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Sign in Sign up for a FREE subscriptionKennedy Wilson secures planning consent at Plaza Puerta Del Sol 9 in Madrid
Kennedy Wilson has secured initial planning permission at Puerta Del Sol 9, its prime high-street retail property on Madrid’s iconic Plaza Puerta del Sol. The initial permission has been granted by Madrid Town Hall’s Junta de Gobierno for the refurbishment of the asset that will provide 36,000 square feet of gross lettable area across the ground floor, basement and five stories above ground.
Plaza Puerta del Sol sits in the heart of Madrid’s city center and attracts circa 110 million visitors annually. It is home to several flagship stores, including Sephora and Apple — with this being one of Apple’s largest flagship stores in Europe (65,000 square feet). The historic quarter adjacent to Puerta del Sol square is also undergoing a major transformation, with a newly developed 200-room Four Seasons hotel due to open later this year, together with 22 exclusive residences and the luxury Galería Canalejas shopping mall.
Cristina Perez, head of Spain, Kennedy Wils
