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: Offices Tomás Olivo buys historic Telefónica’s Gran Vía headquarters for €200M 22 May 2026 Residential Fogesa buys land in Casarrubuelos to boost social housing in Madrid 18 May 2026