Emperador Properties Completes Full Acquisition of Torre Caleido
Deal News | Jun 13, 2025 | Iberian Lawyer
Emperador Properties, a Spanish SOCIMI backed by Filipino capital, has acquired the remaining 50% stake in Torre Caleido, making it the full owner of this landmark in Madrid's Paseo de la Castellana business complex. The acquisition, valued at 76 million euros, expands Emperador's real estate portfolio in Spain to over 1 billion euros. Torre Caleido, a significant mixed-use development encompassing retail, healthcare, education, and green spaces, now joins Emperador's other key properties, including Torre Emperador Castellana and Torre Diagonal One in Barcelona. The seller, Incus Capital, had bought the stake in 2021 for 92 million euros from Priesa. Legal counsel for Emperador was provided by Pérez-Llorca, with a team led by several corporate and tax partners.
Sectors
- Real Estate
- Legal Services
Geography
- Spain – The transaction and the properties involved are located in Spain, particularly in Madrid and Barcelona.
- Philippines – Emperador Properties is backed by Filipino family capital, linking the geographical origin of the investment funds.
Industry
- Real Estate – The article discusses an acquisition in the real estate sector, emphasizing expansion and property portfolio enhancement.
- Legal Services – Pérez-Llorca's legal advisory role highlights the involvement of legal services in facilitating major transactions.
Financials
- 76 million – The price paid by Emperador Properties to acquire the remaining 50% stake in Torre Caleido.
- 1 billion – The total value of Emperador Properties' real estate portfolio in Spain after the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Emperador Properties | Target Company | Company | A Spanish SOCIMI backed by Filipino family capital, aiming to expand its real estate holdings in Spain. |
| Incus Capital | Selling Company | Company | An investment firm that sold its 50% stake in Torre Caleido to Emperador Properties. |
| Pérez-Llorca | Legal Advisor | Company | Provided legal counsel to Emperador Properties for the acquisition, with a specialized team of corporate and tax lawyers. |
| Priesa | Previous Owner | Company | A part of Grupo Villar Mir, was the original owner from whom Incus Capital acquired a stake in 2021. |
| Andrew Tan | Leader of Emperador Properties | People | Leads Emperador Properties and is associated with Megaworld Corporation. |