Spain's stock market regulator Comisión Nacional del Mercado de Valores (CNMV) has completed the purchase of the Edison building in central Madrid after receiving the final go-ahead from the Cultural Heritage Commission (Dirección General de Patrimonio). The vendor is insurance group Mutua Madrileña. The transaction price amounts to EUR 71 mln.

The Edison property offers around 6,000 m2 of office space.

The deals allows CNMV to to centralise its Madrid operation in one location and cut its annual EUR 5 mln rental bill.

The acquisition, which was first announced in February this year, will be partially financed by the sale of CNMV's paseo de la Castellana 19 office which is valued at EUR 28 mln.