Edificio España seen from Plaza de España
|Type||Hotel, Office (currently)|
|Location||Plaza de España 1, Madrid, Spain|
|Roof||117 m (384 ft)|
|Design and construction|
|Developer||Compañía Inmobiliaria Metropolitana|
|Structural engineer||Joaquín Otamendi|
The Edificio España (Spanish: Spain Building) is one of the tallest buildings in Madrid, Spain. With 25 stories and a height of 117 m (384 ft), it is the 14th tallest building of the Spanish capital, along the Cuatro Torres Business Area highrise buildings. It is also one of the best examples of 20th century architecture in Spain. It was designed by architect Julián Otamendi (architect of the nearby Torre de Madrid) and his brother, engineer Joaquín Otamendi in the Neo-baroque style and constructed from 1948 to 1953. 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 rooftop swimming pool. Since its sale in 2005, it has been vacant awaiting renovation into luxury residences. The facade and the lobby will be preserved intact but the remaining structural elements will be modified. Its profile, on Plaza de España at the end of the Gran Via, compliments the neighboring skyscraper Torre de Madrid, making the pair important architectural landmarks in the city.
Metrovacesa, which owned the structure since its completion, marketed it in April 2005 along with the neighboring Torre de Madrid and other properties in its portfolio to help finance its acquisition of French property company, Gecina. In June of that year, the investment fund of Santander Real, acquired 50% of the building for €138.6 million and committed to purchase the remaining 50%, belonging to the hotel, shortly thereafter. The deal closed in early December 2007. Santander plans to renovate the building, but states that acquiring the necessary approvals in Madrid always takes time. The structure has been vacant awaiting work to begin since the sale.
Media related to Edificio España at Wikimedia Commons
- A. Larrañeta (20 February 2007). "El Edificio España sigue vacío un año y medio después de su venta". 20 Minutos (in Spanish). 20Minutos.es. Retrieved 2012-12-05.
- "Two bidders vie for Metrovaseca offices". Euro Property (Highbeam.com). 1 June 2005. Retrieved 2012-12-05.
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