Spain's stock market regulator, Comisión Nacional del Mercado de Valores (CNMV) has announced that it is buying the Edison office building in Madrid from insurance group Mutua Madrileña for around EUR 71 mln.

The operation will allow the institution to reduce costs and to bring together its two operational offices in one location at López de Hoyos. The property being acquired offers around 6,000 m2 of office space and its acquisition is conditional upon receiving authorization from the Cultural Heritage Commission (Dirección General de Patrimonio).

CNMV currently occupies an office building at Paseo de la Catellana and pays an annual rent of EUR 5 mln.