Iberian Property > News > Offices Colonial will transform the former IBM hq's into a mixed-use building The Madrid City Council has given its provisional approval to the socimi's project, which envisages an investment of 86.4 million euros and the completion of the works in 2027. Alexandre Lima | 28/02/2025 Former IBM headquarters in Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Hercesa and Buenavista are developing a 128-flat project in Alcalá de Henares 25 June 2026 Logistics Marq Logistics launches 51,450 sqm of logistics space at Oaxis Park Madrid Villaverde 03 July 2026