Iberian Property > News > Offices Abauco buys two Telefónica buildings in Madrid for €25M The telecoms group will continue to occupy both buildings for two to three years before they are vacated and converted into residential schemes. Alexandre Lima | 03/12/2025 Alcalá 552, Madrid - project render. 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 Market Updates José María García Gómez, the new Minister for Housing, Transport and Infrastructure for the Community of Madrid 30 October 2026