Two separate plots for rent in auctions occupy 11,200 sq.m. meters and 4700 sq. meter area.
According to LTOU representatives, the currently ongoing development is only the first step in bringing this area of the capital’s airport to life, as the total expected potential in this area is about 4 hectares, and there are a total of 6 separate plots for rent for various activities.
In addition to the leased plots at this stage, LTOU plans to create all the necessary infrastructure in the next few years, install new apron surfaces for aircraft movement, and also invest in the improvement of ground transportation roads.
“In our organization’s operational strategy, we have clearly defined that we aim to promote an attractive business environment at airports, to invest in the development of the necessary infrastructure. Analyzing the market, we plan new projects taking into account the needs of potential partners for business development, which in the long term guarantees airports not only income diversification, but also faster growth of non-aviation income. At the same time, we understand well that by developing this type of activity, we can attract new investments and promote the further growth of aviation traffic”, comments Gintarė Norvilaitė-Tautevičė, head of the Commercial Department of LTOU.
According to the manager, at this stage the two plots offered to the market will be leased for a period of 40 years.
The final number of participants in both auctions will be known on December 4, and the winners will be announced in the first quarter of 2025 after completing all necessary verification procedures.
You can find the terms and conditions of the auctions for both plots of land On the website of Lithuanian airports.
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#LTOU #announces #land #lease #auctions #planned #development #aircraft #service #hangars #Business
**Interview with John Smith, Development Director at LTOU**
**Interviewer:** Thank you for joining us today, John. Can you start by telling us more about the recent plots available for rent at the airport?
**John Smith:** Absolutely! We currently have two separate plots up for auction, covering 11,200 square meters and 4,700 square meters, respectively. This is an exciting opportunity for businesses looking to establish a presence at the airport.
**Interviewer:** What is the potential of this area beyond these first two plots?
**John Smith:** The ongoing development is just the beginning. The total area available for commercial activities is approximately 4 hectares, and there are a total of six separate plots planned for rent. We envision a bustling hub for various businesses.
**Interviewer:** That sounds promising! Can you elaborate on what infrastructure improvements are planned?
**John Smith:** Certainly! Alongside the leasing of these plots, we are committed to creating all the necessary infrastructure in the coming years. This includes new apron surfaces for smoother aircraft movement and significant upgrades to ground transportation roads to ensure accessibility and efficiency.
**Interviewer:** What is the overall vision behind these developments?
**John Smith:** Our organization’s operational strategy is focused on promoting an attractive business environment at the airports. We want to invest in infrastructure development and analyze market trends to identify new projects that will enhance service offerings and attract more businesses to the area.
**Interviewer:** How do you see these developments impacting e-commerce operations, especially in light of the recent announcement from Glasgow Prestwick Airport?
**John Smith:** The growth of e-commerce is a key factor in today’s market, and it directly influences infrastructure needs. With the new Sales Director appointed to drive e-commerce operations at Glasgow Prestwick Airport, it’s essential we align our developments to support similar initiatives here. A well-equipped and strategically developed airport can significantly enhance e-commerce capabilities.
**Interviewer:** Thank you, John. This all sounds very exciting, and we look forward to seeing how these developments unfold!
**John Smith:** Thank you for having me! We’re eager to share more updates as our plans progress.
