Dufry and Lagardère Travel Retail have between them earned the major spoils in the blockbuster Spanish airports duty free tender, as the remaining Madrid and Catalonia lots head for a re-tender.
As expected, Dufry will manage and operate airports in Andalusia-Mediterranean and the Balearic Islands, while its subsidiary Canariensis assumes control of operations in the Canary Islands.
Meanwhile, Lagardère Travel Retail’s offer was enough to take the northern airports (Galicia, Asturias, Cantabria and Basque Country).
“These results demonstrate the attractiveness of the business, as well as the consolidation of the recovery of air traffic after the pandemic,” read an Aena statement. “Also noteworthy are the excellent technical proposals, whose initiatives will be implemented in airport stores to offer a top-quality service.”
Aena says the offers for the lots, which collectively account for 23 of the 27 airports up for bidding, exceed defined rents in the tender by 17%* and account for 56% of total guaranteed minimum rents in the tender.
Re-tender for Madrid and Catalonia lots
Meawhile, the Aena Board of Directors today (30 May) announced it will launch a fresh bidding round for the tax free operations at Madrid and Cataluña Airports (Barcelona-El Prat, Girona-Costa Brava and Reus), which failed to tempt interest.
The new tender will assume the same technical and financial requirements of the previous tender, confirms Aena.
The 13 operators from ten travel retailers that expressed interest in the initial stage of the tender have been invited to participate.
Aena launched the world’s largest duty free tender at the end of last year.
The concessions, running for 12 years, are valued at €18 billion over the course of the leases and cover 86 duty free points of sale, plus a large number of additional premises dedicated to other categories, in total occupying an area of 66,000sq m.
Dufry’s current contract expires on 31 October with the new concessions set to start in November.
*Calculated in terms of updated RMGAs (minimum guaranteed rents) for the 12-year period and improve the 2023 rents by 28% (current RMGA 2023 versus that offered for 2024.
For background on this story, see links below. Lead image source: Aena.