- The building, located in Las Rozas, has also seen an expansion of space by the technology consulting firm Babel, which now occupies a total of 6,305 m².
- The property is jointly marketed by Cushman & Wakefield and Borneo.
The Elcano building, owned by Barings and located at Severo Ochoa 2 Street in Las Rozas, has reached an occupancy of over 7,000 m² with the arrival of the company Vannilo Holding. This business group, which develops and promotes ventures in the financial, real estate, sports, and media sectors, has leased a space of 756 m² to establish its new offices.
Additionally, the technology consulting firm Babel, which has been based in the building since 2022, has recently expanded its space within the property to occupy the entire Phase 2 of Elcano, reaching a total of 6,305 m². The asset is jointly marketed by Cushman & Wakefield and Borneo. Both operations strengthen the building’s appeal and reaffirm its competitiveness within the office market.
A modern, efficient, and perfectly connected asset
The Elcano building has been fully refurbished and holds a BREEAM In-Use certification, while also being in the process of obtaining the WELL CORE certification. It offers open-plan, modular, and very bright workspaces, along with high value-added services such as an auditorium, cafeteria, and sports facilities.
Its visibility and accessibility from the M-50 and A-6 highways, as well as its proximity to major transport hubs like the Moncloa interchange and just 25 minutes from both Atocha station and the airport, make it a prime option for companies seeking next-generation offices outside the city center.
The arrival of Vannilo and the expansion of Babel demonstrate that even in a demanding market, well-positioned, sustainable projects with distinctive services remain highly attractive to companies.
Alfredo Collar, Partner and Head of Business Space Madrid at Cushman & Wakefield, states:
“These transactions show that there is active demand for quality office space outside the city center, as long as the property meets clear criteria for efficiency, well-being, and services. Elcano has successfully positioned itself as a competitive alternative, even in a selective market environment like the current one.”
