Telefónica has sold four of the nine properties it committed to allocate for facilities in Barcelona and has put two more up for sale. None of the buildings, which total nearly 40,000 square metres, have been converted into public facilities.
Telefónica no longer controls four of the nine properties it committed to allocate for community facilities in Barcelona and has put two more on the market, according to economiadigital.es. The buildings, spread across seven districts of the city, total nearly 40,000 square metres and none have been converted into publicly accessible facilities.
The origin of these assets dates back to an agreement signed more than two decades ago between the operator and the City Council of Barcelona. The agreement modified the zoning classification of the plots where the buildings were located to allocate them for privately owned community facilities.
The agreement changed the classification of the plots on which the buildings were located to allocate them for privately owned community facilities
The properties included in the agreement are located on Mercaders Street (Ciutat Vella), Gran Vía de les Corts Catalanes, Marquès de Campo Sagrado Street (Eixample), Ca l'Alegre de Dalt Street (Gràcia), Maragall Avenue (Horta-Guinardó), Bordeus Street (Les Corts), Sant Antoni Maria Claret Street (Sant Martí), Cinca Street (Sant Andreu), and Boada Street (Nou Barris).
The largest real estate transaction closed by the company chaired by Marc Murtra in recent months took place in Madrid. Telefónica formalised the sale of its historic headquarters on Gran Vía to Murcian businessman Tomás Olivo for less than 200 million euros, through Galerías Comerciales, at the beginning of September.
Telefónica sold its historic headquarters building on Gran Vía to Murcian businessman Tomás Olivo for a figure below 200 million euros
The building, constructed in 1929, is in the neobaroque style, has 13 floors and is 90 metres tall. It was the first skyscraper in Madrid and the tallest building in Europe until the 1950s. Inside, it houses the largest Movistar store in Spain, a cinema, a television studio, two recording studios, a gaming space, and the Movistar Café.
After formalising the sale, the board of directors moved the registered office to Ronda de la Comunicación, in the complex formerly known as Distrito C and now called Distrito Telefónica.
In parallel, the operator has reorganised its structure into three independent business units: B2B España, B2C España, and Mayorista España. The declared objective is to strengthen focus on each segment, simplify the organisation, and increase accountability for the results of each unit. Borja Ochoa remains as non-executive chairman of Telefónica España and the board of directors of Movistar Plus+ has been dissolved.
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