Iberian Property > News > Market Updates Montemadrid sells Palacio de la Música to investor group Zephyros The building, located on Gran Vía and protected for its heritage value, will be transformed into a contemporary cultural space within an estimated three years. Alexandre Lima | 26/06/2025 Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Retail Alerce is set to develop a 14,500-sqm retail park in Madrid 28 May 2026 Residential Starwood is set to acquire Nuveen’s portfolio for €200M 27 May 2026