Building on this longstanding presence in real estate, Mapfre shifted its strategy over the past decade, partnering with top-tier international firms to begin channeling its real-asset investments through real estate funds. Under its most recent strategic plan, covering 2024-2026, the company has reinforced this approach with a string of premier building acquisitions that place Mapfre Inmuebles among Europe’s leading real estate investors.
Perhaps the most emblematic of these deals closed in Madrid in late 2025: the Ombú Building, an iconic property in the Arganzuela district with more than 14,000 square meters of floor space, another 12,000 square meters of green space, and a comprehensive renovation designed by Norman Foster’s renowned architecture firm.
Originally built in 1905 as a power plant, Ombú is today one of the most valuable office buildings in Méndez Álvaro, a prime business district in southern Madrid. The property meets the highest standards of sustainability and energy efficiency, including LEED Platinum certification, and serves as the Spanish headquarters of EA Sports, one of the world’s leading video game developers.
Investing in Italy
Mapfre Inmuebles’ focus extends well beyond Spain: the company actively pursues investment opportunities across Europe’s major capitals. In that vein, in March of this year the group partnered with Swiss Life to acquire a distinctive, historic office property in the very heart of Rome.
The transaction, Mapfre’s first in the Italian capital, gives it control of two unique real estate assets. The first is Palazzo Volpi Galloppi, a 17th-century building on Via del Quirinale in the city center. The second is the adjoining building at Via delle Quattro Fontane 147, set within one of Rome’s most historically and architecturally significant areas.
Leased to IVASS, the public authority that supervises Italy’s insurance industry, the two buildings offer a combined total of more than 14,700 square meters of office space in the business district. Part of Rome’s architectural heritage, the complex is distinguished by its Baroque design, its terraced hanging gardens, and its
exceptional location beside the Presidential Palace and the Quattro Fontane crossroads.
Expanding in Ireland
One month later, in April, Mapfre announced the acquisition of another office building in a major European capital; this time, Dublin.
Partnering with Manova Partners, an independent international real estate investment firm headquartered in Munich, Mapfre completed the purchase of One Haddington Buildings, a Grade A property that meets the highest standards of sustainability and energy efficiency. Among other credentials, it is certified as a Nearly Zero-Energy Building (NZEB).
Built in 1995 and fully refurbished in 2022, One Haddington offers 3,800 square meters of office space in the heart of Dublin’s central business district (CBD). That prime location is a key reason the building is fully let under long-term leases.
As Mapfre Inmuebles General Manager Carlos Díaz Gridilla explains, the three acquisitions reflect the core of Mapfre’s real estate strategy in Europe: “We prioritize investment in high-quality office buildings in prime locations that can generate stable, long-term income.”
The group’s property purchases have not been limited to those made by Mapfre Inmuebles. In July 2025, Mapfre RE, the company’s reinsurance arm, completed the acquisition of an office building on Madrid’s Calle María de Molina. With this investment—a nine-story building in one of the Spanish capital’s premier business districts—Mapfre RE aimed to diversify its portfolio with additional alternative assets.
The properties acquired over the course of the current strategic plan join a real estate portfolio that has, for decades, included true architectural gems, historic landmarks, and office buildings of the highest value.
Some of the most prominent assets are the Torre Mapfre Barcelona (one of the iconic skyscrapers of Ciudad Condal, with 46,000 square meters of offices with sea views and located at the foot of the Port Olímpic), the building Piazza Firenze in Milan (nine floors of modern office plants in the center of the city locked) and the Brabant Building in Brussels (office complex of more than 6,000 square meters framed in the Rue de la Loi, in the heart of Barrio Leopold, the area where all the Community institutions are located).
In all, Mapfre has invested more than €2.2 billion directly in real estate, along with a further €800 million through its indirect portfolio, making it one of the leading real estate investors in both Spain and Europe.s.
