ADP // Universal Registration Document 2022
Presentation of the Group
Group activities
1.1.3.3.6 Real estate activities
area provides 22,000 m 2 , including 17,500 m 2 of warehouses and stores and 4,500 m 2 of office space, as well as 224 parking spaces, and strengthens the offering in business premises. The cargo area is divided into nine modules and has a direct connection to the airside areas via a corridor. A cross-dock with lorry docks on the landside and direct street-level access will provide access to the airside area. The park was fully marketed at the end of 2022. In the Tivano park in the southeast corner of the Paris-Orly Airport, the commissioning of a cold-chain logistics building (10,800 m 2 ) for the Auchan group in 2017 and the opening of an industrial and storage building (12,500 m 2 ) for Bio c’ Bon (commissioned in 2019) confirmed the strong demand from the agri-food sector. These projects will be complemented by the availability of the land currently earmarked for new business parks and retail activities for the general public. Retail space for the “Grand Frais” brand (2,000 m 2 ) also opened in the Tivano park, bringing an additional service to local residents living near the airport in the Athis-Mons municipality. The application for environmental authorisation filed in 2020 for the construction of an artisanal and industrial activities park with a surface area of 32,000 m 2 in Athis-Mons, to the south of the Orly platform, resulted, after the public inquiry process in the summer of 2021, in the issuance of the environmental authorisation order in early 2022. Following this approval, the Real Estate Department initiated development studies for the construction of this park, in which ADP plans to be an investor, by 2023-2024. This portfolio will make it possible to provide companies in the region with a new rental offering for companies seeking to grow. With regard to the northern district of the platform, the development goal is to connect the three currently separate districts of Avernaises, OrlyTech and the Orly Industrie Zone. The challenge is to have an overview and control the consolidation of this large urban fringe, with the aim of promoting diversity in the sector. This overall vision is based on better intra-platform connectivity with its territory. To do this, the objective will be to strengthen the East-West link. In this respect, the Real Estate Department has launched a study of the real estate strategy and planning of Grand Cœur d’Orly, including the Orlytech land reserve (seven hectares). Environmental assessment studies were also carried out for a project to build an 88,000 m 2 business park in Wissous in the Avernaises district, which led to the filing of the environmental on the Paris – Le Bourget platform The Paris-Le Bourget Airport is characterised by city real estate for an airport in the city, with a unique opportunity to renew and enhance an ageing real estate portfolio and high value-added land, by offering a new urban city-side front. Groupe ADP has significant areas available for development to the south of Paris-Le Bourget airport. In the southern sector of the airport, Groupe ADP, which owns 46 hectares of the Paris-Le Bourget exhibition park, reached an agreement in December 2016 with the International Air and Space Show (SIAE), the current occupant, to extend the lease agreement of the site for a period of 30 years from 2025. This agreement was made possible by obtaining the Olympic and Paralympic Games in 2024 and by hosting the media centre at Hall 3, which will be demolished and rebuilt for the event. authorisation application in early 2023. 1.1.3.3.7 Real estate activities
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on the Paris-Orly platform The objective of the Paris-Orly airport is to become an important business centre, at the heart of the leading economic area of the south Paris region, building on a development strategy for the districts and their connection with the existing and planned urban environment. The Paris-Orly airport is developing a full range of diversified assets on all its land reserves for service activities and for logistics and courier businesses, with excellent road access and proximity to the agri-food cluster at the Rungis national wholesale food market. Located between the city and the airport, the real estate developments in Orly are located in an area located in the heart of a dense centrality of an “extended metropolis”, in the sub-group of the southern crescent of Greater Paris, resolutely focused on the needs of the city and relying on a comprehensive mobility offer. The Paris-Orly platform is served by public transport (Orlyval RER B, RER C and the T7 tramway), which will be supplemented by two new Grand Paris Express lines (line 14 in 2024 and line 18 in 2027). The project to extend the T7 tramway line to Juvisy is currently being studied. As part of the South interconnection project for high speed lines, a TGV station could also be created in the longer term. The airport also has abundant free land thanks to the history of the airport and land to be recovered at the rate of the industrial reconversion of the former airport areas within the airport or on its fringes. A precursor to the vision by districts, the first to move in were a hotel centre of 35,000 m 2 , which was completed in 2016-2017, developed by AccorHotels and including a Novotel, an Ibis Budget and an extension to the existing Ibis (410 additional rooms in all). The completion of the refurbishment of the Mercure Hotel and the building of a new Ibis Styles in the Orlytech district (200 rooms) delivered in 2019, met the need for hotel development around the Paris-Orly airport. Groupe ADP is also a 50% co-investor in the Cœur d’Orly office and retail project, alongside Covivio. Designed by architect Jean Michel Wilmotte, the first office building, Askia (19,500 m 2 ), was delivered in 2015. It meets the NF-Bâtiments tertiaires HQE® “Excellent” and BREEAM “Very Good” energy efficiency standards. It is connected to the existing geothermal network used by the airport. Following the marketing of Askia, the construction of a second office building was launched in 2018 and delivered at the end of 2020 in Cœur d’Orly (Belaïa, 23,500 m 2 ). Designed by the architects of Atelier 115, it has the same certifications as the Askia building and is also connected to the airport’s geothermal energy. The Cœur d’Orly gateway, commissioned in 2017, links the South terminal of the Paris-Orly airport to the Cœur d’Orly business district. It also links with the future airport station, which should accommodate the Grand Paris subway. In addition, to the north of Cœur d’Orly, after the deconstruction of hangar HN6 finished in 2019, next to the “Pont de Rungis” station on the Grand Paris Express line (2024), 6.5 hectares were freed up, enabling Groupe ADP to envisage, after studies, an extensive project for the future. The delivery of the Roméo program in 2018, fully invested by Groupe ADP, located at the heart of Paris-Orly airport in the cargo
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AÉROPORTS DE PARIS / UNIVERSAL REGISTRATION DOCUMENT 2022
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