Business · Companies · 4 hrs ago
Grupo Sounds to revamp former Pachá Madrid nightclub
Grupo Sounds has signed a long-term lease to take over Madrid’s former Pachá nightclub from property owner Dreamvest Real Estate.
The venue is at 11 Barceló Street and has operated as Teatro Barceló since 2013.
A renovation costing €8 million to €10 million is planned, and the work is expected to take 12 to 15 months.
The building is a protected cultural property, and the group plans to preserve its old theatre-style layout.
The club can hold more than 1,000 people, and the project is expected to create about 200 jobs.
The venue could reopen in late 2027 or early 2028, but its new name has not been decided.
Grupo Sounds has signed a long-term lease for the former Pachá Madrid nightclub and plans a major renovation.
The group expects to invest between €8 million and €10 million in the work.
The renovation could take 12 to 15 months, with the venue expected to open in late 2027 or early 2028.
The building at 11 Barceló Street has about 2,589 square metres across four floors and is a protected cultural asset.
The venue’s future name has not been decided.
- Who
- Grupo Sounds will take over management of the venue under a long-term lease with property owner Dreamvest Real Estate.
- What
- The group plans a major renovation of the former Pachá Madrid nightclub.
- When
- The work could take 12 to 15 months, with opening planned for late 2027 or early 2028.
- Where
- 11 Barceló Street in Madrid, Spain.
- Why
- Grupo Sounds aims to transform the venue and expand its presence in Madrid’s nightlife sector.
This story does not have two clearly opposing sides.
Pachá Madrid was established in the building on Barceló Street.
Pedro Trapote bought the property from Ricardo Urgell and took over its management.
The venue began operating under the name Teatro Barceló.
The venue was sealed for six months over an administrative issue related to increased capacity; the penalty has since been fully served.
Grupo Sounds signed a long-term lease and announced plans for a major renovation.
- Planned investment
- €8 million to €10 million
- Estimated renovation period
- 12 to 15 months
- Expected opening
- Late 2027 or early 2028
- Building size
- About 2,589 square metres across four floors
- Location
- 11 Barceló Street, Madrid
- Projected jobs
- About 200 direct and indirect jobs