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One of the palaces that bristle with majesty in Madrid's Salamanca district has a new owner.

The Saldaña Palace, located on Calle Ortega y Gasset on the corner of Castelló, is now owned by Manuel González, who

will invest 50 million euros in it between the purchase and the reform.

If we had heard about the power of Venezuelan fortunes in this area, this time the millions come from Mexico.

The Mexican businessman Manuel González, at the head of the Hemisphere Group, has acquired this architectural jewel from the early 20th century for a very ambitious project.

As revealed by the

Expansión

newspaper , González

plans to turn the Saldaña Palace into Abya,

a new gastronomic, artistic and cultural concept destined to revolutionize (even more) the social panorama of Madrid.

The Mexican businessman has been in Spain for more than five years and it is not the first investment he has made in our country.

He is dedicated to the purchase and sale of real estate as well as construction.

However, Hemisphere is a conglomerate of companies that also has interests in the food industry.

For this new restoration project,

González has teamed up with Diego Baltar,

who has extensive experience in the sector and worked in groups such as Tragaluz, head of Bar Tomate.

OWN STYLE

The palace was the work of the architect Joaquín Saldaña y López, who gave the building its name and its own style, "Saldaña".

Its construction is characterized by its Frenchified air, common at the time since this architect was related to the Belle Époque style.

The property has 1000 square meters spread over 4 floors.

In addition, it is equipped with an interior garden of 450 square meters.

Saldaña was also the author of other buildings in Madrid such as the house-Palace of the Marquis of Portazgo.

The Saldaña Palace was designed in 1903 and the works lasted until 1906. It belonged to the Marquis of Hijosa de Álava, Joaquín de Loresecha, and in 1913 it was enlarged.

After that, it was bought and sold several times and came to house the headquarters of the Juvenile Court.

In 1977 he suffered an attack by the Spanish International Anti-Fascist Movement group.

In the 2000s it even jumped to the headlines

since the Palace was linked to

the Malaya Case.

The building was among the properties of the alleged ringleader of the plot, Antonio Roca, who was an urban advisor to the Marbella town hall.

In recent years, the palace operated as a venue for events and private receptions until it was acquired by the Hemisphere Group.

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