Thu, Sep 02, 2010
Increased Freight Demand Foreseen By Fraport
Frankfurt Airport (FRA) is offering an additional 66 acres of
development land at CargoCity South. Fraport AG - the owner and
manager of FRA - has issued a worldwide "Call for Expression of
Interest" inviting the logistics industry to specify its locational
and space requirements.
Planned Frankfurt CargoCity Expansion
"Airfreight is booming due to the increasing integration of the
German economy and the international division of labor. At the same
time, global supply chains are becoming increasingly complex and
requirements for efficient and expeditious cargo handling are
rising rapidly. Therefore, we want to gear our offer of sites
optimally to market demand," said Herbert Mai, Fraport's executive
board member responsible for real estate. The call for expression
of interest is amenable and transparent to meet the most diverse
demands.
Project planning for approximately 323,000 square feet of
covered space - about one third of the new development area - will
be implemented in the first phase. Fraport says the construction
sites offer maximum variability in terms of size and shape,
allowing freight facilities from 32,000 to 260,000 square feet to
be planned, explained Mai.
The new CargoCity South expansion area will be able to
accommodate logistics buildings with a total covered space of over
1 million square feet. Fraport says this area will provide
sufficient office and parking space.
"Development of Frankfurt Airport's CargoCity South is an
unparalleled success story. Without efficient logistics
infrastructure Germany's export-driven economic upswing would be
impossible. Therefore, we are optimistic that demand for logistics
space at Frankfurt Airport will further intensify," emphasized Mai.
The first third of the new cargo area will come on stream between
2013 and 2014.
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