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The Real Estate business division develops, markets, and operates all of FMG’s property and real estate, some of which is located outside of the airport campus. Sustainable new-build concepts and city-style infrastructure form the basis for successful positioning on the market.
The most significant future project for the business division is AirSite West. Munich Airport will be carrying out numerous new construction projects on this site to the west of the airport campus in the coming years.
As a first step, underground engineering and road construction are currently the most important factors. The underground engineering work began in the area of the Nordallee in 2017. At the same time, supply and disposal routes are being laid there. The investment in these infrastructure measures, which are due for completion through 2019, stood at just under 20 million euro in 2017. From 2020, a new access and exit from the radial highway will also lead directly to the north and south areas.
The Airport Academy will move from its off-campus location to AirSite West. The new modern building with state-of-the-art equipment will also house conference rooms and catering facilities to provide for the surrounding neighborhood, on a gross floor area of approximately 14,400 square meters.
In addition to the premium- and medium-segment hotels on the airport campus, FMG is planning to build a budget hotel with 350 rooms for price-conscious guests at AirSite West. Munich Airport intends to build this hotel with internal investment and to open it at the end of 2021.
BMW has been operating a Service Center at Munich Airport on an area of about 1,300 square meters since 1993 – including a shuttle service to and from the terminals. As the level of utilization has been growing more and more and this service is profitable only in the direct vicinity of the airport, BMW decided to lease a plot of land with an area of approximately 22,000 square meters at AirSite West. The permit is already available and construction will begin in spring 2018.
The demand for living space in the region of the airport is constantly growing. At the same time, Munich Airport – in light of its social responsibility – must also safeguard the future need for personnel, which includes strategies for supporting employees in their search for accommodation. One element in these strategies is the opening of a new apartment building with high-quality fittings in the summer of 2018, which FMG as the general tenant will offer to its applicants and employees. In this way, employees with a medium level of income will be able to find an apartment for a short-term tenancy.