Emperador Properties, a real estate investment company led by billionaire Andrew Tan, expanded its real estate portfolio in Spain with the full acquisition of Caleido, a major mixed-use development in Madrid.
Located in the Cinco Torres Business District, Caleido is known for its modern design and sustainable urban planning. It features top-grade offices, a hospital, an international school, retail spaces and green parks.
“Caleido was conceived with a clear objective—to create an attractive, accessible, sustainable and comfortable urban environment that allows the revitalization of the northern area of Madrid through a unique concept,” said Jorge Domeca, chief executive of Emperador Properties.
Emperador initially acquired a 50-percent stake in Caleido in 2021. The company did not disclose the acquisition cost for the property, but real estate sources said the acquisition amounted to about 76 million euros.
The complex spans 138,000 square meters and welcomed more than 5 million visitors last year. It is home to IE University, ranked among the world’s top 10 universities by the QS World University Rankings 2025, and includes 35,000 square meters of parks and green areas.
Caleido also supports a large community, serving over a million people in the area. It is also a workplace for 20,000 employees in the Cinco Torres District, 8,000 staff from La Paz University Hospital, and 5,000 IE University students.
Its commercial area features well-known brands such as Scalpers, Ecoalf, Mango, La Máquina, Ornella, and The Dalmore. It also offers wellness, dining, and leisure options.
The acquisition adds to Emperador Properties’ growing portfolio, which includes Torre Emperador Castellana in Madrid and Torre Diagonal One in Barcelona. The company’s assets are now valued at more than 1 billion euros.
Emperador Properties became the first and only Filipino company listed on the Spanish stock exchange in 2022.
Aside from real estate, Tan through its liquor unit Emperador Inc also has significant presence in Spain.
