ADP // 2021 Universal Registration Document
PRESENTAT I ON OF THE GROUP
GROUP ACTIVITIES
1.1.4.4 Outlook Groupe ADP will confirm its position as an investor via the construction of new buildings or the acquisition of existing buildings, which may or may not be linked to the airports, in order to expand its customer offering. Thus, Groupe ADP aims to contribute to the creation or densification of its Airport Cities by increasing the value of its land through the conversion of certain industrial areas, obsolete sections of old airport areas and by the rental optimisation of other zones. The development of service offerings will make it possible to meet the expectations of current and future customers. Favouring densification will remain a constant in all the projects studied.
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In addition, Groupe ADP has the potential for rental growth with high profitability by 2030 with the end of the long-term land contracts. For real estate, this potential represents 15 contracts such as temporary occupancy authorisations and construction leases, at the end of which the opportunities for the repossession or demolition of the assets concerned are studied on a case-by case basis. At the end of 2021, no decision had been taken by Groupe ADP for 2022 or beyond to identify assets that will be taken over in the coming years.
Breakdown of real estate projects as at 31 December 2021
Surface area (in m 2 )
Platform
Product
ADP Role
Operator
Project
Opening
TOTAL PROJECTS COMMISSIONED IN 2021
57,939 4,000 17,000
CDG CDG
Diversification Aeronautical
Investor Investor
easyHotel
Hotels
2021 2021
FedEx
GSE areas
Complementary sorting building
CDG CDG
Aeronautical Diversification
Planner Investor
FedEx
2021 2021
4,939
Dahlia Offices and warehouses
32,000
ONGOING PROJECTS - BUILDING PERMIT OBTAINED OR UNDER REVIEW (DELIVERY BY 2022)
0
PROJECTS UNDER CONSTRUCTION DELIVERY (2021/2023)
50,900 10,000
CDG CDG
Aeronautical Diversification
Investor Investor
FedEx
GSE areas
2021 2022
OR5
Hotels
1,000
Messaging Company Midi station
CDG CDG
Diversification Aeronautical
Planner Investor
Activities
2023 2023
15,300 12,600
Cargo
PROJECTS UNDER STUDY (POTENTIAL DELIVERY 2022-2025)
16,000 TO 125,000
1.1.4.5 Real estate activities on the Paris-Charles de Gaulle platform The Paris-Charles de Gaulle airport’s real estate consists mainly of buildings allocated to cargo or maintenance and service and hotel activities connected with the development of the Airport City (Roissypôle). Real estate development is primarily driven by the endogenous growth of air traffic. Cargo
◆ the strengthening of the airport’s positioning as a European leader in cargo, in terms of tonnes processed, with the aim of doubling tonnage over the long-term thanks to: ◆ the reconquest of the first active front (area made up of warehouses close to the aircraft, at the border between the airside area and the landside area), by continuing the development, by Groupe ADP, of investments in new leading airside assets dedicated to cargo operators, with the delivery in 2020 of the new SC4 cargo station of 23,000 m 2 connected to the runway and which should be fully marketed in the second half of 2020. In addition, the delivery of a 32,000 m 2 sorting centre operated by DHL Aviation of which ADP became the owner and investor of the bare hull leased entirely to DHL Aviation at the end of the third quarter of 2021, the launch of studies for a freight station of nearly 13,000 m 2 (Midi project) already fully pre let and scheduled for delivery in 2023 and the takeover of full ownership of five assets at the end of the temporary occupancy authorisations,
The Paris-Charles de Gaulle Cargo City, the largest in Europe with 300 hectares dedicated to cargo, hosts 12 of the sector’s 14 leading operators in the world, and had a record occupancy rate of nearly 95% of the cargo operations area at 31 December 2021. The cargo real estate strategy for Paris-Charles de Gaulle airport is focused on two areas: ◆ supporting the growth of express cargo traffic, particularly through the continued expansion of the FedEx hub through 2048. In 2018, the Cargo business of the Paris-Charles de Gaulle Airport was marked by the signature of an amendment for the construction of materials storage areas phase 1 for 42,600 m 2 , for delivery during 2019, and the delivery of the “extension 2” project of 48,400 m 2 ;
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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 202 1
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