It was Huawei’s global flagship


The real estate consultancies BNP Paribas Real Estate and Knight Frank announced this Wednesday that they will market the rental of a premises located at number 48 Gran Vía in Madrid with an area of ​​1,117 square meters distributed between the ground and first floors.

The two consultancies have indicated through a joint press release that in the coming months the technology company Huawei will abandon the premises where it has been since 2019 and where it made its flagship store (‘flagship’, in the jargon of the sector), since it became the largest mobile brand in the world.

Number 48 of Gran Vía is located close to Plaza de Callao, which is why it is positioned as an ideal asset to host brands that want to install their ‘flagship’ on the most commercial street in Madrid and the second street with the most traffic. of Europe.

In that sense, in this reference urban layout for Madrid commerce, you can find the flagship stores of large companies such as Stradivarius, Zara, H

The director of High Street at BNP Paribas Real Estate, Estibaliz Parra, has highlighted that the central area of ​​Madrid has experienced a “very positive” transformation in recent years through the opening of luxury hotels and the arrival in the area of ​​brands such as Zara, which opened its largest store in the world in Plaza de España, or Uniqlo, which confirms that this new rental is a “perfect opportunity” for the retail sales sector.

In addition, he highlighted that number 48 Gran Vía is the second busiest point of this street, behind number 32 Gran Vía, where Zara and Primark are located.

In line with this, the Retail Director of Knight Frank, Tamara Sánchez, has pointed out that “the rapid recovery of tourism in the central area has caused Gran Vía to be at the ‘footfall’ levels of 2019, above 20 million annually in 2022, placing it in the second city with the highest level of pedestrians in Europe”.

Proof of this strong impulse, which is why there are not many commercial vacancies on the street, is the arrival in 2023 on Gran Vía of brands such as Nike, Victoria’s Secret, Pull