Adif Puts on Auction Príncipe Pío Station in Madrid

Adif put on bidding 50-year lease of Madrid´s Príncipe Pío Station historic building, protected by urban planning and dating back to the beginning of the 20th century, as well as its free space attached, together with a shopping mall.

Currently there are no development works within the building, so the tenant will be obliged to carry out comprehensive renovation and rehabilitation of the unit, with focus on its façades and roofing.

(…) The total space auctioned covers 9.475 m2.

(…) In order to facilitate the tenderers participation in the auction, rental price reductions have been fixed for the first few years, when expenses bore for the restoration will be the highest, with minimum rent guaranteed of 150.000 Euros per year.

(…) The building is one of the best examples of Spanish railway architecture, situated in the historical and touristic zone of Madrid, surrounded by green areas – points out Adif.

Construction of the shopping mall in 2004 allowed renovation of a considerable part of the station unit, leaving historical the Head Building´s restoration pending.

The deadline for submission of tenders is March 24th, 2014.


Source: Cinco Días