1,764

Square metres

30

Shops & Delicatessen stalls

100 %

Fully let

8

Restaurant stalls

Madrid, Mercado San Miguel

Madrid SM      Madrid-39 - San Miguel

On behalf of Redevco Iberian Ventures, the joined venture between Ares Management and Redevco, we manage one of the Madrid’s major attractions, the Mercado San Miguel. The renowned covered gastronomic market, located in the centre of bustling Madrid, is a designated heritage protected building in Spain. Constructed in wrought iron and glass, the 1,764 square meter building is divided into 30 high-end grocery and delicatessen stalls as well as eight restaurant stalls. It is a magnet for foodies and a fixture on Madrid’s tourist trail.

Redevco is focusing its asset management efforts on re-tenanting, re-marketing and refurbishment. Creating the right tenant mix includes signing Michelin star chefs and very well-recognised brands such as Arzabal, Rocambolesc and Rodrigo de la Calle. As part of the long term marketing and communication strategy, the food court and kiosks have been redesigned, a new footfall counter was added and technical installations were improved. The re-launch of the Mercado is scheduled for October 2018.


Fact & figures

  • Annual footfall exceeds 8 million visitors
  • Michelin star chefs signed
  • Tenants include Arzabal, Rocambolesc and Rodrigo de la Calle
  • Re-launch scheduled for October 2018

Mercado San Miguel

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Project Link
CATEGORY  :  Spain and Portugal,