Tan’s Emperador acquires Caleido for over €1B

Emperador Properties Socimi SA, a real estate venture of Filipino billionaire Andrew Tan based in Spain, has completed its full acquisition of Caleido, a mixed-use urban complex in Madrid.

The purchase raises Emperador Properties' total assets to over 1 billion euros and includes the 57-story Torre Emperador Castellana in Madrid and the 23-story Torre Diagonal One in Barcelona.

Caleido, covering an area of 138,000 square meters with a healthcare facility, retail space, IE University, parks, gardens, and green open spaces, attracted over 5 million visits in 2024.

The complex houses around 20,000 employees within the Cinco Torres District and another 8,000 at La Paz University Hospital, with tenants including Scalpers, Ecoalf, Mango La Máquina, Ornella, and The Dalmore.

Emperador Properties CEO Jorge Domecq highlighted Caleido's role in revitalizing Madrid's northern area through its unique concept of an attractive, accessible, sustainable, and comfortable urban environment.