Frankfurt Airport Expands Cargo Hub

FRANKFURT , August 31, 2010 /PRNewswire-FirstCall/ --

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Frankfurt Airport (FRA), the most important airfreight hub in Europe , is offering an additional 27 hectares 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.

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"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 30,000 square meters of hall space - about one third of the new development area - will be implemented in the first phase. 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, explained Mai.

The new CargoCity South expansion area is as large as about 35 football fields and can accommodate logistics buildings with a total hall space of approximately 100,000 square meters. Furthermore, 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.

More information about Fraport's Call for Expression of Interest at CargoCity South is available via: http://www.cargocity.frankfurt-airport.com

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SOURCE Fraport AG