Invested 2004 - 2019
Ownership at entry 75%
Ownership at exit 36%
Far-sighted investment approach
Capital investment during MIRA’s tenure was centred around a major terminal re-configuration and upgrades to increase capacity. Passenger experience was also enhanced with the delivery of improvements to the airport’s retail layout and quality, reduced connection times and the introduction of state-of-the-art passenger processing facilities, including Europe’s largest security screening hall.
In addition, Brussels Airport developed a new airport business district and oversaw the delivery of world-class cargo facilities to further its position as a logistics hub.
Alongside the capital investment programme, flight route development remained a key focus. Partnering with existing and new airlines, Brussels Airport was able to offer travellers 30 per cent more destinations served by nearly 80 carriers1. This contributed to a significant increase in passenger numbers during MIRA’s investment – from 15 million in 2004 to nearly 26 million by 20182.
These changes cemented the airport’s importance to the Belgian economy. At the time of MIRA’s divestment, Brussels Airport contributed more than €3.2 billion in added economic value each year3. Today, it is one of the largest sources of employment in the country – almost 20,000 people are employed on the site and a further 50,000 jobs are generated elsewhere3.
Embedding carbon reduction initiatives
MIRA’s long-sighted investment strategy ensured that initiatives to reduce the airport’s environmental impact were embedded in building and operation design. This included the installation of solar panels on rooftops and around the airport’s perimeter, which now enable Brussels Airport to generate 2,792MWh of green energy to power its operations4.
During the period of MIRA’s investment, the airport managed to grow passenger numbers by more than 60 per cent whilst significantly reducing energy consumption and CO2 emissions. These efforts were recognised when the airport achieved the highest possible Airport Carbon Accreditation certificate – Carbon Neutral – from Airports Council International in 2018.
Extensive airport industry experience
John Bruen, Senior Managing Director
For more information about our infrastructure capabilities, please contact us.