Newmark Retail’s London-based strategic travel retail team has won a contract with Fraport, the German airport operator that operates Frankfurt Airport among its airport management activities.
As commercial consultants to Frankfurt Airport, Newmark Retail’s travel retail team will work alongside the airport’s commercial team on the future development of new and existing marketplaces across its terminals to create a state-of-the-art experience for visitors, with the airport set to have a capacity of up to 75 million passengers in the coming years.
One of the first key projects Newmark will support through the relationship will focus on Frankfurt Airport’s new Terminal 3 and B Schengen marketplace.
Speaking on the announcement, which was made at TFWA 2023 in Cannes, Simon Black, Executive Managing Director and Head of Travel Retail for Newmark Retail, said: “It is an exciting time for Frankfurt Airport. The airport has a global reputation as an international aviation hub and gateway to Germany, Europe and beyond.”
“The investment in new infrastructure and marketplaces in the new Terminal 3 and B Schengen creates transformational opportunities for the airport and commercial partners alike. We look forward to working with our industry colleagues at Fraport to realise the full potential of these projects.”
Nina Kristin Gür, VP retail key account management at Fraport, said: “We have always valued our business relationship with the Newmark team, and we are delighted to embark on this journey to build our vision for Frankfurt Airport and our passengers, inspiring them through exclusivity and innovation across our marketplaces in retail and hospitality.”
Newmark Retail’s travel retail team is the largest travel retail and airport consultancy business in Europe. Operating on a global basis, it supports landlords and retailers developing their business in the travel retail sector.
For more information about Newmark Retail’s travel retail team, visit https://www.nmrk.com/offices/
