Iberian Property > News > Offices Renfe completes €109M acquisition of Faro building as new Madrid HQ Faro, comprising 14 floors of offices plus 870 sqm of terraces, was previously owned by Ardian. Alexandre Lima | 25/11/2025 Faro building, Madrid. Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Tectum to invest €350M in affordable rental housing in Spain 09 March 2026 Offices The office market in Valencia is expected to add 90,000 sqm by 2030 10 March 2026