Torre Caja Madrid
Encyclopedia
The Torre Caja Madrid is a skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 located in the Cuatro Torres Business Area in Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...

, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

. With a height of 250 m (820.2 ft) and 45 floors
Storey
A storey or story is any level part of a building that could be used by people...

, it is the tallest of the four buildings in the Cuatro Torres Business Area complex, surpassing Torre de Cristal
Torre de Cristal
The Torre de Cristal is a skyscraper in the Cuatro Torres Business Area in Madrid , completed in 2008. With a final height of 249.5 metres, it ranks as the second tallest building in the country after neighbouring Torre Caja Madrid...

 by less than a metre, and the tallest building in Spain.

Designed by Lord Foster
Norman Foster, Baron Foster of Thames Bank
Norman Robert Foster, Baron Foster of Thames Bank, OM is a British architect whose company maintains an international design practice, Foster + Partners....

, it was first known as Torre Repsol and would have served as headquarters for Repsol YPF
Repsol YPF
Repsol YPF, S.A. is an integrated Spanish oil and gas company with operations in 29 countries...

 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
Caja Madrid
Caja Madrid, formally the Caja de Ahorros y Monte de Piedad de Madrid, headquartered in Madrid, is the oldest of the Spanish savings banks. It was founded on December 3, 1702 as Monte de Piedad de Madrid by Francisco Piquer, an Aragonese priest...

 purchased the building for
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

815 million in August 2007.

It was built by a joint venture of Dragados
Grupo ACS
Actividades de Construcción y Servicios, S.A. is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world...

 and Fomento de Construcciones y Contratas
Fomento de Construcciones y Contratas
Fomento de Construcciones y Contratas is a leading Spanish construction company based in Barcelona. It is publicly traded and is part of the IBEX 35.Over 50% of the shares are owned by a company controlled by Esther Koplowitz and others.-History:...

.

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