Economy12:51 · 28m ago

Israel Airports Authority Seeks Tenant for Historic Ben Gurion Airport Office Complex

Globes
Translated & summarized from Globes by baba
The story · English

The Israel Airports Authority (IAA) has launched a public tender for the long-term lease of its former historic headquarters building at Ben Gurion Airport. The 2,356 square meter independent structure, located near Terminal 1, includes a basement, ground floor, and three upper levels, along with an adjacent parking lot.

Previously serving as the IAA's main administrative hub, the building was vacated following the authority's relocation to a new office complex at the airport. The tender is specifically targeting companies and entities with ties to the aviation industry, such as airlines, air cargo and logistics firms, airport ground services providers, aviation maintenance companies, and commercial entities operating at or for Ben Gurion Airport.

The winning bidder will secure a lease for 24 years and 11 months, with the option to sublease up to 50% of the main areas. This presents a significant advantage for logistics or airline companies requiring a physical presence close to runways and loading zones, allowing the space to be used for headquarters, offices, logistics, and administration supporting aviation activities.

The move comes amid efforts by the IAA to optimize its assets and business operations at Ben Gurion Airport, reportedly facing financial challenges. The winning bidder will be responsible for planning, renovating, and adapting the building to their needs at their own expense, as well as maintaining it throughout the lease period. The IAA will undertake its own renovation work, estimated at NIS 1.8 million, including splitting the parking lot and upgrading fire suppression systems and necessary infrastructure.

Competition in the tender will be based on the monthly lease fees per built square meter offered by the bidder to the IAA. Joint bids are also permitted, potentially combining an aviation-focused professional entity with a financial partner, under specific tender conditions.

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