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.

FMI: www.cargocity.frankfurt-airport.com