Tag: Quirón Salud

Víctor Madera, Ex-CEO of Quirón Salud, Acquires Hunting Estate in Cáceres

23 August 2019

Víctor Madera, the former CEO of Quirón Salud, has acquired the Valero estate, the largest such property in the Monfragüe National Park, in Cáceres. The estate, which had previously belonged to Fernando Falcó y Fernández de Córdoba, the marquis of Cubas, has 4,350 hectares, 1,350 of which are within the limits of the park.

The farm had been in the hands of the Falcó family since the early nineteenth century. Sources say that the estate was sold for approximately twenty million euros.

Original Story: El Comercio – L. Castro / A. Armerogijón

Photo: Ismael Rozalén

Adaptation/Translation: Richard D. K. Turner

CaixaBank & Allianz Grant a €135M Loan to Finance Caleido

20 November 2018 – Expansión

CaixaBank and Allianz have granted a €135 million loan to finance the construction and operational launch of Caleido, a project led by Inmobiliario Espacio, the property developer of the Villar Mir Group, and MegaWorld Corporation, the business conglomerate owned by the Philippine multi-millionaire Andrew Tan.

Caleido, which will constitute the so-called Fifth Tower in Madrid, is going to comprise a vertical 35-storey building, which will contain the facilities of Instituto de Empresa, and a second horizontal building at the base comprising four above ground floors and standing 17 metres tall in which Quirón Salud is going to manage an advanced medical centre. Moreover, Caleido is going to include an extensive commercial and services area, as well as lots of green space for Madrid and its citizens.

The loan, which has a 10-year term, will finance the construction period until the hand over of the property, in the final quarter of 2020, as well as seven years of operation.

The property developers have explained that the aforementioned agreement will cover the financing needs of Caleido, with a total estimated investment of approximately €300 million.

“This operation strengthens the confidence that financial institutions have in the project and the great expectations that are being generated around its construction. In this way, the technical solvency of the project is clear, as is its future management and operation”, said the property developers.

Caleido – designed by the architecture studios Fenwick & Iribarren and Serrano Suñer Arquitectos – will be located in the epicentre of the new financial district of Madrid and will serve to eliminate a scar from the north of the Spanish capital, connecting Paseo de la Castellana and Anida de Monforte de Lemos, as well as revitalising the current business complex.

The project is being built on some plots owned by the Town Hall of Madrid, granted to Espacio Caleido through a concession arrangement for the construction and operation of the project for the next 75 years. In exchange, Espacio Caleido will pay an annual fee of €4 million. The launch of Project Caleido will generate around 2,400 jobs during the construction period and another 3,992 jobs once it is operational.

Original story: Expansión (by R.A.)

Translation: Carmel Drake

Who’s Who In The Cinco Torres?

13 January 2017 – Cinco Días

The future Torre Caleido, whose plans were unveiled on Tuesday by Inmobiliaria Espacio (Grupo Villar Mir), will add 70,000 m2 of real estate space in the area known as the Cuatro Torres complex. As such, there will be five skyscrapers at the top of the Paseo de la Castellana from 2019, which means that Madrid’s skyline will change once again. In total, the five towers will supply around 300,000 m2 of space to companies.

Although when the plans were first presented for these skyscrapers in Madrid, many people had their doubts regarding their success, the reality is that the four towers are almost fully occupied now and the two main tenants for the fifth tower have already been confirmed.

Caleido will have 70,000 m2 of space in total and, unlike the neighbouring towers, will be used for social purposes on land granted by the Town Hall of Madrid to Grupo Villar Mir for 75 years. (…).

The new IE University campus will occupy 48,000 m2. And the lower platform will be home to a Quirón Salud clinic, covering 11,000 m2 and dedicated to preventative and sports medicine. The tower will also house a retail and restaurant area, which will come as a real blessing for the employees who work in the area, given that they have barely any services at the moment. The retail space has not been leased yet. In addition, Grupo Villar Mir is looking for possible partners with whom it can undertake the work, which will begin within the next few months.

The history of the four towers, on the plot of land that used to house Real Madrid’s former Ciudad Deportiva at the northern end of the Paseo de la Castellana, began commercially in 2008, when the first skyscrapers were completed.

