Frankfurt Airport (FRA) on Monday announced that it will be offering an additional 27 hectares (66.7 acres) of development land at its cargo hub.
FRA is the most important airfreight hub in Europe, and with the additional 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.
In the first phase of construction, project planning will be implemented for approximately 30,000 square meters of hall space, which is about one third of the new development area. The construction sites offer maximum variability in terms of size and shape, allowing freight halls from 3,000 to 25,000 square meters to be planned.
“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 new CargoCity South expansion area is as large as about 35 soccer fields and can accommodate logistics buildings with a total hall space of approximately 100,000 square meters. In addition, 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,” Mai added.
The first third of the new cargo area will come on stream between 2013 and 2014.
