Generali Real Estate leases Orense 2 building in Madrid to EY

Generali Real Estate has secured a significant lease agreement with international consultancy firm EY for the prominent Orense 2 office building in Madrid. The building, owned by Generali Spain and managed by Generali Real Estate, will undergo a complete refurbishment under the design of Estudio Lamela architects. The property, spanning 13,500 square meters across 11 floors, will offer a cutting-edge work environment in line with the highest international sustainability standards.

The Orense 2 building’s requalification project is centered on sustainability and energy efficiency, aiming to achieve over 30% energy savings and a 40% reduction in water consumption compared to similar buildings. The property is currently working towards LEED certification, further reinforcing its commitment to environmental standards.

EY’s new lease marks a major milestone in the firm’s workspace evolution. The Orense 2 building will become a key part of the EY Campus in Madrid, along with EY’s corporate headquarters at Torre Azca. The two locations will be seamlessly connected by a pedestrian pathway, creating a dynamic, flexible work environment that fosters collaboration and innovation.

The building’s strategic location in one of Madrid’s most sought-after business and retail districts provides excellent connectivity and access to a range of services, making it an ideal choice for EY’s new office space.

Reflecting a shared commitment to sustainability, the lease includes “green” clauses that emphasize energy optimization, CO2 reduction, and the promotion of renewable energy. These measures align with the long-term sustainability goals of both Generali Real Estate and EY.

Carlos Becerril, Head of Investments & Asset Management Iberia at Generali Real Estate, commented, “We are pleased that EY has chosen Orense 2 as the ideal location for their strategic growth, aligning perfectly with their evolving workspace needs. We are proud to continue leading the way in sustainability in real estate and contributing to the revitalization of Madrid’s urban landscape.”