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Airport Property
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Singapore Changi Airport Terminal 5 takes major step forward
Master Building Consultants responsible for architectural design and engineering consultancy services have been appointed. Read More
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Retail shines as Sydney Airport realises strong return on store and F&B investment
Sydney Airport today unveiled a robust +12.7% year-on-year rise in retail revenue for 2017, easily outstripping passenger growth of +3.6%; (international +7.2%). Read More
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F&B spending trumps retail at Schiphol in 2017
Concession revenues outstrip passenger growth but average retail spend is hit by the airport's capacity crunch. Read More
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Auckland Airport buoyed by double-digit growth in retail income
Strong results from duty free, food & beverage and the Strata Lounge helped retail revenues climb by +10.2% in the first half, though passenger spend dipped as construction at the International Terminal continues. Read More
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Microsoft and other tenants strike deals to open at Zürich Airport’s The Circle complex
Lifestyle and business complex The Circle will open in late 2019 at Zürich Airport, with Microsoft, International Workplace Group and Abraxas to open regional offices there. Read More
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Coming soon: Calling for interest in the Airport Commercial Revenues Study 2018 Edition
Since its launch in 1998, The Airport Commercial Revenues Study has become an important tool in benchmarking revenue performance across sectors and by various indicators Read More
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Stockholm Arlanda meets demand for parking proximity
Passengers can walk to Terminal 5 from the P57 car park in just four minutes, with 620 new spaces created. Read More
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Dubrovnik Airport begins next phase of expansion; sharp retail growth anticipated
Dubrovnik Airport has begun a €115 million project that will expand passenger capacity and build vital new infrastructure. And the airport company says it expects retail to benefit. Read More
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Unibail-Rodamco to acquire Westfield for US$24.7 billion
“We look forward to seeing Westfield grow as part of the world’s premier owner of flagship shopping destinations". The words of Sir Frank Lowy as he steps down as Chairman of Westfield, whose portfolio includes shopping areas at several US Read More
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Swedavia sells upcoming Stockholm Arlanda hotel property to fund other airport projects
The hotel will be operated by Nordic Choice Hotels and opens in 2019. A Swedish company owned by Wenaasgruppen and O.G. Ottersland will purchase it for just over SEK1.3 billion (US$154.5 million). Read More
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Manchester Airports Group reports double-digit growth in first-half retail income
Manchester Airports Group (MAG) posted a +13.4% surge in income from retail concessions in the six months to 30 September, driven by passenger growth and recent investments. Read More
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Heathrow posts +6.4% rise in retail spend per passenger; total retail revenue up +9.6%
Retail is the star of the show as Heathrow's enhanced commercial offer delivers strong revenue (and, through ASQ, reputational) benefits for the first nine months of 2017. Read on for a full breakdown of a stellar performance. Read More
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IIAC pledges to grow Belgrade Airport non-aviation revenue in concession bid
Incheon International Airport Corporation, China's HNA and India' GMR lead the three consortia for the bid. Belgrade Nikola Tesla Airport has also approved Zurich Airport AG's solo bid. Read More
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Hong Kong International Airport calls tender for “landmark” SKYCITY retail, dining and entertainment complex
The tender is for the development and management of the 350,000sq m SKYCITY. The complex will combine experiential shopping, diverse dining options and “mega-scale” entertainment facilities and will be located next to the airport. Read More