Designed by Henry N. Cobb and built by Obrascón Huarte Lain, the 57-storey Torre Espacio (Spanish for Space Tower) is 224.5 metres (736 feet) tall.
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Madrid's new business district, Cuatro Torres Business Area (CTBA), construction recently, on the other hand, is seen as the new and "hip" financial district, boasting modern skyscrapers designed by internationally-famed architects.
It was the tallest building in Spain surpassing Torre Picasso in 2001, until November 2006 when it was overtaken by Torre Espacio (and then successively by the other three towers at the Cuatro Torres Business Area in Madrid.