Edificio España
| Edificio España | |
|---|---|
Edificio España seen from Plaza de España
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| General information | |
| Status | Complete |
| Type | Hotel, office (currently) |
| Location | Plaza de España 1, Madrid, Spain |
| Coordinates | 40°25′27″N 3°42′43″W / 40.42417°N 3.71194°WCoordinates: 40°25′27″N 3°42′43″W / 40.42417°N 3.71194°W |
| Construction started | 1948 |
| Completed | 1953 |
| Owner | Dalian Wanda |
| Height | |
| Roof | 117 m (384 ft) |
| Technical details | |
| Floor count | 25 |
| Lifts/elevators | 32 |
| Design and construction | |
| Architect | Julián Otamendi |
| Developer | Compañía Inmobiliaria Metropolitana |
| Structural engineer | Joaquín Otamendi |
The Edificio España (Spanish: Spain Building) is the 8th tallest building in Madrid, Spain, and one of the city's most iconic buildings. It is an example of 20th-century Spanish architecture built in the neo-baroque style. In 2014 it was purchased by Chinese real estate company Dalian Wanda.
It was designed by architect Julián Otamendi and his brother in the Neo-baroque style and constructed from 1948 to 1953. It was a "symbol of prosperity" during the decades of Francisco Franco's Spain.
It was the tallest building in Spain, with 25 floors and a height of 117 m (384 ft), until overtaken by the Torre de Madrid (also built by Otamendi) in 1957. The building formerly housed the 360-room Hotel Plaza, later a Crowne Plaza Hotel, a shopping centre, apartments, offices, and a rooftop pool. Its profile, on Plaza de España at the end of the Gran Vía, complements 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 to help finance its acquisition of French property company, Gecina.
In June 2005, Santander Real's investment fund 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 renovated the building, preserving intact the facade and the lobby as part of a project to build a hotel and apartments, but the project stalled in 2010.
The building was acquired in 2014 by Wang Jianlin's Chinese real estate company Dalian Wanda for "about a third less than the €389 million that Banco Santander paid in 2005, at the height of Spain’s construction boom". Dalian Wanda "plans to renovate the structure to include luxury apartments and a hotel as part of a broader overhaul of the neighborhood", and in January 2015 the Governing Board of the Community of Madrid approved the proposed refurbishment. Wang intends to "create a luxury hotel, more than 300 homes and a retail space, which he plans to expand to 15,000 sqm".
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Wikipedia