Complex sentence: Residencia de Suarez (Spanish for Suarez Residence) is the official residence of the president of Uruguay, so-called because it is located at the intersection of Suarez and Reyes streets, in Prado, Montevideo.
Split into simpler sentences: Residencia de Suarez (Spanish for Suarez Residence) is the name of the official residence of the president of Uruguay. It's called that way because it is located in the intersections of Suarez and Reyes streets, in Prado, Montevideo.