Gran vía, 18

Location: Gran Vía 18 , Madrid

Acquisition Date: 2017

Gross Lettable Area: Tertiary asset of 5,500 square meters

It  has a basement and Seven floors above ground. It was built in the early 1900s.

Gran Via 18 will undergo an extensive renovation that will be completed by the end of 2019, which will transform it into a flagship of up to 4.000 m2 of commercial area spread over four floors. Allende Arquitectos will be in charge of the project.

In addition, the property will benefit from the recent pedestrianization of the Gran Vía and the growing hotel offer, with several projects in development that will be completed before 2020.

The upper levels will be remodeled to provide modern, high-quality offices.

Upon completion, the property will be LEED certified.