Ninoy Aquino International Airport IPT3, Manila, The Philippines: 1997/1999
In 1997 Talbot Consultants International Inc., was retained to act as the non-aeronautical revenues consultant for a due diligence study being conducted by Sir William Halcrow & Partners Ltd. of London, England for The Deutsche Bank who are the financial advisors to The Philippines Airport Terminals Co. (PIATCo). The project involved conducting a detailed due diligence study on all revenue and cost projections for Manila's new international terminal. In 1998 Talbot Consultants was retained directly by PIATCo to conduct the detailed concession study for all retail and food & beverage components for the new terminal. The study involved site visits and analyses of the existing Manila Airport, the existing Singapore and Bangkok Airports as well as the (then) newly opened Kuala Lumpur and Hong Kong Airports. Once our financial studies were completed a series of retail design workshops was held in both The Philippines and the USA with the clients, the contractors and the architects, Skidmore Owings & Merrill (SOM) of San Francisco. Based on our financial analyses and our design input recommendations the terminal’s retail plans were significantly revised to relocate the retail and food & beverage in order to maximise sales and rents. The project is currently under construction and is due to open in 2005.