El Corte Inglés will complete the project to build offices on Paseo de la Castellana in 2023
El Corte Inglés will finalize during this year the drafting of the execution project for the construction of a “groundbreaking office building to be located on the site of Paseo de la Castellana 69 (This building, with approximately 16,000 square meters of gross leasable area, will be the last new building to be constructed in the Central Business District area. four levels, a garden terrace at the top and two parking levels.One of the axes of this project is sustainability to advance in the reduction of environmental impact by using low carbon emission materials, renewable energy sources and high efficiency facilities and betting on a consumption design aligned with the objectives of the UN Agenda 2030 and 2050.
Optimizing real estate assets
The Spanish company has also announced that it is conducting an analysis in search of the best market uses for certain real estate assets in order to optimize their value.two urban plots built in the Salamanca district (Madrid), which used to have a commercial and residential use, but after the final approval of the Special Plan have acquired “a unique urban situation in the market,” in the words of the company.Thus, there has been an increase in those interested in developing the hotel or commercial use of these assets located in the capital, so El Corte Inglés is collaborating with an independent expert to approach these players and obtain “the best solutions for the management of the project”.
Reforms in 2022
Throughout 2022, El Corte Inglés has faced the refurbishment of its centers in Bilbao, the first phase of Pozuelo (Madrid) and the transformation of the facilities in Serrano 47 (Madrid), as well as the investment made in its complex in Castellana (Madrid) to adapt the spaces dedicated to luxury brands, among other reforms and improvements made in the company’s centers throughout the country.
