16 January 2020 – Málaga Hoy
Telefónica has sold its headquarters in Málaga to an unknown buyer for around €12 million. The grade 1 listed property, which was inaugurated in 1928, is located on Calle Postigo de los Abades and has a surface area of 3,500 m2 spread over three storeys.
According to sources, the buyer is a businessman who has already acquired other assets from Telefónica in Spain. Under the terms of the operation, the telecoms giant will continue to occupy the property in Málaga for a period of 5 years.
The urban classification of the property means that, like the Correos building, its future use will be limited to that of a hall of residence for students or the elderly.
Original story: Málaga Hoy (by Sebastián Sánchez)
Translation/Summary: Carmel Drake