_International property digest: Ultra-elegant Four Season residences in Madrid's city centre
Old and new mix magnificently in Madrid — from Velázquez’s moody 17th century masterpieces hanging in the Museo Nacional del Prado to the innovative and cutting-edge restaurant scene.
The mix of history and modernity in Spain’s light-infused capital city is perfectly represented at Centro Canalejas Madrid where Four Seasons are preparing to open the doors to their first Spanish hotel and private residences.
A refurbished landmark in the centre of Madrid
Centro Canalejas Madrid is a new landmark in the centre of Madrid, a refurbishment of seven handsome historic buildings forming a distinctive triangle.
Behind the painstakingly refurbished facades, everything is new: 15,000 sq m of high-end retail, a 200-room Four Seasons Hotel and across the top four floors, with wide city views, are 22 Four Seasons private residences.
These residences set a new benchmark in Spain — and mark the first time Madrid can claim a top-quality, prestigious development truly on par with the best-in-class from London, Paris or New York.
For the fortunate owners, these are super-luxurious and overwhelmingly comfortable homes combining top-quality craftsmanship and the latest technologies, with management by a leading international five-star brand.
Far-reaching views of Madrid's city centre
Residents enter through a private lobby to find themselves wrapped in Four Seasons elegance at every turn. Homes are open-plan and spacious — up to 700 sq m including terraces — with full-height windows to maximise light from Madrid’s famous blue skies.
Interiors have been designed by Luis Bustamante, winner of Architectural Digest magazine’s Interior Designer Award in 2017, awash with warm oaks, calcite marble, limestone and black granite to create contemporary and sophisticated homes.
Ultimate city living
Standout homes demand standout facilities, which is an integral part of the Four Seasons brand. Residents will have access to the hotel’s extraordinary wellness area, extending over three floors with pools, a gym, yoga studios and spa.
A director of services will oversee a team of concierges, security and front desk staff, taking care of everything from routine maintenance through to travel plans, arranging childcare or private chefs.
There are 14 dedicated staff in all, and two underground parking spaces per residence that should help owners at Four Seasons Residences Madrid enjoy the winning convenience of life in the vibrant city centre.
Buyers have been quick to see the advantages with 19 residences sold to both international and Spanish buyers. Prices for the remaining three start from €3,200,000.
Spain is forecast to see a 27% rise in UNHWIs by 2024 — and already Madrid is experiencing a boom in demand for luxury new homes. The well-connected airport which handles over 58 million passengers annually, and prime property prices that increased 8% last year, are still 70% below London’s and are all reasons why Madrid is expected to set the pace for price growth in Europe this year.
An unrivalled lifestyle
And what of Madrid’s lifestyle benefits? They include world-class art galleries and museums, 60 theatres, beautiful parks and a number of closely interconnected yet distinct barrios, each with its own colourful character.
Best of all is the city’s tantalising gourmet reputation covering artisan food markets, wood-panelled tapas bars and 20 Michelin-starred restaurants. By day the city is industriously sober, but after hours it becomes joyously vibrant as Madrileños loosen their ties, kick off their heels and meet up over plates of bocata de calamares — Madrid’s signature dish — and a bottle or two of Alberiño. Madrid truly has it all.
For more information contact Mark Harvey, Head of International Sales at Knight Frank, or click the button below to find out more about the Four Seasons private residences in Madrid.