According to reports, before June 2014, it was an asset of the largest Spanish bank, Santander, and became one of the symbols of the collapse of the Spanish real estate market in 2008. But in June 2014, the building welcomed its first Chinese buyer. Wang Jianlin from the domestic Wanda real estate company bought this landmark building from Santander Bank for 265 million euros. According to the analysis by experts at the time of , Wanda had a good time to purchase the Spanish Building and made a "good deal". 
However, Wanda’s reconstruction plan encountered resistance from the Madrid government and certain citizens. Wang Jianlin explained that there were more than 4 million citizens in Madrid at that time, and 70,000 did not represent the majority. "If there is fierce opposition, the signatures of millions of citizens may not be 70,000 or 700,000. First of all, many people know very well that this is not a historically protected building. Furthermore, this building has been idle for several years and cannot bear weight. It is not my opinion that it must be demolished. I can go as a local tyrant, and this building is still usable. How could it be possible after demolishing it. Wang Jianlin of also said that the lesson for us is that we cannot invest in the future without obtaining planning permission. The project is also a lesson to keep in mind for Chinese companies. Before this incident, Wang Jianlin also talked about the "nail house" incident on the "Little Cui Talking" program. Wang Jianlin's answer is very exciting!
Cui Yongyuan asked Wang Jianlin: After so many real estate matters, there is one most critical thing that I did not say, that is, how does Wanda real estate treat nail households?
Wang Jianlin replied: It is difficult to convince people with morality. For real nail households, virtue is sometimes good. Sometimes it doesn’t work. But now we basically buy land from the government. Anyway, we will not engage in demolition. Strictly speaking, should be regarded as a nail household of the government’s demolition department.
Cui Yongyuan asked again: Is it right? During the entire development process, this matter can be considered in parallel with corporate profits. Can you give more consideration to the interests of relocated households?
Wang Jianlin: Of course, the interests of relocated households have been protected in recent years, compared to five years ago. Obviously much better. First of all, compulsory demolition is cancelled, and the court will not handle demolition cases. Everything has a duality. How to balance the interests of disadvantaged groups and ensure the interests of the majority, instead of letting those who are particularly troublesome Interest. Although this is difficult to do, we do not engage in demolition, the government will do it. This demolition is a worldwide problem,
