Aena Adolfo Suárez is implementing the ‘immunology’ project at Madrid-Barajas Airport. The airport operator announced launched a “consultation process with the real estate and logistics sector” The statement made aims to analyze the output that will be created in the market by using a total of 280,000 square meters of logistics that is currently unused.
logistics project Adolfo Suárez Madrid-Barajas Airport is included in the CityA major long-term development, with plans to launch another for aviation activities and another for offices and hotels, in addition to the logistics part. In the logistics part, the state-owned company Active development in 2021for the purpose of starting a mixed company The land, in which Aena controlled up to 35%, and a private company provided the necessary capital for the construction of warehouses, which were then leased to third parties.
This tender Gained industry support with numerous proposals, five of which were finalists. The last five bids were made by Britain’s Segro, P3 Logistics Park (involved in Singapore sovereign fund GIC), Logicor (controlled by investment bank Goldman Sachs), Ibex-35 property company Merlin Properties and Goodman. However, as we entered 2022, the change in monetary policy and the increase in construction and financing costs prevented the project from being implemented. All five bidders resigned, bringing the logistics development back to square one.
Change in tender
According to market sources consulted by Activos, Prensa Ibérica’s economic vertical is Aena and the consulting firm Deloitte, which advised on the commissioning of the land. change in tender format. Now public-private company compared to originally planned mixed company I’d be willing to run this through a surface right to use.
This surface right meant the transfer of land to a private company for a series of years, normally around 50 years or more; this company would be responsible for the construction and subsequent rental of the warehouses and would pay Aena only an annual fee. this format will be seen in a better light by companies the person for whom the mixed company does not seem to be the best model.
At least one of the concessionaires has refused to move beyond a change in monetary policy. The difference between the weight and responsibilities each party has in the shared company. “There was a situation of sensitivity for the private partner. This was not a guarantee agreement,” they point out. However, the same sources state that this dispute will not prevent companies that withdrew from the previous competition from repeating their candidacy because this is a “major project in Spain’s main logistics hub.”
Aena sources show that They are still in the process of listening to the industry and the final project has not been determined yet. “Depending on how the market will emerge after this consultation process, Aena will evaluate the appropriate moment and next steps for the value proposition, always seeking to maximize value for the company’s public and private shareholders, the region and the different logistics operators.” They explain it in the statement. The same market sources say Aena Final specifications could be published in the first quarter of 2024.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.