Torre Cepsa Explained

Torre Cepsa
Former Names:Torre Repsol, Torre Caja Madrid, Torre Bankia
Location:Pº de la Castellana 259, CTBA, Madrid, Spain
Coordinates:40.4756°N -3.6878°W
Start Date:8 October 2004
Completion Date:2008
Building Type:Office
Roof:248.3m (814.6feet)
Floor Count:45
Floor Area:107966sqm[1]
Architect:Norman Foster
Structural Engineer:Halvorson and Partners Gilsanz Murray Steficek LLP Engineers and Architects
Main Contractor:FCC and Dragados
Developer:Repsol YPF
Owner:Amancio Ortega
Management:Gerens Hill[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 248.3m (814.6feet) 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 by 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[5] 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.[6]

It was built by a joint venture of Dragados and Fomento de Construcciones y Contratas.[7]

See also

References

https://www.structuresinsider.com/post/torre-cepsa-tower-skyscraper-in-madrid-spain

External links

Notes and References

  1. Web site: Torre Cepsa. Skyscraper Center. CTBUH. 2 October 2017.
  2. http://www.hillintl.com/?fa=market&marketSidebarId=41&show=fp Hill International
  3. Web site: El techo de España... por un metro. ABC.es. 2016-01-28. Miguel. Oliver. July 30, 2013. es. Spain's roof... by just one meter.
  4. http://www.expansion.com/edicion/exp/empresas/construccion/es/desarrollo/1021814.html Expansión.com: Caja Madrid purchase Torre Caja Madrid
  5. Web site: Ruiz. Alfonso Simón. 2016-09-30. Amancio Ortega, nuevo dueño de Torre Cepsa. 2020-08-18. Cinco Días. es.
  6. News: Zara owner Ortega buys $550 million Madrid skyscraper . Reuters . October 2016 .
  7. http://en.structurae.de/structures/data/index.cfm?ID=s0024336 Structurae database