Gran Vía, 32, Madrid

An emblematic high street building measuring 36,000 m2 totally reformed by Drago which combines offices and commercial premises, including the flagship store of a prestigious retail operator

An emblematic high street building measuring 36,000 m2 totally reformed by Drago which combines offices and commercial premises, including the flagship store of a prestigious retail operator

Date of acquisition2008
Date of sale2015
LocationGran Vía, 32 (Madrid)
Surface area36,000 m2

Gran Vía, 32 (Madrid)

A historical high street building in the heart of Madrid’s commercial street measuring 36,000 m2 totally reformed by Drago which combines offices and commercial premises, including the flagship store of a prestigious fashion operator. Drago acquired this asset in 2008 and carried out a complex reform project achieving the recovery of the original commercial use of the building originally built in 1924. The project led by Drago at Gran Vía 32 has made it possible to revitalise the area as one of the main commercial arteries of Madrid, recuperating the adjacent streets and boosting the economy of the zone. The process culminated with the sale of the building to Grupo Pontegadea in January 2015

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