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09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate
 

09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate

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Aiport Real Estate, non aeronautical revenues, Training module about Real Estate development at aiports

Aiport Real Estate, non aeronautical revenues, Training module about Real Estate development at aiports

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    09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate 09 09 01 Aci Non Aeronautical Revenues, Airport Real Estate Presentation Transcript

    • 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) © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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.) © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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! © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Airport Real Estate – Property Management 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Schiphol Real Estate 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Schiphol Real Estate 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Schiphol Real Estate SRE Property Portfolio 495.513 m² 6% 28% Offices 23% Industrial Operating Terminal Operating Others 43% © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Schiphol Real Estate 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 © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Schiphol Real Estate Northwest P3 Elzenhof North CargoWorld (South) Aerospace Exchange (East) CargoWorld (Southeast) © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • 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) © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Special Cases - Newport © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Special cases - Newport Terminal Crew offices Hotel Luggage Crew centre Terminal © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Special Cases – GA Terminal © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Special Cases – GA Terminal © 2009 Airports Council International ACI GLOBAL TRAINING HUB
    • Last but not least Questions? © 2009 Airports Council International ACI GLOBAL TRAINING HUB