Our history

The Government of Spain, the Madrid Regional Government and the City Council of Madrid together conceive the project and agree to renovate and integrate Chamartín Station and the adjacent railway grounds into the city, closing a historic rift in the city.

Renfe, at the time under the Ministry of Public Works, made a public call for tenders to award the urban development project. The successful bidder is Unitaria, a company formed by the financial institution Argentaria and the construction company San José, among others.

As a result of the award, the company Desarrollo Urbanístico de Chamartín (DUCH) was formed, with Argentaria (65%), San José (20%), and Procisa (15%) as shareholders, and with the sole purpose of promoting and developing the project.

Renfe grants DUCH the public deed for the awarding of the administrative concession, as the successful bidder for the building rights over the railway land in Chamartín and Fuencarral owned by it.

A period of shareholder stability, during which several projects are proposed but fail to prosper.

DUCH changes its name to Distrito Castellana Norte (DCN).

The Madrid City Council, the Ministry of Public Works and Distrito Castellana Norte lay the groundwork for the Madrid Nuevo Norte project.

Merlin Properties joins the shareholding of Distrito Castellana Norte with a 14.46% stake, acquired from San José Constructora, which now holds 10.54% of the company.

The Madrid Regional Government finally approves Madrid Nuevo Norte.

The Region of Madrid, the City Council, ADIF Railway Infrastructure Manager and Distrito Castellana Norte sign the framework agreement that will enable Madrid Nuevo Norte to get underway.

Distrito Castellana Norte changes its corporate name to Crea Madrid Nuevo Norte, in order to undertake the new Urban Management phase of the project.