Iberian Property > News > Offices Renfe considers purchase of the Méndez Álvaro Faro building for €109M The property, owned by the Ardian fund and currently undergoing refurbishment, covers 13,688 sqm and is located in one of Madrid's most rapidly transforming office areas. Alexandre Lima | 22/09/2025 Faro building, Madrid. Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Ilunion and Avintia will build their first care home under Madrid’s 40/40 Plan 06 November 2026 Residential Global Asset Capital sells a PBSA asset in Madrid to an international investor 28 October 2026