July 14, 2017
El Mundo : Grosvenor Europe consolidates its business in Madrid with the acquisition of two properties in Chamberí
Grosvenor Europe consolidates its business in Madrid with the acquisition of two properties in Chamberí
El Mundo
THE WORLD IS Madrid JUL 14 2017 14:06 

pic The property acquired in Calle Santa Engracia. / THE WORLD

Grosvenor Europe (Grosvenor), one of four divisions with which Grosvenor Group, a multinational private equity firm in the real estate sector, has acquired two new buildings in the Madrid district of Chamberí.

These are two properties located in the streets Modesto Lafuente and Santa Engracia that reach the 4,800 square meters of total surface and that the signature will turn into residential and commercial spaces of high standing . The company is able, through this operation, to consolidate the business of its joint venture with Amcorp Properties Berhad (Amprop).

The first of them is, at present, an office building located at the intersection between Modesto Lafuente and José Abascal, in the neighborhood of Ríos Rosas, which has 3,000 square meters spread over 10 floors . After the performance, it will become a residential endowment with 13 exclusive apartments of three and four bedrooms. In addition, you will have parking and a terrace area on the highest floor with views of the adjoining garden.

The second, located on the corner between the streets of Santa Engracia and General Arrando, known for its careful architecture, adds 1,800 square meters and its facade is protected . Its location in the Almagro district (belonging to the district of Chamberí), is considered one of the most exclusive in Madrid. The renovation planned for this property will create 18 luxurious homes , including two unique penthouses with terrace. The building will also have a gym, bicycle parking and reception on the ground floor, as well as a commercial place that in the future will probably become a restaurant or bistro that will complement the dynamic gastronomic offer of the area, which houses restaurants and hotels First class.

The district of Chamberí has a great architectural interest with several modernist, neogothic and neomudéjares buildings well preserved in its streets, many of which have been declared of Cultural Interest. 
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