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 Prime office shortage to triple in Madrid and Barcelona by 2028 01 September 2026 Hotels Tikehau and Quest commit over €150M to first four Selecto hotels 07 September 2026