Up to now, the company had not exploited this possible business line (property services generated 45,5 million euros of revenues in the nine months to September, just 1.5% of total revenues. The progressive sale of these lands should provide substantial capital gains and/or rental revenues in a favourable real estate cycle.
Aena could be considering setting up a subsidiary to focus on and manage this business. The Ibex 35 company currently has a portfolio of property assets covering a total of 300 hectares, from which it obtains annual revenues of approximately 53 million euros.
Taking advantage of this plan, Aena will also look at the possibility of transferring its headquarters to Madrid’s airport (Adolfo Suárez Barajas). Apart from plans to build offices and hotels, the company would also consider completing its range of services, with work areas for travellers with a more executive profile, or new hangars and warehouses.
Finally, the analysis which the Public Works minister, Íñigo de la Serna, has authorised in Aena’s case is in line with that exisiting in the main European airports.