19 May, 2016 @ 08:48
1 min read

Chinese firm Wanda’s plans for Edificio Espana renovation are approved by Madrid mayor Carmena

wanda building e

wanda buildingCHINESE 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.

Joe Duggan (Reporter)

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

Spain avoids EU sanctions over missed deficit targets

massimo dutti model e
Next Story

Spanish clothing brand Massimo Dutti expanding into India

Latest from Business & Finance

Go toTop

More From The Olive Press