Aéroports de Paris - 2019 Universal registration document
BUSINESS OVERVIEW 05
DESCRIPTION OF ACTIVITIES BY SEGMENT
by obtaining the Olympic and Paralympic Games in 2024 and hosting the media centre at Hall 3, that will be demolished and rebuilt consequently. A technical feasibility study for the development of the land reserve located on the northwest side of Paris-Le Bourget airport in the municipality of Bonneuil (approximately 30 hectares) was carried out in 2017 (creation of a business park). Half of it will be used for real estate diversification projects, and the other half will be dedicated to the airport’s aviation business. A first tranche of development and marketing, covering a first phase of 1 to 2 ha is planned for 2020. Groupe ADP has made an offer to the Territoire Paris Terre d’Envol for the purchase of land adjoining the airport zone which will enable strengthening of the development potential of the Paris-Le Bourget airport area for aviation activities. Groupe ADP, as developer of the land, co-investor and co-operator, and André Chenue SA (subsidiary of the Horus Finance group), as co-investor and co-operator, signed a construction lease, a property development contract with GSE and off-plan lease commitment for setting up an art conservation centre covering a surface area of 24,800 m 2 located in the eastern part of the Paris-Le Bourget airport. Work began in September 2018 with delivery planned for the first quarter of 2020. As developer of the airport city, Groupe ADP thus enhances its land reserves and confirms its major involvement in the development of the Paris region airport system, creating wealth and jobs for the region. In addition, development feasibility studies were carried out between 2015 and 2017 on the General Aviation airfields of Saint-Cyr-l’École and Lognes. These made it possible to propose a programme for these sites. A 9-hectare mixed activities/housing (300 dwellings) district is to be developed for St. Cyr. In order to accelerate project implementation, Groupe ADP sold three hectares to a housing operator in 2019 for the development of new housing. A 30 hectares business district is to be constructed in Lognes, after modification of aviation easements. For this last project, a partnership agreement was signed with local authorities and partners. A first development phase, consisting of a park for small- scale businesses on three hectares immediately available was the subject of discussions between operators in 2019, and should come to fruition in 2020, with ADP positioning itself as an investor (floor space: 12,000 m 2 ).
The delivery of the Roméo programme in 2018, fully invested by Groupe ADP, located at the heart of Paris-Orly airport in the cargo 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 of business premises. The cargo area is divided into nine modules and will have a direct connection to the airside areas via a corridor which remains to be built. A cross-dock with lorry docks on the landside and direct street-level access will provide access to the airside area. The park was 89% leased at the end of 2019. 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 BioC’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 d’Athis-Mons municipality. In addition to the development operations, a major operation to redesign the Orlytech office park was launched in 2013. This project consists of remodelling 19 buildings with a total surface area of 28,600 m 2 built in the 1990s to the best market standards. At end 2019, six buildings had been completely renovated. This project is accompanied by the qualitative redesign of the buildings’ surroundings (repair of public roads and street lighting, urban development, fencing, vehicle charging stations, etc.) and planning for the development of this services zone in the medium-term. Real estate business at the Paris-Le Bourget airport 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, the current occupant, to extend the lease agreement of the site for a period of 30 years from 2025. This agreement was made possible
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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