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Lynxs Reaches Financial Close in Bogotá, Colombia


Bogotá, Colombia, July 1, 2010 –marks the official closure of the competitive tender for the air cargo development and operating rights and upon completion and full build-out the project – Lynxs Bogotá CargoPort™ – will encompass in excess of 800,000 square feet (c. 75,000m2) of airside air cargo and ancillary facilities at BOG.

Lynxs Bogotá CargoPort™ will have direct airside access and dedicated aircraft ramp area, the first phase was delivered at lease signing and the relocation of existing airport tenants will start immediately. The design and development of these state-of-the-art air cargo facilities represents a new era of economic growth for the Colombian export sector and signals the advent of Latin America leading the way in developing highly sophisticated aviation infrastructure. Lynxs Group Partner Robert Althuis said, “this project is representative of the redevelopment and modernization of critical infrastructure in prospering emerging economies around the world, the systems and facilities designed and developed here fuel economic growth, reduce the overall impact on the environment, and greatly enhance the operating efficiencies for our air cargo tenants.”

Despite turbulent times in the air cargo sector due to the worldwide slowdown in trade, Opain and Lynxs are optimistic about the long-term prospects of the air cargo market at BOG. “Besides a vibrant export community, Bogotá has unique geographical characteristics that make it an ideal regional logistics hub. Further, Opain has a very proactive and commercially savvy airport management team and all those factors combined make the business case for this air cargo development very compelling and something we want to be part of,” said Althuis.

Lynxs Group LLC is a privately owned Austin, Texas based international real estate development company specializing in air cargo and related transportation infrastructure facilities at airports worldwide. Lynxs partners with airports worldwide to create new air cargo infrastructure, and/or redevelop existing yet outdated air cargo or related infrastructure. As a full service real estate firm with in-house development, acquisition, property management, and leasing capabilities Lynxs is a recognized leader in its sector. A highlight of previous Lynxs projects includes Houston Intercontinental Airport (IAH), Chicago O’Hare (ORD), and Anchorage (ANC). Lynxs is currently developing a new airside development at Vienna International Airport (VIE) and recently secured the rights to develop the new air cargo facilities at ORD, YYC and SNN.


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