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: Hotels Arnaiz completes a holiday apartment project in Madrid 28 July 2026 Residential SilverPine acquires Madrid building for serviced apartment scheme 04 August 2026