The majority of the plan for the new Madrid Formula 1 Grand Prix will be built on the grounds of the Madrid Exhibition Institute (IFEMA), but the existing streets of the Valdebebas neighborhood will also be used for a circuit that will be considered semi-urban. . Near these arteries there are many land lying fallow on which nothing has been builtowners, private companies and public administrations will be able to benefit from the motor racing queen’s new stop in Spain.
The biggest beneficiary of the project and also its biggest supporter is undoubtedly the Community and IFEMA, a semi-public company controlled by the Madrid City Council, the Chamber of Commerce and Industry and the Montemadrid Foundation. The first savings bank established in Spain. In addition to your tour between the different warehouses of the ‘macro palace of congresses’, He will also tour the annexed lands that the organization owns and plans to expand.it was finally put on hold due to the pandemic and now because Formula 1 is down. available Space Crazy CoolKnown as one of the main protagonists of the Grand Prix celebrations, it is the place where the music festival is held every year.
The only person who will gain a direct economic return from organizing the Grand Prix is IFEMA. But the northern and eastern part of the new route will pass by land owned by Real Madrid, land controlled by Realia, Mexican magnate Carlos Slim or a Filipino hotel company, among others. What is clear is that infographics Shared by the motorcycle festival organization They can’t be certain Because They assume the circuit passes through privately owned land.
Real Madrid Sports City, privileged views
There is only one motorway to the east between Formula 1’s shared route and the Real Madrid Sports City grounds: the M-11. Special, White club added 1.2 million square meters to the settlement planAn area equivalent to approximately 300 football fields. The truth is that only some of them have been developed combining sports, hotel, industrial, storage and car park uses, all serving different categories of the club.
However, the surface of the land closest to the runway is not built up with vegetation but will enjoy a privileged view of the asphalt. It will be located at the closest point between the temporary settlement plan and the Real Madrid field, with permission from the International Automobile Federation (FIA). The entrance to the only tunnel the circuit will have. It is currently unknown whether Real Madrid will be able to profit from the event by setting up ‘fanzones’ or stands to enjoy the race.
In addition to the territory of the existing Sports City, Real Madrid will own a small plot of 3,036 square meters in the northernmost area of the circuitWhere the route passes according to infographics. The owner of this land was never made public, it was only included in the neighborhood map prepared by the X (former Twitter) account Hilos Valdebebas, with information obtained from private sources.
City Council and Carlos Slim
Co-located with this small Real Madrid estate is a cluster of plots that have become Formula 1’s new neighbors overnight and will descend on the capital in 2026. More than 17,700 square meters of surface and 50,500 buildable areasis Property of the Madrid City Council. As EL PERIÓDICO DE ESPAÑA of the Prensa Ibérica group announced months ago, the City Council’s intention is to get rid of it for a price of around 40 million euros, although it was never put up for auction because the budget project was cancelled. The plenary session is something that may now change with the formation of an absolute majority of the PP in Cibeles and the arrival of automobile competition.
It is located after the City Hall Two lands belonging to Realia, the listed real estate company owned by Mexican mogul Carlos Slim, who is also the largest shareholder of Fomento de Construcciones y Contratas (FCC). Plot 189-B, with 12,529 buildable square meters, is valued by Realia at just over 10 million in 2021, while the smaller 189-C has only 9,070 buildable square meters. It is not known yet whether the company has any projects related to these.
Land east of Realia bought supermarket chain Ahorra Más from developer Metrovacesa for 5.4 million euros in 2018It is owned by Banco Santander, BBVA and Slim. About her construction of a supermarket was planned According to neighborhood sources, a construction booth was even set up to start the currently paralyzed construction. They can now cancel development with the F1 project or resell the property.
The penultimate owner of the land surrounding the route of the future Madrid Grand Prix was actually Metrovacesa itself, although the situation of this land is complex. As ‘El Confidencial’ was published, This land was sold to Fusara by the contractor for 47.7 millionA foundation linked to the Catholic Church is currently being investigated by the courts for an alleged estate scheme aimed at plundering its assets.
F1’s new neighbor is a mysterious Filipino hotel chain
Finally, the big neighbor of the future Madrid Grand Prix Hotel 101A mysterious Philippine hotel chain that very recently announced the purchase of land, EL PERIÓDICO DE ESPAÑA reports. Hotel complex planned to be built It will be one of the five largest in the capital with more than 700 rooms. The organizer’s intention is to sell these accommodations to Asian investors seeking to obtain a ‘golden visa’ to legally reside in Spain.
Behind this development and the hotel companyat least partially Philippine Government itselfAs reported vozpopuli. The company even drew up a pseudo-route around the hotel on its social networks, which isn’t far off from the infographic currently shared by Formula 1. A few meters away, I’m enjoying someone privileged appearance that may eventually be reflected in prices.
Exclusive views
In addition to all the above-mentioned agents that will be affected by the presence of Formula 1, there are two more. It will be the first one All residents of the neighborhood of Las CárcavasCovering the northwestern region of the circuit. These are standard residential developments, some high-rise and others small detached houses or neighborhood-shaped villas.
The Spanish-Swiss manager’s new flexible apartment project will also have a privileged position. stoneweg and background Bain CapitalHE They bought land from the Madrid City Council for 45 million, where one of the curves of the circuit will now be found. Both partners have begun construction of nearly 600 apartments that will be rented for short- and medium-term stays of one month to one year. There is a great reaction in the neighborhood to this project, which criticizes the height of the building.