SHANGHAI: China’s property giant Wanda, owned by the country’s richest man Wang Jianlin, has signed an MOU to sell a historic Madrid skyscraper to a Spanish developer for 272 million euros, the company said on Friday.
Wanda plans to sell all shares of Wanda Madrid Development, which holds the 25-storey Edificio Espana, to Spain’s property developer Baraka Global Investment, its listed arm Wanda Hotel Development Co. said in a statement to the Hong Kong stock exchange on Friday.
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