Mercado de San Miguel
The food market at San Miguel Plaza in the heart of the historic centre of Madrid is one of the city’s major attractions and is a designated heritage-protected building in Spain. Constructed in wrought iron and glass, the 1,764 sqm building is divided into 40 + high-end culinary experiences brought by chefs who are renowned both in Spain and abroad.
Acquired in 2017, this gastronomic market has been a magnet for foodies from the start and a fixture on Madrid’s tourist trail. After one year of active asset management to boost the quality of the culinary offer, the Mercado was relaunched in 2018 as a high end dining venue.
The renovation and re-opening strategy of the centrally located market has been focused especially on the improvement of aspects such as quality, cleanliness, price points, ingredients and customer experience of the food, drink, desserts, coffee and takeaway offering.
The Mercado de San Miguel is now one of Europe’s leading gastronomic markets, making it one of Madrid’s most popular sites, attracting the majority of the city’s visitors. This gourmet market, made to measure for lovers of fine food, is currently considered to be Madrid’s principle culinary temple and the reference point among all European gastronomic venues.
Asset type
Gastronomy
GLA
1,764 sqm
Acquired in
2017
Transaction price
70 million EUR
Risk profile
Core +
Tenants
40+ high-end culinary experiences