Portfolio

Retail High Street

  • Ray-Ban´s flagship store in Gran Via
    Ray-Ban´s flagship store in Gran Via
    Retail High Street
  • Puerta del Sol 5
    Puerta del Sol 5
    Retail High Street
  • BBVA in Puerta del Sol
    BBVA in Puerta del Sol
    Retail High Street
  • Mercadona in Fuencarral
    Mercadona in Fuencarral
    Retail High Street
  • Tourism store in the Center of Madrid
    Tourism store in the Center of Madrid
    Retail High Street
  • The IQ Collection in Barrio Salamanca
    The IQ Collection in Barrio Salamanca
    Retail High Street
  • Banco Sabadell in Barrio Salamanca
    Banco Sabadell in Barrio Salamanca
    Retail High Street
  • Cortefiel stores in La Vaguada shopping centre
    Cortefiel stores in La Vaguada shopping centre
    Retail

Residential

  • Change of use from Office to Residential
    Change of use from Office to Residential
    Development and Leasing
  • Building renovation in Justicia neighbourhood
    Building renovation in Justicia neighbourhood
    Leasing
  • Development on the coast of Sancti Petri
    Development on the coast of Sancti Petri
    Development
  • Gran Vía 36
    Gran Vía 36
    Leasing
  • Luxury apartments in Barrio Salamanca
    Luxury apartments in Barrio Salamanca
    Leasing
  • Affordable housing land in Los Berrocales, Madrid
    Affordable housing land in Los Berrocales, Madrid
    Affordable
  • Affordable housing land in Los Ahijones, Madrid
    Affordable housing land in Los Ahijones, Madrid
    Affordable

Other Sectors

  • Gran Vía 14
    Gran Vía 14
    Hotel
  • Movistar Plus headquarters in Madrid
    Movistar Plus headquarters in Madrid
    Office / Content production
Ray-Ban´s flagship store in Gran Via
Retail High Street

• Address: Gran Vía 36, Centro, Madrid
• Investment Type: Core Plus
• Tenant: Ray-Ban

Description: Retail unit with three floors and almost 600 sqm (basement, ground and first floor) located on the iconic Gran Vía of Madrid. The renovation process has recently been completed, where the previous distribution has been optimized to house a flagship store of a fashion brand. Before finishing the renovation Ray-Ban leased the space and opened their new store in February 2025.
Puerta del Sol 5
Retail High Street

• Adress: Puerta del Sol 5, Madrid
• Investment type: Core Plus
• Tenant: Comunidad de Madrid / Local en comercialización

Description: Retail unit strategically located in Puerta del Sol, one of Madrid´s most iconic squares has undergone various transformations over the last 10 years, the last one recently completed included definitive pedestrianization. This people-only zone includes the section from Carrera de San Jerónimo to Plaza Canalejas. The asset has more than 1,000 sqm and is divided into two units, one currently occupied by the Community of Madrid, and the other space is being commercialized.
BBVA in Puerta del Sol
Retail High Street

• Address: Mayor 1, Centro, Madrid
• Investment Type: Core
• Tenant: BBVA

Description: Retail Unit strategically located on Calle Mayor 1, with a façade facing to the emblematic Puerta del Sol. This premises has a long-term lease contract with BBVA, a first-class financial institution. Its corner configuration makes it ideal for its current use, and at the same time, highly versatile for future tenants.
Mercadona in Fuencarral
Retail High Street

• Adress: Fuencarral 77, Centro, Madrid
• Investment Type: Core
• Tenant: Mercadona

 

Description: Retail unit with a total renovation carried out in 2022 and leased to Mercadona with a long-term lease. This property is one of the few assets with more than 2,800 sqm located just 10 minutes walking from the historic center, which makes it the most central Mercadona in Madrid. It is located on Fuencarral street, known for its retail offering on the High Street of Madrid. In addition, it has great visibility thanks to its façade with a length of more than 20 meters in double height.
Tourism store in the Center of Madrid
Retail High Street

• Address: Arenal 7, Centro, Madrid
• Investment Type: Core
• Tenant: Grupo Turistore

Description: The space located on Arenal Street with +400 sqm has undergone a recent renovation and is in the most commercial section of this street. In 2022, this location was leased to an operator (Grupo Turistore) specialized in tourism products.
The IQ Collection in Barrio Salamanca
Retail High Street

• Address: Don Ramón de la Cruz 13, Salamanca, Madrid
• Investment Type: Core
• Tenant: The IQ Collection

Description: Retail unit located on Don Ramon de la Cruz street, in the heart of the Salamanca neighbourhood. It is leased to The IQ Collection, a fashion operator, on a long-term contract.
Banco Sabadell in Barrio Salamanca
Retail High Street

• Adress: Don Ramón de la Cruz 13, Salamanca, Madrid
• Investment type: Core
• Tenant: Banco Sabadell

