18 May 2018 – Press Release
Conren Tramway is an independent real estate investment management company jointly owned by the brothers Jaime-Enrique and Paco Hugas (Tramway Capital) and the German manager Conren Land AG. Conren Tramway invests in core plus, value-added real estate operations and developments in the office markets in Madrid and Barcelona, and occasionally in Spain’s main secondary cities. They are operations that require urban planning, renovation and commercial management to reposition the assets in order to create value (…).
SA65 is a 7-storey building with a gross leasable area of 8,300 m2. Its parking lot contains 92 spaces for cars (20% are suitable for electric vehicles), 34 for motorbikes and 100 for bicycles, as well as storerooms and a large terrace with views over the city. The property has a LEED Gold certification. The building work has been entrusted to the construction company INBISA. The details of the project, its surface area and finishes can be found on the firm’s website www.conrentramway.com.
With the start of the construction work, marketing of the building has also begun with a great reception from international companies interested in moving their headquarters to the 22@ district. SA65 fits well with the calendar for the handover of rental properties in new build offices in the 22@ district, where a large proportion of the projects are committed through pre-leases.
“SA65 is a project that reflects Conren Tramway’s capacity to fit mixed-used projects into the urban fabric, in this case, next to the new headquarters of the design school, a new build hotel, a residential façade and other office buildings”, says Paco Hugas. “It is an attractive project thanks to its size (8,300 m2), design and functional layout, which fit well with existing demand”, according to Jaime-Enrique Hugas.
Conren Tramway is also managing projects on Calle Badajoz (17,500 m2) and in the Paral.lel district (33,800 m2) and it is analysing several investment operations in Madrid, where it is now focusing its efforts.
Original story: Press Release
Translation: Carmel Drake