Torre Cepsa

"Torre Repsol" redirects here. For the building in Buenos Aires, Argentina, see Repsol-YPF tower.
Torre Cepsa
Former names Torre Repsol, Torre Caja Madrid, Torre Bankia
General information
Type Office
Location Pº de la Castellana 259, CTBA, Madrid, Spain
Coordinates 40°28′32″N 3°41′16″W / 40.47556°N 3.68778°W / 40.47556; -3.68778Coordinates: 40°28′32″N 3°41′16″W / 40.47556°N 3.68778°W / 40.47556; -3.68778
Construction started 8 October 2004
Completed 2008
Owner Bankia
Management Gerens Hill[1]
Height
Roof 248.3 m (815 ft)[2]
Technical details
Floor count 45
Design and construction
Architect Norman Foster
Developer Repsol YPF
Structural engineer Halvorson and Partners
Main contractor FCC and Dragados
References
[2]

The Torre Cepsa (renamed in June 2014, before was Torre Bankia) (English: Cepsa Tower) is a skyscraper located in the Cuatro Torres Business Area in Madrid, Spain. With a height of 248.3 m (815 ft) and 45 floors,[3] it is the second tallest of the four buildings in the Cuatro Torres Business Area complex, surpassed by Torre de Cristal less than a metre. It is the second tallest building in Spain and the 5th tallest building in the European Union.

Designed by Lord Foster, it was first known as Torre Repsol and would have served as headquarters for Repsol YPF oil and gas company. During the construction of the tower, Repsol decided to change the location of its future headquarters and the financial institution Caja Madrid purchased the building for €815 million in August 2007.[4]

In 2016 it was bought by Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex (ITX.MC), for €490 million euros through his property investment arm, Pontegadea Inmobiliaria, one of the biggest property companies in Spain. He purchased the tower from Abu Dhabi tycoon Khadem al-Qubaisi, whose fund had exercised a last-minute purchase option from Spanish lender Bankia (BKIA.MC), its previous owner. [5]

It was built by a joint venture of Dragados and Fomento de Construcciones y Contratas.[6]

See also

References

  1. ↑ Hill International
  2. 1 2 "Torre Cepsa". CTBUH Skyscraper Database.
  3. ↑ Oliver, Miguel (July 30, 2013). "El techo de España... por un metro" [Spain's roof... by just one meter]. ABC.es (in Spanish). Retrieved 2016-01-28.
  4. ↑ Expansión.com: Caja Madrid purchase Torre Caja Madrid. (Spanish)
  5. ↑ .
  6. ↑ Structurae database

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