Wang Jianlin will invest 3,000 mill. in Madrid

The tycoon Wang Jianlin, one of the richest men in China, said Wednesday it will invest at least 3,000 million euros in a large leisure complex in southwest Madrid (area where the frustrated Eurovegas project was projected) if successful their current negotiations with the Spanish authorities.

Wang Jianlin

"We have already had a meeting with Spanish President (Mariano Rajoy), is now Spain which is in possession and must make a decision with us," Wang said after signing the acquisition of 20 percent of the shares of football club Atletico Madrid for 45 million euros.

Wang, owner of the Chinese conglomerate Wanda, a national leader in sectors such as real estate or entertainment, is interested in building a complex of shopping malls, hotels and homes in Madrid's Camp.

Wang Jianlin, avowed football fan (founded in the 90s the first professional team of China) and fond of Spanish culture, investments began in Madrid last year, when it acquired the building in the center of Spain's capital.

Chinese millionaire bought the Bank of Santander that property, one of the most emblematic of Madrid and located in the homonymous Square Spain, for 265 million euros.

Limited Professional Society, L.P.S.

Limited Professional Society, L.P.S.

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