Chinese luxury hotel boss buys Madrid's Edificio España
Friday, March 21, 2014 @ 7:39 PM
AN ICONIC skyscraper in Madrid has been sold to a Chinese tycoon after years of being left empty and in disuse.
The Edificio España, in the Plaza de España and at the top of the Gran Vía, is a tourist attraction due to its unusual shape and size and, until now, it has been owned by Banco Santander. Regional president of Madrid Ignacio González says multi-millionaire businessman Wang Jianli – who has so far invested in the UK and USA but wants to expand into Spain – is in the middle of closing the deal to buy the Edificio España.
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