GPF continues to invest in the emblematic Plaza de Colon, in the centre of Madrid, with the purchase of another exclusive property owned by Banca Privada de Andorra. The building is located in Madrid’s central area at Paseo de la Castellana 2 on the corner of Calle Goya 1. It is the only building still to be refurbished in a square where the rest of the buildings, including the Archaeological Museum, are being refurbished or have been refurbished in recent years. GPF plans to undertake an investment of more than €35m that will allow for a complete transformation of the building, completely refurbishing it and adapting it to new trends.
The building has a surface area of more than 1,850m² on four rectangular floors and a roof terrace. The size of its floors and its four free-standing facades offer great flexibility to accommodate one or more tenants. The building, together with the public space of Margaret Thatcher Square in front of it, will create a visually interconnected public environment, allowing for strolling and free flow of visitors.
Several potential clients have already shown interest in GPF's tailor-made project, including public bodies, corporations that want to exponentially boost their brand image, tenants that want to improve their commercial experience in a privileged location with a great flow of people and very close to Serrano street and restaurants that want to open their first establishment in Spain. The purchase price was not disclosed.
