Azora launches Madrid campus devised to aid tenant retention

Madrid-based Azora is developing the city’s first urban campus, ML28 Madrid Urban Hub which is expected to be completed by mid-2025.

The project will target companies seeking to differentiate themselves to attract and retain talent and has been designed for collaborative and flexible work models. It will comprise a four-storey main building of 16,000 sq m, and a linked 619 sq m two-storey auditorium building for independent use. Azora said the project will have a versatile structure to enable it to be changed according to tenant requirements. The complex will have capacity for 2,800 people.

Externally, there will be over 6,000 sq m of green space. LEED Platinum certification will be sought.

ML28 Madrid Urban Hub is near Madrid Nuevo Norte, which will lengthen the Castellana axis of the city and Azora said there is potential for activities related to life sciences, education and technology. The site is close to Madrid Chamartín Clara Campoamor Railway Station, providing direct access to the airport.

Jose Mittelbrum, senior director A&T Offices CBRE Spain which is marketing the project, said: “projects such as ML28 Madrid Urban Hub are set to revolutionise the office market in the capital, at a time when companies are finding in their workspaces an ally to attract and retain talent. These are spaces designed for collaboration and interaction, where connections and surrounding services are of great importance.”