Allianz’s Castellana 200 becomes the first asset in Spain to receive the firm’s innovative smart upgrade package

Madrid | Paris | Munich, 05/03/2022

Castellana 200, a prime mixed-use office and retail asset in Madrid managed by Allianz Real Estate, has become the first asset in Spain to integrate the firm’s innovative suite of smart upgrades – the ‘Building Signature Program’. 

This proprietary asset management program ensures buildings meet the very highest standards in terms of innovation, digitalization and connectivity as well as making a positive social and environmental impact.

Central to Allianz Real Estate’s approach to innovation is improving the user experience through tech-based, sustainable solutions. Data generated by the suite of sensors and smart devices deployed within the Building Signature Program enables the monitorization and optimization of air quality, temperature and light, and the concentration of CO2, as well as the analysis of space usage and occupancy rates. The implementation of smart access controls to facilitate contactless entry, room bookings and elevator traffic optimization all contribute towards a user-focused workplace. These advanced features are already available to the suite of existing prime tenants in the building.

As a result of this smart enhancement, Castellana 200, which was acquired in 2019, has been awarded the prestigious LEED v4.1 Operations + Maintenance (O+M) Platinum certification, the latest version of the LEED rating system. This represents the maximum possible rating and raises the bar on energy efficiency, water conservation, site selection, material selection and waste reduction.  

The achievement of the LEED certification marks another step in Allianz Real Estate’s journey towards becoming carbon neutral by 2050. In Spain, the firm will continue accelerating several initiatives designed to assess all assets, with the goal of fully decarbonizing its portfolio in the region.  

Located in Paseo de la Castellana, the most important street in Madrid’s central business district, Castellana 200 is comprised of two office buildings with a gross lettable area of over 20,000 sqm. It also incorporates a 6,500 sqm upmarket shopping center.  


Miguel Torres, Head of Iberia at Allianz Real Estate

Miguel Torres, Head of Iberia at Allianz Real Estate

Miguel Torres, Head of Iberia at Allianz Real Estate, said: “Castellana’s LEED certificate marks yet another great achievement as the building becomes a market benchmark for innovation and the highest quality technological standards in Spain. As the first deployment of our Building Signature Program in the country, this asset underscores the sophistication of our work and the value we create for our tenants as we continue to offer best in class assets in the Spanish market and beyond.”


Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe

Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe

Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe, said: “This prestigious certification highlights our commitment to decarbonizing our portfolio as well as our ability to significantly improve our assets’ operational efficiency through innovative, data-driven asset management. This will both effectively reduce costs while optimizing ESG performance to deliver portfolio resiliency for our clients.”

Castellana 200 is in the process of obtaining a Smart Score certification by Wired Score as well as a Silver level upgrade. The certification identifies best in class smart buildings that deliver an exceptional user experience, drive cost efficiency, meet high standards of sustainability and are fully future-proof [1].


[1] SmartScore certification - WiredScore

Tagged with:

Innovation Mixed Use Europe

Press Contact:

Paula Eirich
Paula Eirich
Head of External Communications

When introducing a property investment opportunity to PIMCO Prime Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.

"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, 479 Lujiazui Ring Road​, Shanghai Tower, Pudong New District ​, Shanghai 200120​, People’s Republic of China​), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.

PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.