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.
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