Fraport USA, developers of airport retail concessions, is taking over management of the entire concession areas for shops, restaurants and other services at Nashville International Airport (BNA).
Fraport is a fully-owned subsidiary of Fraport AGS and since the signing of the 10-year contract last summer, Fraport USA has been preparing for the February 2019 start-up.
Dr Stefan Schulte, executive board chairman for Fraport AG, said: “We are pleased to expand Fraport USA’s concessions development and management program to Nashville Airport. Nashville is the second new concessions development to be launched by Fraport USA in less than a year.”
The agreement with the Metropolitan Nashville Airport Authority (MNAA) covers the design, construction, lease and management of concessions space throughout the airport’s four concourses in the passenger terminal. Fraport is expected to invest some 17 million dollars in the BNA concessions development during the next decade, with further investments to be made by the individual subtenants.
BNA set a record for the sixth consecutive year by maintaining its position as one of the strongest performing aviation gateways in North America, with almost 16 million passengers last year (2018). A major airport expansion will result in some 12,300 square meters of concession space for over 90 shops, restaurants, service outlets and communal areas with seating and entertainment—to be completed by 2023.
Dr Schulte said: “Our Nashville team is highly committed to developing an innovative retail concept that exemplifies the spirit of Nashville, with its rich cultural heritage and thriving music industry. We will focus on giving passengers a memorable experience with an exciting mix of the best local restaurants and brands, as well as international outlets. We look forward to many years of close partnership here where the music plays!”
Along with Nashville, Fraport USA is the developer and manager of the retail, food and beverage concession areas at a total of five airports in the United States. Including Baltimore/Washington International Airport, Cleveland International Airport, New York Kennedy Airport and Pittsburgh International Airport.
Photo credit: Fraport AG
