Billionaire Andrew Tan’s real estate investment firm Emperador Properties, which is listed on the Spanish stock exchange, has recently obtained full ownership of the mixed-use urban complex Caleido located in the Cinco Torres Business District in Madrid, Spain.

Spanning across a total area of 138,000 square meters, Caleido welcomed over 5 million visitors in 2024. It is situated near the IE University, recognized as one of the top 10 universities globally with approximately 5,000 students, as well as 35,000 square meters of parks, gardens, and green spaces.

The complex accommodates around 20,000 workers within the Cinco Torres District and an additional 8,000 employees at the La Paz University Hospital.

Notable brands such as Scalpers, Ecoalf, Mango La Máquina, Ornella, and The Dalmore are among the commercial tenants at Caleido.

Emperador Properties' CEO, Jorge Domecq, highlighted the original vision behind Caleido, emphasizing the goal of establishing an appealing, sustainable, and convenient urban setting to revitalize the northern region of Madrid through a distinctive approach.

This recent acquisition will further enhance Emperador Properties' extensive portfolio, which currently exceeds €1 billion in value and includes prominent structures like the 57-story Torre Emperador Castellana in Madrid and the 23-story Torre Diagonal One in Barcelona.