Filipino billionaire Dr. Andrew Tan is once again making waves on the global stage — this time through a landmark acquisition in Europe. His private real estate arm, Emperador Properties, has secured full ownership of Caleido, an iconic mixed-use complex located in Madrid’s prestigious Cinco Torres Business District.

Positioned as a benchmark for sustainability, design, and urban living in the Spanish capital, the 138,000-square-meter Caleido is more than just a commercial asset — it is a modern lifestyle hub that drew over five million visits in the past year alone.

“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, chief executive officer of Emperador Properties.

The property landscape shaped

The acquisition underscores how a Filipino-led firm is helping shape the real estate landscape in Europe’s most vibrant cities. Caleido houses a world-class mix of tenants and institutions, including the globally ranked IE University, a state-of-the-art healthcare center by Olympia Grupo Quirónsalud, and green open spaces spanning 35,000 square meters.

Serving more than one million people in its vicinity — including thousands of professionals, students, and hospital workers — Caleido has quickly become a magnet for residents and tourists alike. It is also home to international retail brands such as Scalpers, Ecoalf, Mango La Máquina, Ornella and The Dalmore, alongside curated dining, leisure and wellness options.

The acquisition adds to Emperador Properties’ growing portfolio of Spanish assets, which includes the 57-story Torre Emperador Castellana in Madrid and the 23-story Torre Diagonal One in Barcelona. Altogether, the company now manages assets valued at over P1 billion — approximately P63 billion.

This milestone follows Emperador Properties’ historic 2022 achievement as the first — and, to date, only — Filipino firm to be listed on the Spanish stock exchange, further solidifying the Philippines’ presence in the European business landscape.