# Tomás Olivo buys iconic Madrid skyscraper

> Spanish billionaire Tomás Olivo, 76, eyes acquiring Telefónica's historic Gran Vía building for 200m euros.
- Title: Tomás Olivo buys iconic Madrid skyscraper · Clarín | Shortify
- Summary: Spanish billionaire Tomás Olivo, 76, eyes acquiring Telefónica's historic Gran Vía building for 200m euros.
- Keywords: tomás olivo, telefónica, gran via, rascacielos, general de galerías comerciales, unicaja banco, marbella, Clarín
- Source: Clarín — https://clarin.com/internacional/tomas-olivo-discreto-multimillonario-espanol-76-anos-quiere-sumar-imperio-rascacielos-iconicos-gran-via_0_v8hDA4Gmjj.html
- Author: Redacción Clarín
- Published: 2026-11-13T05:30:33+00:00
- Read time: 1 min
- Topics: tomás olivo, telefónica, gran via, rascacielos, general de galerías comerciales, unicaja banco, marbella, news
## 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.
## Key takeaway

Spanish billionaire Tomás Olivo plans to buy Telefónica's 1930 Gran Vía skyscraper for 200 million euros.