Ardian announces the acquisition of prime property in the centre of Madrid, its first transaction in the residential sector in Spain.
The property, acquired from investment manager Patrizia, has a total built-up area of around 3,000m2 and is situated in a prime location at Calle Zurbaran 28, in Almagro, one of Madrid's most exclusive neighbourhoods with direct access to the Paseo de la Castellana (one of Madrid’s main roads) and excellent public transport links.
Ardian will transform the space from offices into a high-end residential building comprised of 10 apartments with 40 parking spaces. The renovation will be carried out to the highest standards of energy efficiency and sustainability, ensuring a positive impact on the community and the environment.
As part of Ardian’s commitment to sustainability, the building's carbon trajectory will also be aligned to the Paris Agreement targets.
"We are excited about this latest investment in Spain. This project reflects our trust in the local real estate market and our dedication to developing high-quality real estate locally. We firmly believe in Madrid's potential as a dynamic and growing city centre and want to contribute to the development of the city with innovative and sustainable projects.” said Edmund Eggins, Managing Director Real Estate, Ardian
Image source - Pexels.
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