Bid to fill skyscraper

A PHILIPPINES-BASED property group has launched its bid to fill the Torre Espacio skyscraper in Madrid, home to the British Embassy.

The 57-storey tower of glass in the north of the city, first opened its doors in 2007 just before the financial crisis.

Since then, occupancy of the building has hovered around the 85 per cent mark.

Now, in a link-up with London-based international real estate advisor, Savills, it hopes an aggressive strategy can find tenants for the 15 per cent of the building still unoccupied.   

The tower is home not only to the British Ambassador, but to the embassies of Canada, the Netherlands and Australia, along with Red Bull and British American Tobacco.

Manager of the property Eduardo Corral, the CEO of Tower Space Management, said: “The financial crisis was a big shock so we did not get to 100 per cent but with the marketing boost we aim to fill the remaining 15 per cent.”