What Madrid Nuevo Norte does

Crea Madrid Nuevo Norte, S.A. (CreaMNN) is a private joint-stock company (sociedad anónima, N.I.F. A-80736903) founded in 1993 and headquartered at Paseo de la Castellana 216, planta 15ª, 28046 Madrid, Spain. It functions as the public-private vehicle responsible for the planning, urbanization, and integrated development of Madrid Nuevo Norte (MNN), one of Europe's largest urban regeneration projects, spanning roughly 3.3 million square meters of former railway land in northern Madrid adjacent to the Chamartín transport hub. With a headcount of approximately 51–100 employees, the entity consolidates and manages the lands contributed by railway infrastructure operators and private landowners, coordinates multiple public administrations, and drives the project through its execution phase.

The core product is the integrated urban development itself: approximately 10,500 housing units (of which around 38%, or ~3,800 units, are designated for public/social housing and approximately 20%, or ~2,100 units, are protected housing), an estimated 1.6 million m² of tertiary/office space, a large central park built over the rail infrastructure (the "Cubierta Verde" / Green Roof), transport interchange hubs, and associated commercial, cultural, and institutional uses. The project is organized into four development zones: Las Tablas Oeste, Centro de Negocios, Malmea-San Roque-Tres Olivos, and Fuencarral. The development has obtained LEED for Cities and BREEAM precertifications, reported as the first large-scale European urban development to secure both.

The business model is a long-duration public-private partnership: CreaMNN holds preferred bidder rights over the railway lands, coordinates urbanization works, and monetizes the project primarily through the sale or long-term lease of urbanized plots (residential, commercial, and tertiary), transfers of public-housing stock to the relevant administrations, and infrastructure concession arrangements. Project financing is approximately 90% private (from landowners and developers) and 10% public, with projected macroeconomic impact of approximately €15.2 billion in GDP contribution, 350,000 projected jobs, and €4–6 billion in expected public revenues over the lifecycle. Strategic counterparties are concentrated in the Madrid City Council (Ayuntamiento de Madrid), the Community of Madrid (Comunidad de Madrid), ADIF, and RENFE.

Name

Madrid Nuevo Norte

Legal name

CREA MADRID NUEVO NORTE, S.A.

Website

https://creamadridnuevonorte.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Crea Madrid Nuevo Norte is a public-private development vehicle established in 1993 to plan, urbanize, and transform roughly 3.3 million m² of former railway land in northern Madrid into a mixed-use district of ~10,500 homes, offices, and a central park, coordinating landowners, the Madrid City Council, the Community of Madrid, ADIF, and RENFE.

Ownership category

akta.pro rank

Product category

Urban Development

NAICS

Land Subdivision (23721), Residential Building Construction (23611), Commercial and Institutional Building Construction (23622)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Urban development
• Real estate development
• Public-private partnership
• Urban regeneration
• Mixed-use development

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Urban Development and Land Development: The project generates revenue through the development and subsequent sale or lease of urbanized land, buildings, and commercial spaces. The 90% of investment in Madrid Nuevo Norte and associated infrastructure is private, funded by land owners.
2. Public Infrastructure Development: Revenue from public administration contributions and infrastructure development contracts managed through public procurement processes.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Crea Madrid Nuevo Norte is a private sociedad anónima developing the Madrid Nuevo Norte urban regeneration project, which transforms disused railway lands in northern Madrid into a new urban district featuring residential neighborhoods, commercial space, a large central park, affordable housing, public infrastructure, and supporting business services. The company acts as the developer and project manager coordinating the planning, urbanization, and delivery of the new district.

Product overview

Madrid Nuevo Norte is an urban development project website for the transformation of unused railway lands in Madrid into a new city district. The offering consists of an interactive web platform with multiple components: the main project navigation tool, a citizen participation platform (Participa) for community engagement, the business center component, and the central park feature. The site also provides information about residential development including affordable housing. The project is developed by Crea Madrid Nuevo Norte, S.A. and represents one of Europe's largest urban regeneration initiatives, divided into four management areas: Las Tablas Oeste, Malmea-San Roque-Tres Olivos, Centro de Negocios de Chamartín, and Fuencarral.

Differentiator

Problem solved

Functional benefit

Products and services

• Parque Central
• Centro de Negocios
• Affordable Housing (Vivienda Asequible)
• Interactive Project Navigator (Navegador Interactivo del Proyecto)
• Participa Platform (Plataforma Participa)

