Prado Business Park

The highs and lows of an excellent office renovation.

In 2010, AXA Real Estate chose Gleeds to project manage the reconstruction of a collapsed building and the refurbishment of others in Madrid’s Prado Business Park.

Our expertise meant that that the design from L35 Architects remained on budget and achieved a BREEAM® Excellent rating.

Low life-cycle costs

Our team played a key role by providing AXA Real Estate with life-cycle cost services.  These helped to ensure that the refurbishment and modernization of this 40,000m² office complex was specified to high environmental standards.

Low water and energy-using design

We also helped the designers deliver their project with high-energy efficiency and water savings as its main objectives. It’s estimated the development will use just 53% water and 65% energy of that of a similar-sized building in Madrid.

The height of style

And the design is unique as well as green. It fuses a renovated listed building – the Standard Electric factory – with a sleek, modern structure to create flexible working space offering plenty of natural light and green spaces.



years separate the original buildings, built between 1926 and 1944. Previous occupiers included Alcatel and ITT.

High achiever

As further testament to its green credentials, Prado Business Park was a finalist in the Endesa awards 2011 for the best sustainable building design. 

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Ernesto Fernandez

Ernesto Fernandez
Director, Spain