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The Insurance Consortium is going to Spend €7.5 Million to Remodel the CNMV’s Former HQ on the Castellana

The Insurance Compensation Consortium is going to spend 7.5 million euros on the renovation of the CNMV's former headquarters to convert it into an office building for rent.

Paseo de la Castellana Madrid 1024x681 1
Paseo de la Castellana (Madrid).

The Insurance Compensation Consortium (‘Consorcio de Compensación de Seguros’ or CCS) is pushing ahead with its plan to transform the former headquarters of the National Securities Market Commission (CNMV) located on Paseo de la Castellana in Madrid into offices for rent, according to El Español.

After acquiring the building at the end of 2018 for 40 million euros, the firm is now going to carry out building work amounting to 7.5 million euros. The work is expected to take thirteen months. Last week, it chose the winter of the “ideas competition” for the design of the building’s comprehensive renovation project.

Read the full article in Spanish.

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