Grosvenor established a presence in Madrid in 1996, investing in and developing offices, shopping centres and industrial parks across Spain. We now have a strong residential development pipeline and an income-producing portfolio of offices.
While we had been established in Madrid since the 1990s, it was in 2016 when we reinforced our commitment to the Spanish capital. We embarked on a residential development programme to deliver unique homes with exceptional design qualities, investing in sought-after neighbourhoods of the capital, which are well connected, feature high architectural quality, provide access to green spaces and are in proximity to the wide range of cultural amenities Madrid has to offer. We also have a strong office portfolio, including MB One, the IDOM building and the Titan tower.
Why Madrid? It is a global city with an exceptional quality of life. The Spanish capital has experienced significant growth since the economic crisis of 2008. It is considered a major financial centre of Southern Europe but also an international business hub and gateway to Latin America. Moreover, Madrid is home to some of the world's most internationally recognised business schools, including ICADE and IE.
Part of Madrid's charm is its success in preserving the character and authenticity of its many historic neighbourhoods while remaining cosmopolitan and contemporary. Majestic architecture, lively tapas bars, food markets, and elegant shopping streets exist alongside a thriving cultural scene.