Staff, 2023-01-19 00:53:49,
The bench, which is well known for organising AviaDev (www.AviationDevelop.com), the premier platform dedicated to growing connectivity to, from, and within the African continent alongside a portfolio of world-class hotel investment conferences, announced today the creation of AviaDev Real Estate, a new forum connecting African airports with real estate investors, developers and professional advisors. The forum will be supported by NACO, (Netherlands Airport Consultants), a world leading airport consultancy and engineering firm with a rich history of supporting African airport development.
Most African airports are heavily dependent on aeronautical and passenger related revenues. However, many could enhance their resilience and long-term prosperity with new revenue streams. For example, it is estimated that only 4% of African airport revenue is derived from real estate*, whereas in other parts of the world, the proportion is typically much greater. Classic airport real estate operations include leasing or selling their surrounding land for use as hotels, offices, car parks and warehouses, in addition to renting space inside terminal buildings for retail, restaurants, etc.
AviaDev Real Estate will connect the owners and operators of African airports to those with the finance, skills and contacts to develop the land and maximise its revenue potential. In turn, the airport industry, benefiting from more diverse real estate revenue streams, will become more resilient to…
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