Iberian Property > News > Offices Abauco buys two Telefónica buildings in Madrid for €25M The telecoms group will continue to occupy both buildings for two to three years before they are vacated and converted into residential schemes. Alexandre Lima | 03/12/2025 Alcalá 552, Madrid - project render. Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Offices Veracruz buys an office building in Madrid for €36.3 million 12 May 2026 Residential Grupo Egido hands over 232 new-build homes in south Madrid 12 May 2026