Office profile
Banco Santander Headquarters & offices · Boadilla del Monte (Madrid), Spain
Banco Santander · Boadilla del Monte, Spain
A 250-hectare campus with 1,200 olive trees, a forest, a golf course and a nursery for 500 children — built for the bank's central services.
Kevin Roche's Santander Group City, the perks and 168 years of head offices, from the port of Santander to the edge of Madrid — then the pay. Every number from Santander's own annual report, 20-F filings and santander.com.
- 250 hacampus, opened 2004
- ≈ 8,000employees on the campus
- 1,200olive trees, 400 over 500 years old
- 198,403employees worldwide, 2025
Sources: Form 20-F / Annual report 2025 · santander.com “Our history” and “The Santander Group City turns 20!” (2024)
Companies / Spain / Banking / Banco Santander
THE HEADQUARTERS · SANTANDER GROUP CITY · 2004
Low office buildings around courtyards, a plaza and a forest
Kevin Roche wanted “a place for people”: low buildings joined by courtyards and reflecting pools, views of gardens from every floor, and a central plaza ringed by shops, restaurants and cafés instead of a canteen. Parking for 6,000 cars sits underground, lit by large light wells. The main building's cupola has the largest skylight in Spain.
- 250 hectares
- 9 office buildings
- Design: Kevin Roche John Dinkeloo & Associates
- Largest skylight in Spain
- Parking for 6,000 cars underground
- 70% green space
The plaza and the office buildings
Low office buildings are joined by courtyards and reflecting pools around a central plaza.
Gardens, olive trees and El Bosque
About 70% of the 250-hectare site is green space, with 43.5 hectares of gardens and a 70-hectare forest.
Sports centre, nursery and services
Kevin Roche wanted “a place for people”, with services for the employees on the campus.
Facts: Kevin Roche John Dinkeloo and Associates project text (Architizer) · santander.com “Our history” (Santander Group City)
Santander Group City, Boadilla del Monte
| Building | Address |
|---|---|
| Santander Group City (corporate headquarters) | Avenida de Cantabria s/n, 28660 Boadilla del Monte, Madrid, Spain |
| Registered office (Pereda building) | Paseo de Pereda 9-12, 39004 Santander, Spain |
Source: Form 20-F 2025 cover and shareholder contacts · See them on the map ↓
Source: KRJDA project text (Architizer) · santander.com “Our history” and SGC 20th anniversary · Form 20-F 2025 (solar)
Office tour videos
Benefits (Group-wide and at Santander Group City)
Paid maternity or adoption leave; at least 14 weeks everywhere in the Group.
Generally at least 4 weeks of fully paid paternity or adoption leave.
A nursery on the campus at Santander Group City.
Indoor pool, tennis and padel courts, football pitches, running track, an 18-hole and a 9-hole golf course and a golf school.
About 6,500 meals a day, with locally grown fruit and vegetables.
Part of pay can go to products such as health insurance, pension schemes and nursery discounts.
Many central-services staff can adapt their hours and work remotely; employees rate the flexibility 8.5 out of 10.
Plus a dry cleaner, optician, shoe repair, hairdresser, bank branch and internal bus routes.
Source: Annual report / Form 20-F 2025 (parental leave, flexibility) · santander.com “Our history” and “The Santander Group City turns 20!” · “What is it like to work at Santander?” (2025)
Why people stay: what Santander itself says
5.1 million hours of training in 2025; 94.6% of employees trained.
International assignments across the Group's footprint.
59,800 working hours given to volunteering in 2025.
Participation in the 2025 “Your Voice” survey.
Santander Women Network, Enable and Embrace, open to all colleagues.
Physical, emotional, social and financial well-being.
Source: Annual report / Form 20-F 2025 · santander.com/careers
Who works here
employees at end-2025
in Spain
on permanent contracts
customers
Source: Annual report / Form 20-F 2025 (employees by region, gender and contract; customers)
Office history: from the port of Santander to a city of its own
- 1857 Founded in the port city of Santander
On 15 May 1857 Queen Isabella II signed the Royal Decree authorising Banco Santander, set up to finance trade between the port of Santander and Latin America.
Source: santander.com, Our history
No free-to-use photo found yet.Have one? We’d love to add it. - 1923 Paseo de Pereda, Santander
The bank moved its headquarters to the Paseo de Pereda building in Santander. Paseo de Pereda 9-12 is still the bank's registered office.
Source: santander.com, Our history · Form 20-F 2025
Paseo de Pereda, Santander, 2005 · Josep Panadero / CC BY-SA 3.0 · Wikimedia Commons - 2002 Corporate offices at Plaza de Canalejas 1, Madrid
After the 1999 merger with BCH, the annual report for 2002 gives the group's corporate offices as Plaza de Canalejas 1, Madrid. Ground was broken for the new campus in May 2002.
