Real estate project draws controversy

Chinese property giant Dalian Wanda is at the center of a fiery public and political debate in Spain over its plans to demolish an iconic building in central Madrid.

In June last year, the property group acquired the Espana Building for 265 million euros ($297 million) from banking corporation Santander Group.

The Espana Building, which occupies an entire city block, is a Madrid landmark in the commercial heart of the capital.