Alterhome will explore Abercrombie’s former headquarters in Madrid

Alterhome will explore Abercrombie’s former headquarters in Madrid

The start-up reached an agreement with the asset’s owner Imronda. It is possible the former clothing store will now become a luxury co-living space with co-working areas.

The asset has 1.300 sqm and three terraces. It also has 1.000 sqm of gardens with renaissance fountains, according to Europapress.

Now it will be up to real estate consultants CBRE and Savills Aguirre Newman to analyse possible uses for the assets. Some of the possibilities are to convert the asset into an hotel, a restaurant or a social club.

The owners, siblings Patricia and Chema González, assured that Covid-19 forced them to «rethink on which direction to take so as to have a better impact in hotels and apartments». They also remarked that «in the coming years we will see great change in the use of many assets which had remained unchanged for all our lives, a consequence of that change of mentality».

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