Madrid regional government re-auctions luxury penthouse for 6.7 million euros

The property, located on Paseo del General Martínez Campos, is back on the market after the previous auction failed.

Facade of a classic style residential building in Madrid.
IA

Facade of a classic style residential building in Madrid.

The Community of Madrid has relaunched the auction for a penthouse located on Paseo del General Martínez Campos, setting a starting price of 6.69 million euros until October 21.

The sale process, managed by the public company Planifica Madrid, has been reactivated after the previous call ended without receiving any bids. According to official documentation, if the property is not awarded within this new period, the proposal will become a permanent public offer on an indefinite basis.
The tender specifications state that the award will be decided based on economic criteria, prioritizing the most advantageous bid. In the event of a tie between interested parties, preference will be given to the proposal that was registered first on the contracting profile.
The regulations expressly prohibit the participation of intermediaries, requiring that the entity or person submitting the bid be the same as the final awardee. The property was originally acquired by the regional government to provide space for work and occasional accommodation for officials on official visits.