Merlin Properties to Build Torre Adequa, a New 25-Floor Office Building in Madrid
18 November 2019 – Merlin Properties announced that it would build a new high-rise office building in northern Madrid. The 25-floor Torre Adequa will be over 100 meters high and close to 30,000-m2 of surface area.
Construction on the site is set to begin in early 2020 and conclude approximately two years later. Merlin expects to invest about 110 million euros, including the acquisition of the land.
The new building, at Avenida Burgos 89, is in the existing Adequa office complex, near five other high-rises, including the Torre Caleido. The new office building will have a surface area of close to 30,000 m2, in a 76,000-m2 office park. The complex’s main tenants include Audi and Técnicas Reunidas. Adequa has stores, a gym, restaurants, pharmacy, paddle tennis courts and a nursery.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner