CHINESE group Wanda is one step closer to renovating Edificio Espana in Madrid after Mayor Carmena and the Spanish government finally approved its bid.
The decision brings fresh hope after reports that Wanda boss and Chinese magnate Wang Jianlin was going to abandon the project he bought for €265 million in 2014.
Edificio Espana was originally set to be transformed into a hotel with a shopping centre and luxury flats.
But Madrid’s Local Historical Heritage Committee has said the facade and side wings of the building can not be removed.
The officially-approved plans mean the imposing structure must retain its façade and the firm can apply for a building licence after the 20-day appeal window.
- Electric cars set for Mallorca reboot thanks to AnySolution - 15 Nov, 2017 @ 15:00
- I do! Balearic blushing brides attend three-day exhibition - 15 Nov, 2017 @ 14:00
- Balearic tourism boost as delegation impresses the World Travel Market - 15 Nov, 2017 @ 12:00
- Tourism concern as visitor numbers plummet in Catalunya’s museums - 15 Nov, 2017 @ 10:00
- US director’s Song of Sway Lake makes long-awaited red-carpet debut - 14 Nov, 2017 @ 18:00
- Mallorquin hoteliers check-in to the Forbes rich list - 14 Nov, 2017 @ 17:00
- Biting Brit avoids jail but is handed a suspended sentence for assault - 14 Nov, 2017 @ 16:00
- Thousands of olives planted by Mallorcan scientists to discover the best strain - 14 Nov, 2017 @ 15:00
- Catalunya referendum could lead to recession, fears Bank of Spain - 14 Nov, 2017 @ 12:00
- Former nightlife king Tolo Cursach refused bail as he returns to jail in Palma - 13 Nov, 2017 @ 18:00