Hines is about to conclude the refurbishment of Preciados 13

Hines is about to conclude the refurbishment of Preciados 13

Photo Collected From Hines

According to daily newspaper Eje Prime, the refurbishment also included the unification of the building with the Maestro Victoria 5 building – where hotel Carlos V used to be. The building now has, not only a 2.700 sqm retail area, but also a hotel – which should be operating under brand Chic and Basic – and 50 apartments.

The marketing of this retail space will be carried out by consultant Savills Aguirre Newman, according to the same newspaper.

The American asset management company reached a deal with the Grupo Baraka group in 2017 to buy the two buildings for 100 million euro.

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