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New Owner of the Edificio España Ponders Creation of a Huge Complex in Madrid

2/10/2014 – Cinco Dias

Chinese magnate Wang Jianlin bought the historic Edificio España building in Madrid for more than €200 million back in March. Now, the richest man of China weights up construction of a grand shopping and entertainment center in the Community of Madrid, informed regional chairman Ignacio Gonzalez.

Target location of the project has not been disclosed and Mr. Gonzalez assures this venture has got nothing in common with the Eurovegas – the unsuccessful plan on raising a fun park proposed by U.S. most affluent Sheldon Adelson who withdrew from it at the last moment.

The Community of Madrid’s president bitterly admits that the experience with the Eurovegas has been a tough lesson but  at the same time the city proved to be consequent and perservering in its commitments.

 

Original article: Cinco Días (after: EFE)

Translation: AURA REE