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 Dunas Capital forms the Compensation Board for the Alma Meco logistics area 09 March 2026 Market Updates Santander, BBVA and Buenavista finance €60M surf lagoon project 09 March 2026