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: Offices IBA Capital acquires MBOne office building in Alcobendas 22 September 2026 Residential Edgar Suites invests €13.2M its first asset in Madrid 17 September 2026