, limited control)
Groundlease (quick win, bit more control)
Develop and sale (ground- and developmentprofit, more control)
Develop and keep in investmentportfolio (ground- and
developmentprofit, most control)
Real Estate Objects
Hotels, conference and exhibition complexes
Industry / warehouses
Organization
Shopping malls, entertainment facilities structure depends
on these choices
Offices
Land bank


Goal:
Development of and investment in airport related real estate
and Business parks

Strategy:
Development by SRE for own investmentportfolio (90%) and
groundleases (10%)
Warehouses, commercial offices, terminal offices, hotels and
Business parks



Organization Staff
departments
Marketing
Spatial Planning
Investments Finance & Control
Legal
HR

Developer Owner Property Management
Development
management
Area development Land Commercial
Project development Buildings Technical
New concepts Fund management Administrative
ACRE Fund



SRE Property Portfolio 495.513 m²

6%

28% Offices
23% Industrial
Operating Terminal
Operating Others

43%



AREA DEVELOPMENT
Schiphol Centre mixed use
Aerospace Exchange mixed use
Cargo World cargo - logistics
ACT cargo - logistics
Elzenhof offices

Rotterdam Airport mixed use
Eindhoven Airport mixed use
Milan Malpensa Airport logistics / offices



Northwest
P3 Elzenhof
North

CargoWorld
(South)

Aerospace Exchange
(East)
CargoWorld
(Southeast)


Special Cases

Combination of aviation activities and commercial activities in
one building (not being the Terminal itself), being developed by
Pieter van der Horst (SRE).

Newport: Crewcentre (15.000 m2), Crewhotel (14.000 m2),
terminal offices (20.000 m2), luggage terminal (5.000 m2),
special concepts (2.000 m2)

GA Terminal: General Aviation Terminal (1.500 m2),
commercial offices (3.000 m2) and underground parking
space (1.500 m2)


Special Cases - Newport


Special cases - Newport
Terminal
Crew
offices
Hotel

Luggage
Crew centre
Terminal


Special Cases – GA Terminal


Last but not least

Questions?


09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (17)

Andere mochten auch

Andere mochten auch (8)

Ähnlich wie 09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate

Ähnlich wie 09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate (20)

09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate