A Landmark in Downtown Madrid

The property comprises two adjoining inter-connected buildings located on the corner of Preciados and Maestro Victoria, in the heart of Madrid´s city centre. Preciados is one of the busiest pedestrian streets in the world, third in Europe and first in Spain.

Preciados houses some of the most famous fashion chains such as Zara, H&M, Pull and Bear and Mango in addition to numerous other well-known footwear and accessories retailers. An El Corte Inglés department store and Fnac megastore anchor either end of the street.

Both buildings are Grade 2 Level D listed and as a result many of their architectural features must been maintained. Likewise great care will be taken returning certain elements to their original state.

The retail element of the project comprises a total built area of 2,860 sqm which will be completely refurbished, while taking into consideration the level of conservation required for each of the different architectural elements.

In terms of the structure, solid brick load bearing walls will be demolished and replaced by metal pillars. As a result the sales area will be enlarged, allowing for large open plan spaces.

Existing slabs will be replaced with concrete or composite decking, where appropriate, and metal beams will be inserted into the existing wooden beams and encased in concrete thereby complying with current standard loading requirements.

Finally, the roof will be replaced and improved, while maintaining the original design, to allow for the installation of all air conditioning and emergency equipment.

2,860 sqm Total of Prime Retail Space
Preciados 13 is a true flagship property offering 2,860 sqm of prime retail space on Madrid´s most famous city centre high street which links Puerta del Sol to Plaza de Callao. This landmark location is popular with both tourists and locals alike, welcoming over 10,000 visitors per hour per day.
Square M.
Shop 1
1,400 sqm
Basement with 5,4 vertical metres of clear height
Shop 2
1,300 sqm
Two entrances and 6 floors
Shop 3
160 sqm
160 sqm with two entrances
2,860 sqm
2,860 sqm Total of Prime Retail Space
A Great Team for a Great Project
Founded in 1957, Hines has decades of experience investing in real estate across property types and risk profiles in both developed and emerging markets. Since 1991, Hines has sponsored numerous strategic investment funds and one-off investment vehicles, totaling more than $46.2 billion of equity, for global acquisition and development on five continents.
Cushman & Wakefield is an American commercial real estate services company. The company’s global headquarters is located in Chicago, with regional headquarters in New York City (Americas), London (EMEA), Sydney (APAC), and Bengaluru (Asia). Is among the largest commercial real estate services firms with revenues of $6 billion. The firm operates in more than 70 countries and 45,000 employees.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017.
RCCyP is an architecture and urban planning firm founded in 2003. Leaded by Luis Galiano Jabardo and Sara Martín Madruga, the studio is located in the centre of Madrid. A team of more than 25 architecture, engineering and law professionals specializes in unique projects and buildings, focusing on administrative license procedures, urban planning regulations and architecture, structure and engineering design.

24studio is a multidisciplinary studio of professionals and artists. Their main field of production is the architectural visualization and communication. They manage a brand communications agency to tightly gather Design, Architecture, Cinema and the latest graphic multimedia in order to develop a different and innovative audiovisual project.