Madrid launches fresh tenders

John Gallagher

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Airport authority AENA is seeking operators for stores, banks and other services at Madrid Barajas' new terminal, scheduled to open next year

Spanish airport authority AENA has announced a series of tenders for retail and commercial space at the new terminal at Madrid Barajas, due to open in early 2006. The landlord is seeking operators for 10 shops, two banks, four foreign exchange kiosks, a hair salon, a spa and two VIP suites/business centres.

One block of 9 retail outlets measuring 1,400 sq m (15,064sq ft) is designed to sell newspapers, magazines, books, CDs, DVDs and a variety of multimedia products. The contract will run for four years and AENA is to demand a minimum annual guarantee of €1.06m ($1.29m) and a variable canon of between 4% and 20%, depending on the product sold.

The other key retail outlet is a 240sq m (2,582sq ft) store offering delicatessen foodstuffs, stationery, gifts, souvenirs, newspapers, magazines and books. AENA is demanding an annual minimum guarantee of €129,200 for the five-year concession and variable canons of between 4% and 18%, again depending on the product category.

Aldeasa was appointed as anchor retailer at the new terminal at the end of 2003 and is expected to invest €20m ($24.4m) in shop design and renovation. It is expected that additional retail space will be tendered once the retailer and the airport authority reach an agreement on concession fees, after a dispute which came to light during the Aldeasa takeover battle won by Retail Airport Finance, owned jointly by Autogrill and Altadis.