Quantifiable outcome

• 350,000 jobs to be generated
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature2 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Entidades Públicas Ferroviarias (ADIF, ADIF-AV, RENFE Operadora, RENFE Ingeniería & Mantenimiento)coreStrategic or Co-development Partner · 1 January 1993CreaMNN has been the preferred bidder for development rights of railway lands since 1993. The railway entities transferred their lands to enable urban development of the former railway yards at Chamartín and Fuencarral.
• Ayuntamiento de MadridcoreStrategic or Co-development PartnerCity government leading the project as public administration, receiving 38% of housing units and collaborating on urban planning approval and infrastructure development.
• Comunidad de MadridcoreStrategic or Co-development PartnerRegional government collaborating on the public-private urban development project for northern Madrid transformation.
• Juntas de Compensación (Compensation Boards)coreStrategic or Co-development PartnerPublic law corporate bodies with legal personality responsible for urban planning execution, land redistribution among property owners, and infrastructure development within their areas.
• Instituto L.R. Klein (Universidad Autónoma de Madrid)minorOthersAcademic institution that conducted the economic impact study projecting 350,000 jobs, €15.2 billion GDP impact, and €6 billion in public revenues from the project.
• SmartCitiesWorldminorOthersInternational smart cities publication that featured Madrid Nuevo Norte in its City Profile 2024 as a visionary urban regeneration project.
• Green Building Certification Institute Europe (GBCI Europe)minorOthersEuropean certification body providing LEED certification services; Director Kay Killmann provided endorsement for Madrid Nuevo Norte's sustainable vision.
• Asociación de Vecinos Las TablasminorOthersNeighborhood association collaborating on citizen participation processes, hosting information sessions and workshops for Las Tablas Oeste area development.
• Asociación Vecinal La Unión de FuencarralminorOthersNeighborhood association participating in art competitions and community engagement activities for the Madrid Nuevo Norte project.
• Asociación de Comerciantes ACEPminorOthersTraders association collaborating on community initiatives and hosting competition artwork deliveries for Madrid Nuevo Norte.
• Asociación de Vecinos de Chamartín El MadroñominorOthersNeighborhood association participating in community events and festivals related to the Madrid Nuevo Norte development area.
• ETSAM (Escuela Técnica Superior de Arquitectura de Madrid)minorOthersArchitecture school with collaborative teaching agreement; students develop urban proposals for Chamartín station area as academic exercises with community input.
• Universidad de Michigan - School of ArchitectureminorOthersInternational academic institution whose students visited to study Madrid Nuevo Norte as a model of urban development being examined worldwide.
• PNUD (Programa de las Naciones Unidas para el Desarrollo)minorOthersUN Development Programme collaborating on Global Goals Jam 2018, a co-creation event addressing Sustainable Development Goals through urban design.
• MediaLAB AmsterdamminorOthersResearch laboratory co-organizing Global Goals Jam 2018 with PNUD, focusing on Sustainable Development Goals and urban innovation.

Scale indicators8 records

Broad incumbents

• Lendlease: Lendlease is a global urban regeneration developer with major mixed-use projects (e.g., Elephant and Castle, Barangaroo). Its global scale and broader portfolio make it a broad incumbent peer rather than a direct competitor, but its urban-regeneration capability and PPP expertise closely overlap with CreaMNN's mandate.
• Ferrovial: Ferrovial is one of Spain's largest infrastructure and construction operators with significant involvement in rail and urban infrastructure. As a Spanish peer with deep rail and civil-engineering capabilities, it represents the kind of construction partner or strategic counterparty that could be involved in delivering MNN's infrastructure phase.
• Skanska: Skanska is a Swedish-headquartered construction and development group with extensive European urban regeneration experience. As a broad-incumbent competitor in European sustainable urban development, it is a relevant peer for benchmarking delivery capability and PPP structuring.
• ACS Group: ACS Group (Actividades de Construcción y Servicios) is a Spanish construction and infrastructure conglomerate with operating exposure to rail, urban development, and concessions. It is a relevant broad-incumbent peer given the Spanish operating geography and infrastructure-overlap.
• VINCI: VINCI is a global concessions-and-construction major with significant urban-development and rail infrastructure exposure across Europe. Its scale, PPP capability, and rail-track-civil-engineering experience make it a strategic peer for project delivery partnership or competitive benchmarking.

Direct peers

• Canary Wharf Group: Canary Wharf Group develops a major business and residential district on former docklands in London, combining infrastructure reuse, mixed-use construction, and stakeholder-intensive planning. The transport-adjacent regeneration profile mirrors Madrid Nuevo Norte's transformation of rail yards at Chamartín.
• Argent: Argent is the master developer behind King's Cross Central in London, regenerating 67 acres of former railway lands into a mixed-use district (10,000+ homes, offices, retail, public realm). The King's Cross model — rail-land conversion, mixed-use build-out, public-private partnership — is the closest functional analogue to CreaMNN's Madrid Nuevo Norte.
• HafenCity Hamburg: HafenCity is a 157-hectare urban regeneration master plan in Hamburg that converts former port and rail lands into a mixed-use district with housing, offices, and public space. As a comparable Europe-based, publicly-backed mega-project with a sustainability mandate, it is a direct structural peer.
• COIMA (Porta Nuova): COIMA is an Italian urban regeneration platform that developed Milan's Porta Nuova district — a former rail/industrial area transformed into a LEED-certified mixed-use district. Its master-developer + ESG-certification profile mirrors Madrid Nuevo Norte's positioning as a first-in-Europe sustainable urban regeneration project.

Regional players

• Merlin Properties: Merlin Properties is Spain's largest real estate investment trust, focused on commercial real estate and urban-area assets in Spain. While not directly competing on master development, it is the most relevant Spanish regional peer for the commercial-asset and Centro de Negocios component of Madrid Nuevo Norte.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MadridNuevoN
• YouTubeyoutube.com/channel/UCu0MrDxEYK4k45WRD1ugdcA
• Facebookfacebook.com/MadridNuevoN
• LinkedInlinkedin.com/company/distrito-castellana-norte
• Instagraminstagram.com/madridnuevonorte

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madrid Nuevo Norte