Intelligent Real Estate Investments - Hines

In 2017, Hines and German investment company Universal-Investment acquired two prime high street retail assets with associated office space in Madrid and Barcelona on behalf of the Bayerische Versorgungskammer (BVK) account.

The property is located on the corner of Calle Preciados / Maestro Victoria and comprises two adjacent buildings, Preciados 13 and Maestro Victoria 5, and has a combined area of almost 5,000 square meters. 

Calle Preciados is the busiest pedestrian street in Madrid.

After a refurbishment which was finished in 2020, the building on Maestro Victoria 5 was leased to hotel operator Chic & Basics.


  • Calle Preciados, 13; Calle Maestro Victoria, 5, Madrid, Spain


  • Located in Madrid

Building Details

  • 53,249 square feet

Major Tenants

  • Hotel operator Chic & Basics