- Baraka Group has acquired Edificio España for €272 million from the Wanda Group.
- Edificio España is a landmark building from 1953 and opened as the tallest building in Spain with 25 floors.
- Once a hotel, the building remained empty since 2007 due to the financial crisis.
- Wanda, a Chinese real estate company, bought it in 2014 and planned to transform it as a hotel again, but the project was cancelled when the Spanish government opposed the plans to tear it down as the building is legally protected.
Katrin Kostadinova - Data analyst