The Torre de Madrid (Spanish: Tower of Madrid) is one of the tallest buildings in Madrid. It measures 142 meters in height, has 36 floors and was constructed between 1954 and 1957. It was designed by the architects Julián and José María Otamendi Machimbarrena as an assignment of the Metropolitan Real Estate Agency, for whom already they had built the Edificio España.
It is situated on the Plaza de España, being a symbolic building for the plaza and the city. It holds offices and apartments. It was the highest office building in Western Europe until 1967, when it was surpassed by the 150-meter high South Tower in Brussels. The Tower appeared in numerous Spanish movies released in the 1960s.
The tower was conceived to be the tallest concrete building in the world at the time of its completion and until the construction of Torrespaña was the highest building in Madrid. The lead architects also envisioned that the building would harbour 500 stores, spacious galleries, a hotel, and even a cinema. Furthermore, the tower was equipped with twelve elevators of the fastest model of the time, permitting users to travel 3.5 meters per second. The works were finished on October 15, 1957.
The Tower of Madrid is found in the Plaza de España, at the end of the street of Gran Via, in the heart of the Spanish capital. Along with the 117-metre-tall Edificio de España, situated in the same plaza, they form an interesting architectural assembly. Both enjoy protection on the part of the City Hall of the capital. It was the tallest building in Spain until 1982, when it was surpassed by the Torrespaña telecommunications tower.
It forms part of the Gran Via skyscraper zone, to the contrary that most of the skyscrapers with a height of 100+ meters in the city, situated in the financial district of AZCA, in the neighborhood of Tetuán.
On April 28, 2005, the tower was put up for sale by the real estate agency Metrovacesa along with the Edificio España to vote part of the acquisition of the French company Gecina. The price was about 400.000.000 €.