Aéroports de Paris - 2019 Universal registration document
BUSINESS OVERVIEW 05
DESCRIPTION OF ACTIVITIES BY SEGMENT
Breakdown of real estate projects as at 31 December 2019
Surface area (in m 2 )
Airport
Segment
ADP Role
Operator
Project Opening
CDG CDG CDG ORY ORY CDG ORY ORY LBG ORY CDG
Diversification Aeronautical Aeronautical Diversification Diversification Diversification Diversification Diversification Diversification Diversification Aeronautical
Investor
Innside FEDEX FEDEX
Hotels
2019 11,400
Developer
Extension 2019 48,400
Investor
GSE areas
2019 43,407
Developer Developer Developer Developer Developer
Grand frais Bio C bon
Warehouse 2019 2,000 Warehouse 2019 12,500
Moxxy
Hotels Hotels Divers
2019 7,900 2019 5,836
Ibis styles
Loxam
2019
500
TOTAL PROJECTS COMMISSIONED AT THE END OF THE FOURTH QUARTER OF 2019
131,943
Investor Investor Investor
HEKA Chenue
Art facility 2020 24,800 Offices 2020 23,500
B2 Belaïa
SC4
Offices and warehouses 2020 22,900
Offices
71,200
Ongoing projects Total ongoing projects – building permit obtained or under instruction (delivery by 2020)
0
Real estate activity at the Paris-Charles de Gaulle airport 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 Cargo City of Paris-Charles de Gaulle, 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 94% of the cargo operating area at 31 December 2019. 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. 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 ; ◆ 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 return to ownership of the assets located on the front line (zone comprising the warehouses closest to the aircraft, at the border between airside and landside zones) with Groupe ADP’s continued development of investments in new leading assets dedicated to cargo operators, with the launch in 2018 of a new 22,900 m 2 SC4 cargo station connected to the runways and already marketed at 70% as of 31 December 2019; In addition, studies were launched for three cargo stations of 23,400 m 2 (Dahlia project), 28,000 m 2 (Mono project) and 12,100 m 2 (Midi project) and the full ownership of others at the term of the BAC (ground lease) and AOT (temporary occupancy) contracts. This is the case when there is immediate value for the tenant to have visibility on the rental commitment and plan for the long term. During 2019, a memorandum was signed with Chronopost to enable Groupe ADP to purchase warehousing premises (17,000 m 2 ) located on the Paris-Charles de Gaulle airport following the end of the AOT in 2021, ◆ renovation and increased density of Cargo City and optimisation of the operating processes, including a vast programme staggered up to 2021, to renovate the roads comprising the main access and circulation roads within Cargo City and improving lighting by replacing lights by new LED lighting.
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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