Andrew Tan’s Emperador Properties gains full control of Caleido Madrid complex

Insider Spotlight:

• Emperador Properties takes 100 percent control of Caleido in Madrid
• Caleido now fully owned by Andrew Tan’s Spanish-listed real estate firm
• Mixed-use site draws five million annual visitors, houses IE University and top brands

Filipino billionaire Andrew Tan’s Spanish-listed Emperador Properties has acquired full ownership of the Caleido complex in Madrid’s Cinco Torres Business District, bolstering its European real estate portfolio now valued at over €1 billion.

Why it matters:

The transaction cements Emperador Properties’ presence in one of Madrid’s most ambitious urban regeneration zones, consolidating its stake in a high-traffic mixed-use development catering to more than a million residents, workers, students, and tourists.

Driving the deal:

“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 Domecq, CEO of Emperador Properties.

Details:

• Caleido spans 138,000 square meters and includes an international hospital managed by Olympia Grupo Quirónsalud, top-tier retail spaces, and 35,000 square meters of green public areas.
• The site is home to IE University, recently ranked among the world’s top 10 institutions in the 2025 QS World University Rankings.
• Tenants include global retail and lifestyle brands like Mango, Ecoalf, Scalpers, and The Dalmore.
• The complex draws over 5 million visitors annually and serves around 33,000 employees and students within its immediate vicinity.

Context:

Emperador Properties made history in 2022 as the first and only Filipino firm to list on the Spanish stock exchange. In addition to Caleido, its assets include Torre Emperador Castellana in Madrid and Torre Diagonal One in Barcelona.

What’s next:

With sustainability credentials including BREEAM, LEED, WIREDSCORE, and WELL certifications, the company is positioning itself for long-term growth in Europe’s high-end real estate sector through premium, ESG-compliant assets.