Wary that areas like London’s Canary Wharf are losing tenants as remote working grows, developer Crea Madrid Nuevo Norte has tried to future-proof by studying 16 similar projects. — Reuters
MADRID has broken ground on a new business district three decades in the planning, but with similar zones in London, Paris and New York struggling as more people work from home, critics see a risk the project could become a giant white elephant.
With a first phase due to be completed by 2035, Madrid Nuevo Norte (MNN) will add 1.6 million 17 million sq ft of office space to the capital, including Spain’s tallest skyscraper.
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