VIE talks tenant acquisition timeline for T3 project

By Faye Bartle |

Terminal 3 expansion, Vienna Airport

Tenant tenant acquisition for Vienna Airport’s Terminal 3 expansion will commence in autumn.

Vienna Airport (VIE), Host Sponsor for the 2023 TR Consumer Forum, has revealed that tenant acquisition for its 70,000-square-metre Terminal 3 expansion will commence in autumn.

Construction is scheduled to begin in mid-2023 on the Terminal 3 Southern Enlargement investment project, which had been placed on hold due to the pandemic.

Once completed and operational in 2027, the new building will bring a modern leisure and lounge area to the hub, with additional bus gates and ‘extensive space’ dedicated to retail and food and beverage (F&B) facilities.

More than 30 new outlets expected to open their doors in the new space, and a particular emphasis will be placed on Austrian retail and gastronomy brands, as well as ‘sought after’ premium international brands.

Philipp Ahrens, Senior Vice President Center Management at Vienna Airport.

Philipp Ahrens, Senior Vice President Center Management at Vienna Airport.

“The project will expand VIE’s total shopping and restaurant footprint by 50% to a total of 30,000 square metres,” said Philipp Ahrens, Senior Vice President Center Management at Vienna Airport.

“Tenant acquisition will start in autumn 2023 and should be completed by the end of 2024.

“The opening of the new south extension is planned for 2027. This will give Vienna Airport a significant upgrade in the terminal, gastronomy and retail experience.”

VIE is continuously expanding its retail and F&B portfolio.

In spring 2023, a clutch of new F&B services are set to open in the Plaza and Pier West, as well as in the arrivals hall.

The Sprüngli shop at Vienna Airport.

An artist’s impression of Figlmüller bar, offering panoramic views, which is set to open at Vienna Airport in June 2023.

The developments come on the back of an impressive traffic resurgence with 23.7 million passengers passing through Vienna Airport in 2022 – more than double the previous year and already meeting 75% of the record passenger traffic recorded in 2019, according to Flughafen Wien AG.

The growth trend is expected to continue in 2023, with 32-34 million passengers expected across the Flughafen Wien Group, with approximately 26-27 million set to be registered at Vienna Airport alone.

The Relay shop at Vienna Airport.

The Relay shop at Vienna Airport.

Net profit for 2023 is likely to rise to over €150 million (around US$158,897m) compared to 2022, says the Group, with revenue reaching about €830 million (around US$879,232m), and investments close to doubling to approximately €135 million (around US$143m), making Vienna Airport debt-free for the first time in decades.

Vienna Airport joins 2023 TR Consumer Forum as Host Sponsor

As recently announced by TRBusiness and event partner m1nd-set, Vienna Airport has confirmed high level support for the TR Consumer Forum 2023 as the event’s official Host Sponsor.

READ MORE: Vienna Airport is TR Consumer Forum Host Sponsor

“Since its debut in London in 2021, the TR Consumer Forum has developed into a landmark fixture in our calendar when it comes commercial conferences,” said Ahrens.

“The concept proved its relevance in 2022 in Limassol. The professional insights when it comes to data collection, and the analysis of it, as well as the expert discussions and industry presence, has made it a ‘must attend’ event.”

Keeping well informed of the latest consumer insights is helping the hub to keep its retail offer competitive.

“The pandemic has changed our whole world,” said Ahrens.

“The ‘new normal’ is certainly not connected anymore to the way things used to be in the past. There is a lot of change. However, without formats like the TR Consumer Forum, we may be missing out on developments that are relevant for the commercial business of airports, as well as the entire travel retail business.”

AirportCity Space business park.

Vienna Airport’s AirportCity Space business park.

The third edition of the highly acclaimed TR Consumer Forum will take place from 21-23 June at Vienna Airport’s own AirportCity Space business park.

READ MORE: TR Consumer Forum dates announced; new sustainability initiative launches

“The new Office Park 4 at Vienna Airport, as part of our Airport City development, is an ideal platform for the event format,” said Ahrens.

“Not only is it the perfect setting, with the latest technology, but it is also our most energy efficient building as well as our must innovative, since it is also home to our start-up community ‘plug&play’.

“Therefore, the features of the venue, combined with its spirit, should be very inspirational for yet another excellent conference.”

Delegates looking forward to experiencing famous Austrian hospitality are sure to be impressed with the variety of planned networking opportunities.

“Austria is full of traditions and certainly well known for hospitality, good traditional food, great beer and of course excellent vines well known in the whole of the world,” said Ahrens.

“What we have in the pipeline is certainly something that will reflect specifically on those aspects.”

To find out more about the 2023 TR Consumer Forum, please visit the dedicated website at www.travelretailconsumerforum.com. For more details of the programme, please contact [email protected]. For sponsorship opportunities, please contact either [email protected][email protected] or [email protected].

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