Portfolio

Athens International Airport Limited (AIA) is embarking on a € 1 billion expansion project, which will the larger scale expansion of the existing passenger terminal and airfield infrastructure. Arup is part of the design team tasked with preparing the outline design for this important and complex project.

Kognitive supported due diligence for a UK airport portfolio acquisition, providing cost benchmarking, ROM capital estimates, and lifecycle cost inputs. Our analysis identified cost-saving opportunities and practical alternatives to optimise investment strategies.

Kognitive is supporting Luton Rising’s £3 billion airport expansion as cost and commercial advisor. Our role includes updating cost plans to Q2 2025 pricing, developing phased investment strategies, and digitising cost data into interactive dashboards for real-time cashflow analysis and scenario modelling—driving informed decisions from pre-construction through implementation.

Kognitive conducted a comprehensive cost review for an airport expansion refinancing over €2 billion. We assessed ongoing works, identified cost escalation risks, and confirmed budget sufficiency—providing lenders confidence that potential overruns would be minimal and project feasibility remains secure.

Kognitive supported Fraport with an independent review of Terminal 3’s €4 billion construction costs at Frankfurt Airport. Our analysis identified key drivers of cost escalation, benchmarked against European airport projects, and delivered actionable recommendations to strengthen project definition, governance, and change management—optimising cost and performance for future developments.

Kognitive supported due diligence for a European airport concession extension, providing cost reviews, benchmarking, value engineering, and alternative capital estimates. Our analysis identified significant cost-saving opportunities while ensuring compliance with concession requirements.