2023 Spring Issue - 110

A Gain in Spain
Mixed-use development finds a
home in Madrid.
BENNETT VOYLES
Strict one-use-per-parcel zoning rules
have long limited the growth of mixed-use
projects in Spain, but the builders of a new
office, residential, and commercial project
in Madrid hope their example will pave the
way for other integrated projects.
Developers at Inmobiliaria Colonial, a
Spanish real estate multinational, have
taken advantage of special rules governing
a plot near Atocha Station, Madrid's largest
railway terminal, to erect their first mixeduse
project. When completed, Madnum will
offer about 970,000 square feet (90,000
sq m) of space for work, play, and living,
including 606,000 square feet (56,300 sq
m) of office space, 324,000 square feet
(30,100 sq m) of residential space, and
39,000 square feet (3,600 sq m) of commercial
space.
The residential aspect of the project is
a departure for the $13 billion-plus firm.
Although the listed office real estate investment
trust manages an office portfolio of
more than 18.3 million square feet (1.7
million sq m) of class A properties, mostly
in Madrid, Barcelona, and Paris, Colonial
Mixed-use development is still new in
Spain, but Inmobilaria Colonial hopes
the 970,000-square-f00t (90,000 sq m)
Madnum office/residential complex will
break new ground.
110
URBAN LAND
SPRING 2023
COURTESY INMOBILIARIA COLONIAL

2023 Spring Issue

Table of Contents for the Digital Edition of 2023 Spring Issue

2023 Spring Issue - Cover1
2023 Spring Issue - Cover2
2023 Spring Issue - 1
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2023 Spring Issue - Cover3
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https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-spring-issue-of-urban-land
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https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ulm-winter-2022
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/summer-issue-2021
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