All vehicles

Vehicle · Flex Living · Coworking

Mad Río Hco

Coliving and coworking beside the Manzanares river, in the heart of Madrid, on tertiary-use land, with operations expected to begin in the third quarter of 2027 and targeting BREEAM and Fitwel certifications.

Render of Mad Río Hco at dusk, coliving and coworking beside the Manzanares
Paseo Virgen del Puerto 53 · Madrid Río

General information

A mixed-use asset in central Madrid

Description

Mad Río Hco combines coliving with coworking space, in a tertiary-use building beside Paseo Virgen del Puerto. The programme is arranged by floor: coworking on the ground and first floors, and flex living on the upper floors, with suites on the top floor and a rooftop.

The land was acquired in July 2023. The mixed functional layout responds to operational criteria and to the requirements of the operator, NUVA Living. The project is pursuing the BREEAM and Fitwel environmental certifications, prioritising energy efficiency, sustainable design and resident wellbeing.

Services and amenities

Shared spaces

  • Coworking
  • Pool
  • Rooftop + BBQ
  • Café

Building services

  • Laundry
  • Parking
  • Cleaning
  • Maintenance

Asset location

In the centre, beside the Manzanares river

Aerial view of central Madrid with the Manzanares river and Madrid Río, the setting of Mad Río Hco
Madrid Río · beside the Manzanares river and the M-30, in the heart of the city

The finished project

How Mad Río Hco will look

Render of the completed Mad Río Hco building, with a timber-slat façade next to Paseo Virgen del Puerto
Project render · Non-contractual image

The project in images

Spaces and amenities

Render of the Mad Río Hco façade onto Paseo Virgen del Puerto, with timber slats
Façade · Paseo Virgen del Puerto
Render of a private terrace at Mad Río Hco with a glass balustrade and greenery
Private terrace · Seating area
Render of the pool and garden at Mad Río Hco
Pool and garden
Render of the penthouse and rooftop of Mad Río Hco, showing the upper façade detail
Penthouse and rooftop · Façade detail

Progress of the works

From plot to structure

Demolition works on the Mad Río Hco plot, June 2024
Demolition · June 2024
Foundation slab and rebar of Mad Río Hco, December 2025
Foundations · December 2025
Excavation between retaining walls at the Mad Río Hco site, March 2026
Excavation · March 2026
The Overlord Gestión team during a visit to the Mad Río Hco site
Team site visit

Investment timeline

From land to exit

  1. Milestone 01

    Land purchase

    Acquisition of the tertiary-use land and start of the investment.

  2. Milestone 02

    Permit

    Application for and obtaining of the building permit.

  3. Milestone 03 · In progress

    Building works

    Start and execution of the works on the mixed coliving and coworking building.

  4. Milestone 04

    Works completion and final certificate

    Completion of the works and obtaining of the final works certificate.

  5. Milestone 05

    Income stabilisation

    Start of operation — expected in the third quarter of 2027 — and maturing of occupancy and rents.

  6. Milestone 06

    Possible exit

    Divestment expected once the asset is stabilised.

Closed vehicle · Under construction

Madrid Río is no longer open to new investors

The vehicle is closed to new co-investors and currently under construction. If you are considering a co-investment, Cesaraugusta Prime — prime rental in Zaragoza — is still open: we will walk you through the assumptions, risks, structure and terms in its investment memorandum.

Talk to the team