• Rental project in Madrid

• Ticket: €2,373,000 // Term: 60 months

• Asset in prime area leased to a very solvent tenant

• The manager, Falcons Real Estate, has extensive experience in projects of this nature

We present a new project: Prime Local Project which consists of the acquisition of a commercial premises in Madrid, in the area of José Ortega y Gasset street leased to one of the largest ultra-luxury fashion brands worldwide. The project is located very close to José Ortega y Gasset street in the heart of the Salamanca District, in the city of Madrid. José Ortega y Gasset street is considered the most exclusive and prime street in all of Spain at a commercial level, where all the reference operators of the super luxury market are located and where the transactions with the lowest yields (returns) are being recorded at a national level. The premises consist of a registered property located on the first floor of a mixed-use building (commercial and offices) and has a gross leasable area (GLA) of 349 m². 

The Salamanca District is one of the most relevant areas of the city of Madrid. It is one of the neighborhoods with the highest per capita income in Spain and has become the epicenter of the country's real estate investment at a residential, office and High Street (commercial premises) level where the majority of the projects are focused on the ultra-luxury market.  The Salamanca district is internationally known for its Golden Mile: a benchmark for fashion, spread along Ortega y Gasset street and surrounding areas, where you can find boutiques of major designers.