Built in 1900, the five-storey building at Calle de Fuencarral 16 was completely refurbished in 2017. The long-term tenant occupying the entire property is the H&M Group, which has established a flagship store for its COS brand in the building. The approximately 1,320 sqm of rental space in the property is spread over four storeys. The retail space used by COS comprises approximately 910 sqm on the lower three floors, with storage rooms and building services located on the top floor.

Calle de Fuencarral is located right in the centre of Madrid. Footfall in this urban shopping street is more than 9,000 people an hour, making the street one of the top retail locations in Europe. Calle de Fuencarral 16 is the only property in the immediate vicinity that is used exclusively for retail.