The Challenge
To monitor and assess one of the largest and most complex transformation works on historic buildings to date, in accordance with the Equator Principles, right in the heart of Madrid.
To monitor and assess one of the largest and most complex transformation works on historic buildings to date, in accordance with the Equator Principles, right in the heart of Madrid.
An independent assessment of this extensive engineering and architecture project, analyzing the management system, its development plans, and its impact on the city and the environment.
Thanks to Arcadis, the client—the OHL Group—was able to secure financing of 150 million euros, along with the subsequent financial closing of the plan.
A rehabilitation of this scale was unprecedented. It encompassed seven buildings with different degrees of protection, and entailed demolishing them internally and consolidating them into one building. The building facades were preserved and the properties were adapted to house the first Four Seasons hotel in Spain, along with 22 exclusive homes, a luxury shopping mall and 400 parking spaces, just 200 meters from the Puerta del Sol.
Equator Principles? You'll no doubt be wondering what that has to do with the biggest urban rehabilitation project carried out in the capital of Spain. Well, they provide a framework that helps financial institutions identify, assess and manage the social and environmental risks of the projects they finance. For a project as complex as the Centro Canalejas and with such large capital requirements, the financial consortium required every last bit of information before green-lighting the funding.
Madrid now has a luxury complex befitting a European capital of its stature. The Four Seasons Madrid opened its doors in September 2020, a month before the delivery of the Four Seasons Residences began. Moreover, the Canalejas Gallery is scheduled to open in the spring of 2021. It will house the most exclusive brands and a selection of the best gastronomy the country has to offer.