Google Spain, Alphabet's subsidiary in Spain, has renewed its lease as a tenant in Madrid's Torre Picasso, an asset owned by Pontegadea, Amancio Ortega's asset manager company, according to Expansión.
The technology company set up its Spanish headquarters in the building in 2006 and has since renewed its lease three times: the first in 2013 and a second in 2019, which expired in 2024.
Google occupies five floors of the building located in the Azca district, which it shares with other large companies such as Deloitte, the tower's main tenant, Paypal, BlackRock, Sociéte Générale and Volkswagen.
Since the pandemic, Google has continued to promote face-to-face work with a commitment to offices in different cities around the world, from London to New York, via its headquarters in California. In Spain, Google announced a large cybersecurity centre in Malaga, which will occupy some 2,500 square metres.
Google maintains its commitment to the Madrid office and plans a large cybersecurity centre in Malaga.
Google's home in Madrid, Azca, is on the verge of a complete renovation. The private company Renazca, which is leading the refurbishment of Madrid's Azca financial centre, chose the project presented by the New York-based architecture firm Diller Scofidio + Renfro to renovate the Madrid complex.
The New York-based firm's project is being developed by British landscape architects Gustafson Porter + Bowman and Spanish partner b720 Fermín Vázquez Arquitectos. The plan selected to reform the area involves the construction of a landscaped area in the centre of the block and fifteen micro-parks between the buildings.
