Metrovacesa Receives Green Light to Build Madrid’s ‘Medicine City’

3 October 2018 – Eje Prime

Metrovacesa has received the green light to start work on the construction of ‘medicine city’ in Madrid. The Town Hall, led by Manuela Carmena, and the property developer have reached a definitive agreement to start work on a large complex to be dedicated to tertiary use in the north of the Spanish capital.

Specifically, the building work will be carried out in the vicinity of the Ramón y Cajal Hospital. The industrial plot measuring almost 44,000 m2 and owned by Metrovacesa, will be used to build commercial facilities and accommodation, according to reports published by El Confidencial.

The new complex will serve the neighbourhood and users of the Ramón y Cajal Hospital. The agreement between the Town Hall and Metrovacesa also covers the protection of the milk group Clesa’s old factory, a property considered important due to its industrial architecture and in whose honour the operation has been named. That installation occupies more than 10,400 m2.

Of the remaining space, 22,900 m2 will be allocated to accommodation, including a hotel and rental apartments for the exclusive use of users of the hospital. Another 19,800 m2 will be dedicated to a student hall of residence, in particular, to accommodate students of the MIR and other doctors visiting the centre. Finally, 3,000 m2 of space has been reserved for commercial use.

The initiative began in 2014, when the real estate company asked for a licence to demolish the Clesa factory, with the idea of building a residential complex. Nevertheless, the Town Hall of Madrid did not approve that change in classification of the land from industrial to residential.

With the arrival of Manuela Carmena to the Town Hall of Madrid, negotiations began to redesign the project. In this way, the recovery of a historical building is promoted and the Ramón y Cajal Hospital will become an important health pillar, according to a statement issued by the Town Hall of Madrid.

Original story: Eje Prime 

Translation: Carmel Drake

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