Investments

Project Tower is the second investment by Ardian Real Estate Europe Fund II in Spain. Built in 1993, the c.13,200sqm office building is located in Mendez Alvaro, a thriving and consolidated mixed office, residential and commercial area near Atocha train station and the M-30 inner ring road. The asset will be fully vacated by December 31st, 2022.

The building has fifteen floors (ground floor and fourteen upper floors) and has c.225 underground parking spaces across four underground floors.

Ardian Real Estate intends to carry out a full refurbishment of the building to transform it into a net zero carbon building.