Page 32 - Annual Report 2013
P. 32
05 Our Business Units
Property Business Unit
regarding the Technical Base. increase in occupancy at an average
Buildings and Space leases overall room rate slightly lower than 2012, and has
During 2013 AIA’s Property revenues occupancy rate dropped in 2013 by 3% benefited from the leisure travellers’ increase
experienced a drop compared to the (83.4% vs. 86.4% in 2012) due to the and the Metropolitan Expo’s large scale
ones of 2012. Performance of the Airport’s downsizing of leased space by most tenants events.
Retail Park was negatively aected by the in an eort to minimise operating costs.
diminishing disposable income of the Greek Cargo business experienced a decrease,
consumers, recording a 10% drop in sales On the other hand, Metropolitan Expo yet minimal (i.e. by 2%), managing a
compared to 2012. improved its performance compared throughput of almost 75,000 tonnes,
to 2012, demonstrating resilience in the signalling a potential revival of the market in
The PBU is active in the fields of Real respective market, by realising 15 events, the forthcoming year. Namely, international
Estate Development, Airport’s Oces & totalling 88 operational days (vs. 62) while outbound freight slightly increased by
Auxilliary Space Leases, Cargo Business attracting an additional 15% of exhibitors. 0.7% being the first recovery sign since the
Development, Assets & Utilities and Facilities Hosting the 17th Congress of the European beginning of the unfavourable economic
Management. In 2013 Property Business Society of Cardiology, which with 5,000 climate, implying that the business may
experienced a downturn and managed participants proved to be the first such have reached its turnaround point. In the
to yield approximately €36.2 million in large scale event ever to be organised in continuous eort to promote cargo business
revenues, €7.8 million below previous year’s Greece, was among the highlights of 2013 interests, AIA joined the Hellenic Institute of
level mainly attributed to the termination operations. Logistics Management, while, for the fifth
of the lease agreement between Olympic consecutive year, participated in the Air
Engineering and the Airport Company Sofitel Athens Airport achieved a 10% Cargo Europe.
Property Revenues 2013 Revenue Share
42%
30%
18%
10% *Building & Communal
Cargo Property Utilities Building
Development Development & B&C* Space Leases
Property Revenues 2013-2012
€ Million 2013 2012
25
22.6
20
15.2
15
10.8 11.2
10
*Building & Communal
6.4 6.1
5 3.8 4.0
0
Building Space Leases Utilities & B&C* Property Development Cargo Development
32 / aia.gr
Property Business Unit
regarding the Technical Base. increase in occupancy at an average
Buildings and Space leases overall room rate slightly lower than 2012, and has
During 2013 AIA’s Property revenues occupancy rate dropped in 2013 by 3% benefited from the leisure travellers’ increase
experienced a drop compared to the (83.4% vs. 86.4% in 2012) due to the and the Metropolitan Expo’s large scale
ones of 2012. Performance of the Airport’s downsizing of leased space by most tenants events.
Retail Park was negatively aected by the in an eort to minimise operating costs.
diminishing disposable income of the Greek Cargo business experienced a decrease,
consumers, recording a 10% drop in sales On the other hand, Metropolitan Expo yet minimal (i.e. by 2%), managing a
compared to 2012. improved its performance compared throughput of almost 75,000 tonnes,
to 2012, demonstrating resilience in the signalling a potential revival of the market in
The PBU is active in the fields of Real respective market, by realising 15 events, the forthcoming year. Namely, international
Estate Development, Airport’s Oces & totalling 88 operational days (vs. 62) while outbound freight slightly increased by
Auxilliary Space Leases, Cargo Business attracting an additional 15% of exhibitors. 0.7% being the first recovery sign since the
Development, Assets & Utilities and Facilities Hosting the 17th Congress of the European beginning of the unfavourable economic
Management. In 2013 Property Business Society of Cardiology, which with 5,000 climate, implying that the business may
experienced a downturn and managed participants proved to be the first such have reached its turnaround point. In the
to yield approximately €36.2 million in large scale event ever to be organised in continuous eort to promote cargo business
revenues, €7.8 million below previous year’s Greece, was among the highlights of 2013 interests, AIA joined the Hellenic Institute of
level mainly attributed to the termination operations. Logistics Management, while, for the fifth
of the lease agreement between Olympic consecutive year, participated in the Air
Engineering and the Airport Company Sofitel Athens Airport achieved a 10% Cargo Europe.
Property Revenues 2013 Revenue Share
42%
30%
18%
10% *Building & Communal
Cargo Property Utilities Building
Development Development & B&C* Space Leases
Property Revenues 2013-2012
€ Million 2013 2012
25
22.6
20
15.2
15
10.8 11.2
10
*Building & Communal
6.4 6.1
5 3.8 4.0
0
Building Space Leases Utilities & B&C* Property Development Cargo Development
32 / aia.gr
