Edificio España

The Edificio España (Spanish: Spain Building) is one of the tallest buildings in Madrid, Spain. With its 25 storeys and 117 meters of height, it is the eighth-highest building of the Spanish capital, including the skyscrapers of the Cuatro Torres Business Area. It is also one of the better examples of twentieth century architecture in Spain. It was designed by the architect Julián Otamendi (architect of the nearby Torre de Madrid) and his brother, the engineer Joaquín Otamendi. It was the tallest building in Spain until overtaken by the Torre de Madrid in 1957. The building formerly contained a Crowne Plaza hotel, a shopping centre, apartments, offices, and a swimming pool in its roof top. Since it was sold in 2005, it is vacant and under reconstruction, where luxury residences will be built. It will preserve intact the facade and the vestibule, but the remainder of structural elements will be modified. Its profile, on the Plaza España at the end of the Gran Via, conforms with the neighboring skyscraper Torre de Madrid, making the pair one of the most important architectural assemblies of the city.

The building, built from 1947 to 1953 in Neo-baroque style, is a work by architects Joaquín and Julián Otamendi. It presents a silhouette escalonada in four heights and enjoys important protection on the part of the City Hall of the capital.

The day April 28, 2005 was position for sale by the real estate agency Metrovacesa along with the Tower Madrid, to vote part of the acquisition of the French company Gecina, by a total price of €389,000,000. In the month of June, Santander Real you Be you, through its investment Fund real Estate Agency, acquired the 50% of the building for €138.6 million and a commitment of buying and selling by the same price of the 50% remainder was signed, the part belonging to the hotel. The operation was completed at the beginning of the month of December. The Metrovesca real estate agency wants to renovate it, but says that acquiring the necessary concessions in Madrid always takes some time.


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