Description: Retail unit located on the corner of Lagasca and Don Ramon de la Cruz street, in the heart of the Salamanca neighbourhood. It has a wide façade facing both streets and is rented to Banco Sabadell with a long-term contract.
Cortefiel stores in La Vaguada shopping centre
Retail

• Address: La Vaguada Shopping Center
• Investment Type: Core
• Tenant: Tendam Group (Cortefiel)

 

Description: La Vaguada is one of the largest shopping centres in Madrid, where we manage two retail units that are currently leased to Grupo Tendam, which operates the Cortefiel brand. These stores have a strategic location, since they are located near the main entrance of the centre. Cortefiel has renewed and extended its lease in 2023, further strengthening our investment in this important shopping centre.
Change of use from Office to Residential
Development and Leasing

• Address: Cea Bermúdez 14, Chamberí, Madrid
• Investment Type: Value Add

Description: Two office buildings located in the heart of Chamberí, acquired in November 2023. The business plan consists of the simultaneous transformation of two buildings, resulting on the one hand, in a residential development of 14 homes, which are already being marketed, and, on the other hand, in a co-living building with 28 rooms and spacious common areas designed to promote a sense of community.
Construction works began in the fourth quarter of 2024, and both projects aim to achieve BREEAM sustainability certification. In addition to co-investing in the project, Elcano IM has been responsible for identifying these assets, coordinating the urban planning procedures and making an investment of nearly 15 million euros a reality together with our partners.
Building renovation in Justicia neighbourhood
Leasing

• Address: Travesía San Mateo 1, Justicia, Madrid
• Investment Type: Value Add

Description: Total renovation of a building of more than 1,500 sqm located in Justicia neighbourhood. The ground floor will have a retail unit of more than 350 sqm (divisible into 2 units if required) and on the next three floors the use of residential/living with first-class serviced apartments will be implemented. The building is currently under renovation and is estimated to be ready in December 2025.

Development on the coast of Sancti Petri
Development

• Address: Sancti Petri, Cádiz
• Investment Type: Development

Description: Real estate development located on the beachfront in Sancti Petri, next to the hotel zone. The project consists of the construction of villas, all with sea views and access to the beach. In addition, it has first-class common spaces for the owners.
Gran Vía 36
Leasing

• Address: Gran Vía 36, Madrid
• Investment Type: Core +
• Tenant: Smart Rental

Description: Building located in the busiest area of ​​Gran Vía. The building, excluding the retail unit, is leased to Smart Living, which operates flex living homes for young professionals between 25-40 years. The building has more than 2,000 sqm.
Luxury apartments in Barrio Salamanca
Leasing

• Investment Type: Core

Description: We currently manage a residential portfolio comprising assets with a total value in excess of €40 million. These apartments are located in high-end buildings, all of them located in the prestigious Salamanca neighborhood.
Affordable housing land in Los Berrocales, Madrid
Affordable

• Address: Los Berrocales, Madrid
• Investment Type: Value Add

Description: 8 residential plots located in the Los Berrocales urban development, one of the most relevant expansion projects in the southeast of Madrid. The acquisition represents a total buildable area of 51,000 sqm, allowing the development of approximately 634 homes under affordable housing regime (VPPL).
Of the acquired plots, 2 are located in Phase II and 6 in Phase VI of the sector. Los Berrocales is consolidating as one of the most advanced developments in the southeast of Madrid, with a planning of more than 22,000 homes, around half of which will be protected, contributing to the supply of affordable housing in the capital.

Affordable housing land in Los Ahijones, Madrid
Affordable

• Address: Los Ahijones, Madrid
• Investment Type: Value Add

Description: 12 residential plots located in the Los Ahijones urban development, within the southeast expansion projects of Madrid.
The acquisition comprises a total buildable area of 45,000 sqm, intended for the development of approximately 584 homes under affordable housing regime (VPPL and VPPB).
All the acquired plots are located in Phase VI of the sector. Adjacent to Los Berrocales, Los Ahijones is another key development in the southeast of Madrid, with a planning of more than 18,000 homes, half of which will be protected, reinforcing the availability of affordable housing in the capital.

Gran Vía 14
Hotel

• Address: Gran Vía 14, Madrid
• Investment Type: Value Add
• Tenant: Smart Rental

Description: Complete building of +6,000 sqm located in the heart of Gran Vía that has undergone a comprehensive renovation in 2022. This renovation covered not only the structure of the building, but also its use to provide hotel service. The building is leased to a leading company in the tourism sector. It is important to note that this is one of the few buildings on Gran Vía that has parking, which adds additional value to this property.
Movistar Plus headquarters in Madrid
Office / Content production

• Address: Avenida de los Artesanos 6, Tres Cantos, Madrid
• Investment Type: Core +
• Tenant: Movistar Plus

Description: It is an independent building built in 2002, with a total constructed area of ​​approximately 42,000 sqm and a remaining buildable area of ​​almost 17,000 sqm, distributed on two different levels. The building is the headquarters of Movistar Plus and is mainly intended for office use and television and media production, where the content offered on Movistar Plus is created.