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Manila Bulletin devider Business devider The Stock Market devider Andrew Tan's Emperador Properties buys 14-hectare complex in Madrid

Andrew Tan's Emperador Properties buys 14-hectare complex in Madrid

Published Jun 16, 2025 12:46 am  |  Updated Jun 16, 2025 05:49 am
Businessman Andrew Tan, through his private real estate investment company Emperador Properties, has acquired a 14-hectare mixed-use urban complex Caleido located within the Cinco Torres Business District in Madrid, Spain.
Caleido was conceived with a clear objective-to create an attractive, accessible, sustainable, and comfortable urban environment that allows the revitalization of the northern area of Madrid through a unique concept, said Emperador Properties Chief Executive Officer Jorge Domeca in statement sent late Sunday.
Attracting more than five million visits last year, Caleido covers a total area of 138,000 square meters, which includes a healthcare facility managed by Olympia Grupo Quirónsalud and a dedicated retail area.
The development is also home to the IE University-ranked as one of the top 10 universities worldwide at the QS World University Rankings 2025—as well as 35,000 square meters of lush parks, curated gardens, and green open spaces that serve as the lungs of the modern business district.
Caleido has become a popular destination for families and a prominent stop for tourists in the city as it serves more than one million people within its surrounding area.
It has also become an important location for about 20,000 employees within the Cinco Torres District and 8,000 employees at the La Paz University Hospital, as well as 5,000 students from IE University.
Caleido's premier roster of commercial tenants includes major brands such as Scalpers, Ecoalf, Mango La Máquina, Ornella, and The Dalmore, among others.
Aside from essential and wellness services, the development also provides a variety of culinary offerings with first-class operators and diverse leisure and entertainment options.
Aside from Caleido, Emperador Properties also owns two more assets in Spain: the 57-story Torre Emperador Castellana also in Madrid, and the 23-story Torre Diagonal One in Barcelona. The company's total assets are currently valued at more than €1 billion.
In 2022, Emperador Properties achieved a historic milestone after becoming the first and only Filipino company listed in the Spanish stock exchange.

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