Torre Cepsa

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,[4] 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 4th tallest building in the European Union.

Torre Cepsa
Torre Cepsa in October 2017.
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
Construction started	8 October 2004
Completed	2008
Owner	Amancio Ortega
Management	Gerens Hill[1]
Height
Roof	248.3 m (815 ft)[2]
Technical details
Floor count	45
Floor area	107,966 m2 (1,162,140 sq ft)[3]
Design and construction
Architect(s)	Norman Foster
Developer	Repsol YPF
Structural engineer	Halvorson and Partners
Main contractor	FCC and Dragados
Website
www.fosterandpartners.com/projects/torre-cepsa
References
[2]

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.[5]

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[6] 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.[7]

It was built by a joint venture of Dragados and Fomento de Construcciones y Contratas.[8]