In pictures: Architecture of the Spanish housing bubble - Madrid
Space Tower, the Crystal Tower, Tower of Sacyr Vallehermoso and Caja Madrid Tower step-up this business complex next to the Paseo de la Castellana, on the grounds of the old Ciudad Deportiva of Real Madrid.
Cuatro Torres Business Area (CTBA) is a business park that is built along the Paseo de la Castellana, on the grounds of the old Sports City of Real Madrid.
The business park consists of four skyscrapers that are the tallest buildings in Madrid and Spain. The four buildings are the Torre Caja Madrid, the Torre de Cristal, Sacyr Vallehermoso Tower and the Tower Space.
Torre Caja Madrid
250 m, 45 floors. This building was designed by Norman Foster and partners
249 m, 45 plants. This building was designed by Inigo Ortiz, Enrique and Cesar Leon
Torre Sacyr Vallehermoso
236 m, 52 floors. This building was designed by Carlos Rubio Carvajal and Enrique Álvarez-Sala Walter and is the only one of four that has Spanish architects.
223 m, 56 floors. This building was designed by Pei Cobb and Reid-
The four skyscrapers house offices, however Sacyr Vallehermoso Tower will also have a hotel.
La Torre Caja Madrid, formerly known as Torre Repsol, is a skyscraper in Madrid (Spain), located next to three others in the complex called Cuatro Torres Business Area (CTBA) near the Plaza Castilla. It is owned by Caja Madrid, with a total of 250 meters is the tallest building in Spain and the eighth in Europe. It opened on May 5, 2009.
The oil acquired at auction a parcel of future business and office complex CTBA, located on land where once stood the Sports City of Real Madrid. At the beginning of its construction in 2004 during with the change of shareholder and Chairman, Repsol decided to change the location of your future home, so put on the market this great office space. The financial institution Caja Madrid purchased this building for 815 million Euros in order to make their headquarters in 2009.
The planning agreement between the football team Real madrid, the City Council and the Community of Madrid provided for the redevelopment of the sports city in exchange for the white club ceded part thereof to the other two parties.
After the treatment, each sold in public tenders their land to private entities such as Caja Madrid, Mutua Madrileña, Sacyr Vallehermoso Villar Mir or group to carry out the construction of three of the four office towers.
This operation allowed Real Madrid to revenues of more than 300 million euros, which enabled the team Florentino Perez to settle the club's debt estimated at 270 million euros.