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21.08.2001 – 10:34

Fraport AG

Fraport AG and ECE Cooperation: New "Airport Retail Solutions GmbH" Combines Expertise of Both Market Leaders

Frankfurt, Germany (ots)

Fraport AG Frankfurt Airport Services
Worldwide, Germany's leading airport manager, and ECE, Europe's
leading shopping center specialist, have formed a new joint-venture
company aimed at further developing the attractiveness of shopping,
gastronomy and services offered at Frankfurt Airport (FRA). Based in
Frankfurt am Main, Germany, the new Airport Retail Solutions GmbH
(ars) joint venture will also offer its services to optimize the
so-called non-aviation revenues of other airports.
Founded at the beginning of August, Airport Retail Solutions GmbH
is headed by managing directors Frank Rappl (age 35) of Fraport AG
and Ralph Middecke (age 40) of ECE.  The joint venture has already
developed a master plan for FRA, which includes two projects
scheduled for completion by the end of 2003.   As an initial step,
two new retail areas costing a total of about DM50 million will be
constructed at Terminals 1 and 2.  Thus, additional space will then
be available for the airport's popular  "Frankfurt Duty Free" and
"Travel Value" shops.
Owned and managed by Fraport AG, Frankfurt Airport is the second
largest airport in Europe with almost 50 million passengers in 2000;
it ranks seventh in the world (ACI figures).  To strengthen its
competitive position further, Fraport AG will be expanding FRA's
retailing space 60 percent by 2007. As Europe's largest air cargo hub
and the most important airport partner of Lufthansa and its Star
Alliance, Frankfurt Airport is pursuing a consistent globalization
strategy.
For over 35 years, ECE has been developing, completing, leasing
and managing large commercial real estate projects. With 61 shopping
centers under its management, ECE is Europe's market leader. These 61
shopping centers feature about 5,100 stores, offering 1.5 million
square meters of total sales space and generating an turnover of
DM14,000 million annually.
ECE is planning or constructing another 13 shopping centers.  The
company has gained extensive expertise in retailing and services for
high-frequency real estate complexes as a result of its comprehensive
modernization of central railway stations -- which include major
shopping centers -- in Cologne, Hanover and Leipzig, Germany.
Bernd L. Struck, Chairman of the Supervisory Board of Airport
Retail Solutions GmbH and General Manager of Fraport AG, stressed the
importance of creating ARS: "This joint venture between two market
leaders will sustain and support our goal of further developing
non-aviation revenues."
ots Original Text Service: Fraport AG
Internet: www.presseportal.de
For more information, please contact:
Fraport AG Frankfurt Airport Services Worldwide
Attn:  Robert A. Payne - Manager International Press
60547 Frankfurt am Main, Germany
Tel.: +49 69 690 -78547 (with voice mailbox) 
Fax:  +49 69 690 -60548 
E-Mail:  r.payne@fraport.de 
Internet:  www.fraport.de (click on  "Press Lounge")

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