Nuga Castellana, Madrid Spain
A block to work, live and play.
PIMCO Prime Real Estate, a leading global real estate investor and manager of the Allianz Group’s EUR 84B+ real estate mandate, is to invest EUR 40M to create a prime, mixed-use destination by integrating the adjoined commercial, residential and office areas currently managed by the firm at this location in Madrid’s Nueva España neighborhood. This project will be branded
‘NUGA Castellana’ and is set to complete in the second quarter of 2025.
Eurofund Group, has been contracted to lead the transformation of the retail and F&B area within the NUGA Castellana concept. The courtyard at the heart of the project will become a food hall area with outdoor terraces, wellness and shopping units. MediaMarkt, already in the asset, have signed long-term leases for NUGA Castellana.