Our History
With over three hundred million euros in investments, Torre Rioja is considered the most innovative developer in Spain’s office building industry. Let us explain how this reputation was attained.
Throughout the 1960s Torre Rioja started its development activity, always through ambitious and innovative projects, mostly residential.
In the 1980s, the company built a 20,000 m². office tower at 14, Rosario Pino street (at the heart of Madrid’s entrepreneurial Cuzco area). This was the first building in Spain to have an Ackerman network to allow for underground instead of ceiling cabling.
From 1990 onwards, Torre Rioja innovates again by developing an office building in the exclusive La Florida district, featuring large 3,000 m² floors. This attracted demanding clients like Volvo, Hertz, Ikea or Shiseido to host their headquarters in that building.
Since 2000, the company started to invest by purchasing plots for office building developments at the MADBIT area, Madrid’s new innovation district where many large technology companies are based. This is an outstanding area aimed at rebranding Madrid as a top European capital, and Torre Rioja is the company with the largest number of projects under construction in this zone.
From 2010 onwards, Torre Rioja made one of the largest rehabilitation works in the office building industry. The former Telefonica I+D headquarters at 79-81 Avenida de América was purchased and transformed into a modern business park with over 40,000 m². This complex rehabilitation work was acknowledged with the LEED® Platinum certificate, the highest certification given by the U.S. Green Building Council. Our project ranked first in Europe and second in the whole world.
These two buildings, after receiving the highest existing awards for their technological quality, attracted two top level customers for their new headquarters, Axa Insurance and BNP Paribas.
In 2017 Tore Rioja innovates again through a turnkey lease operation, constructing a taylor-made office building at the MADBIT area for the pharma multinational company Roche, where its IT division will be hosted. This building, with cutting-edge features, is delivered to Roche in November 2019 to host six hundred workers and serve all of Roche’s branches worldwide.
Roche’s choice to have its building constructed and operated by Torre Rioja further acknowledges us as a leading development in the office industry.
In 2018 Torre Rioja started, also in the MADBIT area, the most important of its office building construction projects: the prestigious OM∞ building with 38,000 m² and 1,200 parking lots. Torre Rioja innovates again as this building will have 9,000 m² per floor, with escalators from underground to all other levels. These two features are unique in Spain at office buildings.
Nowadays, Torre Rioja keeps making impact in the real estate industry as an engine for change through its projects, which maximize energy efficiency and environment sustainability.