Spanish property developer Vemosa has acquired a famous Madrid building located at 30, Gran Via avenue for EUR 45 mln, the company said in a press release. Previously occupied by Telefonica, the office property is located in the centre of the Spanish capital and provides some 9,074 m[sup]2[/sup] distributed on 15 storeys and two underground levels. Vemosa said it has not yet decided whether it will use the property for offices or residential units.
Spanish property developer Vemosa has acquired a famous Madrid building located at 30, Gran Via avenue for EUR 45 mln, the company said in a press release. Previously occupied by Telefonica, the office property is located in the centre of the Spanish capital and provides some 9,074 m2 distributed on 15 storeys and two underground levels. Vemosa said it has not yet decided whether it will use the property for offices or residential units.
Established in 1975, Vemosa has built 4,200 houses in the country over the past ten years and has a portfolio valued at EUR 1.3 bn.
