Emperador Properties acquires Madrid's 14-ha Caleido complex

Businessman Andrew Tan, through his private real estate investment company Emperador Properties, has acquired a 14-hectare mixed-use urban complex Caleido located within the Cinco Torres Business District in Madrid, Spain.

- BY JAMES A. LOYOLA

Caleido was conceived with a clear objective-to create an attractive, accessible, sustainable, and comfortable urban environment that allows the revitalization of the northern area of Madrid through a unique concept, said Emperador Properties Chief Executive Officer Jorge Domeca in statement sent late Sunday.

Attracting more than five million visits last year, Caleido covers a total area of 138,000 square meters, which includes a healthcare facility managed by Olympia Grupo Quirónsalud and a dedicated retail area.