The redevelopment of Real Madrid’s sports city in Valdebebas is set to create a vast area of office space comparable to two of the Cuatro Torres in Castellana. The Madrid City Council’s plan includes not only offices but also hotels, a private hospital, student residences, educational centers, retail spaces, and flex-living accommodations. According to Savills, the total construction cost is estimated at 1.235 billion euros.
Most of the investment, around 795 million euros, will focus on private facilities like a hospital, educational centers, and student residences, alongside cultural infrastructures such as an auditorium. For commercial spaces, including offices, hotels, and flex-living units, the estimated cost is 388 million euros. Additionally, 51.9 million euros are allocated for new sports facilities and a sports club.
The initial approval for this project was granted on July 30 by Madrid’s city government, proposing the reclassification of 448,000 square meters from sports use to commercial use, while retaining 89,000 square meters for the club’s sports facilities. This change is part of the Madrid Innovation District initiative, introduced by Real Madrid’s president Florentino Pérez and regional leaders, to utilize unused land in Valdebebas.
The reclassification process requires further approval from both the city council and the regional government, potentially extending until 2027. Post-reclassification, the land value is projected to reach 360 million euros. The business strategy for Real Madrid regarding this new campus remains unclear, but it is speculated that the club might sell the land to investors or retain a minority stake to earn rental income, similar to Atlético de Madrid’s approach.
Savills’ report highlights the necessity for diverse uses, particularly the 100,000 square meters designated for offices, citing Valdebebas’ potential as a major office hub due to its available land and connectivity, especially with the airport and the upcoming Metro line extension.
