- The business will be located at number 136 of Velázquez Street, in the heart of Barrio Salamanca, and will have spaces dedicated to the care of pets
- It is the largest investment in retail assets that Iskaypet Group has executed to date in Spain: 4 million euros
Madrid, October 28, 2021. SILICIUS Real Estate, SOCIMI specialized in the management of long-term properties with stable rents, has reached an agreement with one of the companies of Iskaypet Group, a leading company in Iberia in pets care, for the opening of its first flagship store at number 136 of Velázquez Street in Madrid, in the heart of Barrio Salamanca. The establishment, which has an area of 4,000 sqm, will host four different services of the KIWOKO brand, which will reflect the company’s purpose of helping to improve the lives of all pets.
The flagship, which will open its doors at the beginning of 2022, will be located in a premises owned by SILICIUS and that previously, for more than 40 years, hosted the Vips restaurant as a tenant. The property has great visibility, with double façade of 80 meters along Velázquez and López de Hoyos streets. Now, it starts a new stage and will focus on comprehensive pet care.
In this new KIWOKO, the company will host four different services of the brand, a store, a veterinary hospital equipped with the latest technology and attended by the highest level professionals; a beauty salon and a canine nursery service so that the animals are never alone.
This operation is the highest investment that Iskaypet Group has executed to date in Spain in a retail asset, with an investment of approximately 4 million euros.
The real estate consultancies Cushman & Wakefield and Savills Aguirre Newman have actively participated in the formalization of this new project that SILICIUS has just presented after its incorporation into BME Growth.