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: Logistics CV-Grupo and ATDI acquire over 50,000 sqm of logistics land in San Fernando de Henares 20 October 2026 Offices Veracruz Properties acquires NOBO office complex in Alicante 19 October 2026