Edificio España
Encyclopedia
The Edificio España is one of the tallest buildings in Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...

, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

. With its 25 storeys and 117 meters of height, it is the eighth-highest building of the Spanish capital, including the skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

s of the Cuatro Torres Business Area. It is also one of the better examples of twentieth century architecture
Architecture
Architecture is both the process and product of planning, designing and construction. Architectural works, in the material form of buildings, are often perceived as cultural and political symbols and as works of art...

 in Spain. It was designed by the architect Julián Otamendi (architect of the nearby Torre de Madrid
Torre de Madrid
The Torre de Madrid is one of the tallest buildings in Madrid. It measures 142 metres in height, has 36 floors and was constructed between 1954 and 1957...

) 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
Crowne Plaza
Crowne Plaza is a chain of full service, upscale hotels catering to business travelers and to the meetings and conventions market. It forms part of the InterContinental Hotels Group family of brands, which include InterContinental and Holiday Inn and operates in 52 countries, usually located in...

 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
Neo-baroque
The Baroque Revival or Neo-baroque was an architectural style of the late 19th century. The term is used to describe architecture which displays important aspects of Baroque style, but is not of the Baroque period proper—i.e., the 17th and 18th centuries.Some examples of Neo-baroque architecture:*...

 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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