Tocumen International Airport announces tender for three duty free spaces
Tocumen International Airport has announced that it will soon launch a tender process for three duty free spaces. Each of these spaces is approximately 700 square meters. Motta International and Wisa Group have held these spaces exclusively with a 10-year lease coming due in December, 2017, and the new contract will also be for 10 years.
The tender documents will be launched in the second half of January 2017. Joseph Fidanque III, General Manager of Tocumen International Airport, says the award date has yet to be decided.
“The company will be chosen according to a MAG, minimum annual guarantee,” confirms Fidanque. “An upfront amount will be required, this will be deducted from the monthly payment. This amount will be announced.”
According to Fidanque, these three blocks available are for core duty free only, including perfumes, cosmetics, cigarettes and liquor. “Later next year we will be issuing the tender documents for brand stores, electronics and food & beverage of the actual terminal T1,” he states, adding that the brands carried are especially important for many of their customers because Tocumen connects with cities in Latin America where it’s impossible to get many brands sold in duty free.”
The airport’s concessions department will be especially busy in the coming year, with T2 concessions tenders also coming up. “In the second trimester of 2017 we will be issuing the tender documents for the T2, currently under construction,” says Fidanque. “This terminal will be opened in the first semester of 2018. We have 12,000 square meters of commercial space to be filled, including duty free stores.”
In 2015 Tocumen International moved 13.4 million passengers. “This year we will have an increase of 8% and for the next five years we believe the growth will continue to be, conservatively, 6.5% per year,” says Fidanque.