Two of Franco’s great-grandchildren sell 7 luxury apartments in Madrid for almost 60 million

A little over a year ago, in May 2023, it became known that the children of Mariola Martinez-Bordiuthe dictator’s second granddaughter Francisco Francowere planning to build luxury apartments at number 53 on the central Velázquez street in Madrid, evicting its current tenants. Through the company ARD V53, the brothers Francis Borgia y Jaime Ardid Martinez-Bordiu They joined the real estate rush in the most expensive and exclusive area of ​​the capital and, once the building was transformed, sold a total of 13 luxury homes. And, for now, the plans are going according to plan.

The brothers have only sold seven apartments, although the figures they are dealing with are scandalous. According to reports The Confidential, have signed sales contracts worth 57.77 millionwhich gives an average value of each of these units of more than 8 million euros. For these pre-sales, which will be formalised once the works have been completed in the summer of 2025, ARD V53 has received advance payments of 1.2 million euros.

The residential project brings together A total of 13 apartments, two per floor, with surfaces ranging from 350 to 390 square meters. each oneincluding a 700 square metre penthouse on one floor, with prices between 6 and 12 million euros. The square metre, therefore, is around 17,000 euros. The development also has 12 storage rooms and 22 garage floors. In the amenities There is a swimming pool, jacuzzi, heated indoor pool, games room and Turkish bath. The building is being renovated and the works are expected to be completed by the end of summer 2025, the aforementioned media outlet explains.

As soon as his decision was made official, the great-grandchildren of the coup general They informed the tenants of the property that the rental contract was no longer going to be amended.. Among those affected were important corporate firms, such as GBS Finance, a company that has been located in the building for 30 years, and whose contract, like the rest, ended in 2024. The purchase of Velazquez 53 cost between 60 and 64 million euros to the company ARD V53, 100% owned by ARD-ID Investment & Development, the family holding company of Mariola’s children and Rafael ArdidJaime, Javier y Francisco.

ARD V53 is a company that owns other companies in the familyall related to the hotel, tourist apartment and real estate business. They are, for example, The businessmen behind the purchase and subsequent sale of Gran Hotel Velázquez located at number 62 of the same street.

Mariola Martínez-Bordiú is Franco and Carmen Polo’s granddaughter, not divorced, more discreet and more reluctant to be photographedShe married Jaime Ardid Villoslada in 1974, who was a grandson of Republicans sentenced to forced labor, and it was the last wedding that Franco attended in El Pardo.

Mariola is an architect by training and she and her husband have always had a relationship with real estate investments.. In addition to his children’s recent investments, he made headlines in 2019 because the existence of a brothel was discovered from which 23 women forced into prostitution were freed. It was located on his property located at number 133 on Paseo de las Delicias.