Introduction

Gears

Around the world, airports have risen up as aerotropolisis or airport cities, hosting sizeable populations of travellers and workers and attracting businesses of every type. Airports offer connectivity, security and infrastructure, and have become important drivers of local economic development.

Airports are the new developmental nodes and many airports around the world are already regarded as thriving ‘airport cities’, including Dublin’s Airport City, Holland’s Schiphol Airport, Chicago’s O’Hare International Airport, Hong Kong International Airport and Kuala Lumpur International Airport, among others.

Here in South Africa, Airports Company South Africa SOC Limited (ACSA) has fast been developing land at the country’s nine principal airports for a multitude of purposes and interests – including hotels, a hospital, offices, logistics warehouses, manufacturing precincts, various business interests and retailers. With many more opportunities in the wings.

Transformation

Chains

Airports Company South Africa is focused on promoting transformation in all aspects of its business as well as building a culture of pride. Under Airports Company South Africa’s transformation strategy, transformation imperatives include employment equity, preferential procurement, enterprise development, economic development, job creation, social transformation and corporate social investment.

Particular attention is paid to the organisation’s transformation imperatives of employment equity and skills development. Staff capacity continues to be built by growing the pipeline of critical skills, monitoring staff satisfaction through the employee satisfaction index and further promoting employment equity through Airports Company South Africa’s dedicated EE plan.

In terms of its commercial area, Airports Company South Africa intends to make property development opportunities available through open, transparent, fair and equitable processes in support of the company’s desire to redress imbalances in the property sector, yet not deviate from the ambition of growing a sustainable property business.

Company Profile

Graph

Airports Company South Africa is the largest airports authority in South Africa and owns three international airports (OR Tambo International Airport, Cape Town International Airport and King Shaka International Airport) and six domestic airports (in George, Port Elizabeth, East London, Bloemfontein, Upington and Kimberley).

It was formed in 1993 and is co-owned by the South African Government (74,6%), the Public Investment Corporation SOC Ltd (20%), empowerment investors (4,21%) and the Staff Share Incentive Scheme (1,19%).

The Airports Company South Africa mission is to develop and manage world-class airports for the benefit of all stakeholders and is mandated to undertake all airport-related activities including acquisition, establishment, development, provision, maintenance, management, control and operation.

Opportunities

Opportunities

Airports Company South Africa from time to time issues requests for bids for commercial development opportunities at various Airports Company South Africa owned airports in South Africa.

The opportunity exists to engage with Airports Company South Africa fora one or more commercial development opportunities In one or more of the following alternatives structures:

  • Enter into a forty year land lease, and /or
  • Enter Into a development agreement where the end-user custom designs and builds with Airports Company South Africa funding the improvements and the tenant enters into a minimum 10 year triple net lease, and/or
  • Enter into a development agreement for the petrol service where the end user designs and builds, Airports Company South Africa funds the improvements and the operator enters Into a 10 year triple net lease for the rental of the Improved property, and for
  • Enter Into a development agreement for the hotel sites where the end user designs and bulks, Airports Company South Africa funds the improvements and the operator enters into a maximum 30 year triple net lease for the rental and / or management of the improved property, and / or,
  • Enter into an option agreement to exercise a land lease commencing at a future date

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News

Latest News Focus

WOMEN'S PROPERTY NETWORK ANNOUNCES WINNERS OF 2017 SA WOMEN IN PROPERTY AWARDS (SAWIPA)

At a glittering event held at the Polo Room, Inanda Club last night, the Women’s Property Network (WPN) celebrated the 2017 South African Women in Property Awards. These awards recognize women who have excelled in the sector during the course of the past year. Over 250 guests from the property industry celebrated the winners. Airports Company South Africa (ACSA) proudly sponsored the event, whilst the Royal Institution of Chartered Surveyors (RICS) sponsored the awards.

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Afrotroplis vision

Aerotropolis vision

Around the world, airports have risen up as aerotropolisis or airport cities, hosting sizeable populations of travellers and workers and attracting businesses of every type. Airports offer connectivity, security and infrastructure, and have become important drivers of local economic development.

Airports are the new developmental nodes and many airports around the world are already regarded as thriving ‘airport cities’, including Dublin’s Airport City, Holland’s Schiphol Airport, Chicago’s O’Hare International Airport, Hong Kong International Airport and Kuala Lumpur International Airport, among others.

More Info