One of them is the current Torre Cepsa…designed by Norman Foster, which was initially intended to house the headquarters of Repsol, but the oil and gas company sold it to Bankia for €815 million before the real estate bubble burst. The now nationalised bank, in turn, leased the building to Cepsa, with the option to buy it…and that company, in turn, sold it in 2016 to Pontegadea, the family office owned by Amancio Ortega for €490 million. (…).

At the end of 2015, Torrespacio, designed by Henry N. Cobb and promoted by Inmobiliaria Espacio, was also sold to the Philippine wine group Emperador for €558 million. (…). It has an occupancy rate of 86%.

Prior to that, Torre PwC also changed hands. (…). It houses the 5-star Eurostars Madrid Tower Hotel and the offices of the consultancy firm PwC, which moved in to occupy the upper floors in 2011. (…). It is 236 m tall, has a surface area of 50,000 m2 and was designed by the architects Carlos Rubio Carvajal and Enrique Álvarez-Sala.

Torre Cristal, the tallest building in Spain at 250 m2 tall, is the only tower that has not changed hands since it was built – it is owned by Mutua Madrileña (…). Designed by César Pelli, the skyscraper was conceived to house several tenants and currently has an 85% occupancy rate. The consultancy firm KPMG now occupies one third of the property, after moving there last year from Azca. Other tenants include MasterCard, Red Hat, Cerner, Commerzbank, Seat, Agbar and ThyssenKrupp, amongst others.

Original story: Cinco Días (by Alfonso Simón Ruiz)

Translation: Carmel Drake

‘Quirón Salud’ Considers Opening A Hospital In The Fifth Tower

7 October 2015 – Cinco Días

The Quirón Salud group is currently considering opening a hospital in the so-called fifth tower, the skyscraper that the Villar Mir group is planning to build at the northern end of the Paseo de la Castellana, on land that was previously home to Real Madrid’s former Ciudad Deportiva. This step would enable the company led by Juan Miguel Villar Mir to construct this emblematic building.

The Villar Mir group was awarded the plot of land next to the Cuatro Torres in April. The company is planning to build a new skyscraper on the site and has always hoped that building would house a private health centre. The corporation won this project, through its subsidiary Inmobiliaria Espacio, but does not have any tenants for the property for the time being.

Initially, the sector thought that the US hospital group Mount Sinai was the most likely candidate to occupy the skyscraper, in its first expected foray into Spain, but the numbers did not stack up for the healthcare company – it concluded that the rental charge was too high for a social use building, according to sources close to the operation.

Now, the baton may be passed to Quirón Salud, the main private hospital group in Spain, which was created following the merger of IDC Salud (formerly Capio) and Quirón. According to sources at the company, it is currently evaluating the project. The company has 70 health centres, including the Fundación Jiménez Díaz, and manages several public hospitals in Madrid, as well as a number of prestigious clinics such as La Luz, San José and the Ruber, in the capital and Teknon and Dexeus, amongst others, in Barcelona. However, the company has not yet confirmed what kind of centre or facilities it would consider opening in the tower.

Two weeks ago, it was announced that Villar Mir will receive help from the Swiss fund Corestate Capital to construct the skyscraper. In a statement, the company announced that the project will require investment of €240 million, and although it did not specify how much each partner will invest, it did say that the possible tenants will be “a hospital, university or government body”. In fact, construction of the property is not expected to start until the tenant (client) has been identified so that the building can be tailored accordingly.

Over the last few days, the possibility of opening a business school in the tower has been evaluated. Some market sources insist that it will be hard for Quirón to make the numbers stack up to open a hospital in the skyscraper.

Villar Mir acquired the plot of land in a tender after presenting the highest bid; the company will pay the Town Hall an annual fee of €4 million for 75 years, in other words, €300 million in total. The plot has a surface area of 67,000 m2 and a buildability of 70,000 m2, of which 52,500 m2 must be allocated to social use (for example, a hospital); the remainder will be developed as retail space. That part is precisely what the hundreds of employees who work in the four adjoining towers want the most, given the lack of restaurants and services currently in the area.

Villar Mir also owns one of those skyscrapers, Torre Espacio, which is currently up for sale, with an asking price of around €600 million. The possible bidders include international funds, such as UBS, Aca, Corporación Financiera Alba and Pontegadea.

Original story: Cinco Días (by A. Simón)

Translation: Carmel Drake