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 2018, 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.

The asset will benefit from the pedestrianization of the Gran Via that will be done in early 2018.

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

Upon completion, the property will be LEED certified.