From Clarín · Redacción Clarín · · 1m 10s
Tomás Olivo buys iconic Madrid skyscraper
Spanish billionaire Tomás Olivo, 76, eyes acquiring Telefónica's historic Gran Vía building for 200m euros.
In brief
Spanish billionaire Tomás Olivo, 76, eyes acquiring Telefónica's historic Gran Vía building for 200m euros. Spanish billionaire Tomás Olivo plans to buy Telefónica's 1930 Gran Vía skyscraper for 200 million euros. Originally reported by Clarín.
Tomás Olivo's business start
Tomás Olivo began his business career in the 1990s buying land outside Marbella.
Telefónica building at center
The 1930 Telefónica Gran Vía 28 building is Madrid's iconic skyscraper with 90 meters of height.
200m euro deal in 2026
In May 2026, Olivo reportedly negotiated a deal for 200 million euros to buy the building.
Olivo's wealth
Forbes estimated Olivo's wealth at 5.4 billion dollars in 2026, making him Spain's sixth richest person.
Marbella origins
Olivo founded General de Galerías Comerciales in 1995 after buying land outside Marbella in the 1990s.
First shopping center
La Cañada Shopping opened in 1997 with restaurants, cinemas, hypermarkets and stores in Marbella.
Second shopping center
Nevada Shopping opened in 2016 with 120,000 square meters and capacity for 6,000 vehicles in Granada.
The headline
Spanish billionaire Tomás Olivo plans to buy Telefónica's 1930 Gran Vía skyscraper for 200 million euros.
