Andrew Tan expands his billion-dollar Spanish property group

Business tycoon Andrew Tan is expanding his billion-dollar Spanish real estate arm with the opening of the group’s first overseas shopping center in Madrid, Spain.

Called Torre Caleido Shopping Center, the project features “modern design and architecture” and is located near the Cuatro Torres business district in the Spanish capital.

“We are honored to share this new milestone with the entire Philippine nation,” Kevin Tan, who is Tan’s son and the CEO of the family’s flagship holding company, Alliance Global Group Inc., said on his page. Facebook.

“As a proudly Filipino company, we will continue to pursue and engage in key projects and developments that will put the Philippines on the global map and bring great pride to our compatriots,” he added. The Torre Caleido Shopping Center, which offers high-end shops, restaurants and other shopping center amenities, is a project of the Tan Emperador Properties SA family, a private company in Spain.

Emperador Properties is the real estate arm of Grupo Emperador, a property management and acquisition company with assets valued at around $1 billion, according to its website.

It was named after Tan’s multinational liquor conglomerate, Emperador Inc.

Emperador Properties also owns Torre Digital One and the 55-story Torre Emperador Castellana, among the defining structures of Madrid’s skyline.

Tan acquired the Torre Emperador, then called Torre Espacio, as a personal investment in 2015.

That same year, Emperador Inc. announced the acquisition of Fundador Pedro Domecq, Spain’s largest and oldest brandy producer.

Over the past year, the alcohol giant has taken steps to increase its visibility overseas as part of an aggressive strategy to increase international sales.

Last July, Emperador completed a secondary listing on the Singapore Securities Trading Ltd. Stock Exchange, complementing a previous listing on the Philippine Stock Exchange.

The company’s whiskey and brandy products are available in over 100 countries around the world. It earlier announced plans to grow international sales to 50% of revenue and profit by 2025.

—Miguel R. Camus INQ

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