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: Hotels Hilton and Santander to launch long-stay accommodation in Madrid in 2028 29 May 2026 Offices GMP is finalising the purchase of AstraZeneca’s Madrid headquarters for €100M 27 May 2026