Madrid, November 10, 2026 — Number 57 on José Abascal Street in Madrid has been the scene of significant urban transformation since 2016.
In that year, the regional government sold two office units located at that address for a total of 7.3 million euros to Canal. The transaction was recorded as part of the real estate restructuring plan for central areas of the capital.
Since then, the premises have been managed by a public company which, in 2025, organized an auction for their sale. The results of this auction indicate that those same spaces were reacquired for 13.3 million euros, according to reports published by El País.
Today, the site has become the subject of another investment: there is currently being constructed an eight-story luxury residential block. The marketing of the project is expected to reach around 30 million euros, as stated by the same source.