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: Market Updates Portuguese Government invests €16M in the restoration of Burnay Palace in Lisbon 05 November 2026 Residential Premier buys land in Los Cerros to build 150 homes 28 October 2026