Source: Form 20-F 2002 and 2003 · santander.com, Our history
No free-to-use photo found yet.Have one? We’d love to add it. - 2004 Santander Group City opens
From 13 April 2004 central services moved from Madrid to Boadilla del Monte, 500 people at a time. By late July the campus housed more than 4,000 employees.
Source: santander.com, Our history
No free-to-use photo found yet.Have one? We’d love to add it. - 2008 Sold and leased back for 40 years
Santander agreed to sell Santander Group City for €1.9 billion to a consortium led by Propinvest and lease it back for 40 years, with a right to buy it back at the end.
Source: Form 20-F 2007
No free-to-use photo found yet.Have one? We’d love to add it. - 2025 Running on the sun
More than 9 MW of solar capacity now covers all the electricity used by the nine office buildings, home to some 8,000 employees.
Source: Form 20-F / Annual report 2025
No free-to-use photo found yet.Have one? We’d love to add it.
Map: how the headquarters moved
From the waterfront of Santander in the north of Spain to central Madrid, then to a campus of its own on the city's western edge.
- 1 · 1923Paseo de Pereda 9-12, Santander — Headquarters from 1923; registered office today
- 2 · 2002Plaza de Canalejas 1, Madrid — Corporate offices in the 2002 annual report
- 3 · 2004Santander Group City, Boadilla del Monte — Corporate headquarters since April 2004
Addresses: Form 20-F 2002 and 2025 · santander.com, Our history
What Banco Santander does
Santander was founded in 1857 to finance trade between the port of Santander and the Americas. Today it calls itself a global retail bank, with 180 million customers in nine core markets in Europe and the Americas.
Five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments.
Where the money came from · underlying total income by business, 2025 (€)
Source: Annual report / Form 20-F 2025, segment information (underlying income statement)
Source: Annual report / Form 20-F 2025, key consolidated data
Growth: revenue vs. people
€48.4B → €58.7B
202,713 → 198,403
Calendar years. Total income (gross income) and year-end employees: SEC XBRL data from Santander's Form 20-F filings; 2023–2024 as restated in the 2025 report. Multiples calculated by eciffo.
Chief executives
Chief Executive Officer since 1 January 2023; previously head of Santander México and Regional Head for North America.
CEO of the Group, after serving as Group Chief Financial Officer.
Authorised by Royal Decree of Queen Isabella II on 15 May 1857. Ana Botín has been Executive Chair since 2014.
Source: Form 20-F 2025 and 2022 (board of directors) · santander.com, Our history
Banco Santander: questions people ask
Where is Banco Santander's headquarters?
At Santander Group City (Ciudad Grupo Santander), Avenida de Cantabria s/n, Boadilla del Monte, on the western edge of Madrid. The bank's registered office is still at Paseo de Pereda 9-12 in the city of Santander.
Source: Form 20-F 2025
Who designed Santander Group City?
Kevin Roche John Dinkeloo and Associates. Santander says the firm won an international competition against Norman Foster & Partners, Rafael Moneo and KMD.
Source: santander.com, Our history
How big is Santander Group City?
It covers 250 hectares, with nine office buildings, two data centres, a training centre, a nursery, an art gallery, sports facilities, a golf course and a 70-hectare forest.
Source: santander.com, Our history · SGC 20th anniversary
How many people work at Santander Group City?
Some 8,000 employees work in its nine office buildings, according to the 2025 annual report.
Source: Form 20-F / Annual report 2025
When did Santander move to Boadilla del Monte?
Ground was broken in May 2002 and employees began moving in on 13 April 2004, 500 at a time. By late July 2004 more than 4,000 people worked there.
Source: santander.com, Our history
Does Santander own its headquarters?
In 2008 Santander agreed to sell Santander Group City for €1.9 billion to a Propinvest-led consortium and lease it back for 40 years, with an option to buy it back at the end of the lease.
Source: Form 20-F 2007
What facilities do employees have at the headquarters?
A nursery for 500 children, a medical centre, a sports centre with an indoor pool, golf courses, 10 restaurants serving about 6,500 meals a day, and services such as a dry cleaner, optician and hairdresser.
Source: santander.com, Our history · SGC 20th anniversary
Does Santander offer flexible or remote work?
Santander says that in its ten main markets a high percentage of central-services employees can adapt their hours and work remotely, reviewed team by team. Employees rated flexibility 8.5 out of 10 in 2025.
Source: Annual report / Form 20-F 2025
How many people work at Santander?
198,403 employees at the end of 2025, including 34,142 in Spain and 52,696 in Brazil.
Source: Annual report / Form 20-F 2025
Who runs Santander?
Héctor Grisi has been Chief Executive Officer since 1 January 2023. Ana Botín has been Executive Chair since 2014.
Source: santander.com, Our history · Form 20-F 2025
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