Caleido

Caleido
Caleido in June 2021
Interactive map of Caleido
Etymologyκαλός (kalós), beautiful, and εἶδος (éidos), image
General information
StatusCompleted
LocationPaseo de la Castellana, 259-E, Madrid, Spain
Construction startedApril 2017
Completed (2021-10-19) 19 October 2021
Cost240 million €
OwnerGrupo Villar Mir
Emperador Properties
Height
Architectural173 meters (568 ft)
Technical details
Floor count36
Floor area70,000 m2 (750,000 sq ft)
Grounds33,325 m2 (358,710 sq ft)
Design and construction
Architecture firmFenwick Iribarren
Serrano-Suñer Arquitectura
DeveloperObrascón Huarte Lain
Website
Official website
References
[1]

Caleido is a 173-metre-tall (568 ft), 36-story skyscraper located in Madrid.[2] It is popularly known as the Quinta Torre (Fifth Tower), as it stands near the other four skyscrapers of the Cuatro Torres Business Area (CTBA) complex along the Paseo de la Castellana. As of 2021, IE University is the main tenant.[3]

Construction began in April 2017[4] and the tower was formally completed on 19 October 2021. The original completion date was September 2020, but it was delayed due to the COVID-19 pandemic.[5]

The building occupies the former site of the Centro Internacional de Convenciones de la Ciudad de Madrid. It is the fifth tallest building in Madrid and the seventh tallest in Spain.

Caleido was designed by the architectural firms Fenwick Iribarren and Serrano-Suñer Arquitectura. The main contractor was OHL Desarrollos.[3]

History

On the land where the four CTBA towers now stand was the former Ciudad Deportiva de Real Madrid, which was demolished in 2004.[6] Between 2004 and 2009, the Torre Cepsa, Torre de Cristal, Torre Emperador Castellana and Torre PwC were built in the area bordering Paseo de la Castellana. However, there remained another part, close to Avenida Monforte de Lemos, with 33,325 m2 (358,710 sq ft) of surface area and 70,000 m2 (750,000 sq ft) of buildable area.[7]

Initial idea

Main article: Centro Internacional de Convenciones de la Ciudad de Madrid

Originally, the new Madrid International Convention Centre (CICCM) was to be built with a budget of 300 million euros.[8] The foundation stone was laid in 2008, two months after the bankruptcy of Lehman Brothers.[9] In 2009, the underground construction was awarded in a public tender to FCC Group and Acciona for a total of 72 million euros.[10] In 2010, it was decided that only this preliminary phase would be undertaken and construction would be halted pending better times,[10] as a shock plan by the Madrid City Council under Alberto Ruiz-Gallardón to control spending in the midst of the economic crisis.[11] The project was paralyzed for several years, leaving a plot of land with the hole made for the foundation, with the problem that the containment and safety works, based on fitting screens and anchors, had a useful life of two years.[12] A total of 110 million were invested without anything having been built on the site.[12]

Various options were subsequently considered, such as the construction of a car park [13] or an Olympic sports complex, when Madrid's Olympic aspirations were still in place.[14]

Villar Mar enters the game

At the end of 2014, it was decided to look for an alternative plan: to put the land up for auction under a concession.[15] In March, Ana Botella's government, two months before being replaced by Manuela Carmena, received a total of four bids, with the Villar Mir Group winning the award process.[7][16] For the concession, which grants the right to use the land for a period of 75 years, the group that owns the construction company OHL and the real estate company Espacio would pay an annual fee of 4 million euros. The city council requested that the successful bidder pay at least an annual fee of 1.94 million euros.[17] In addition, Madrid City Council required that approximately 53,000 m² of the 70,000 available m² be used for public purposes. The remainder, approximately 17,500 m², should be used as a commercial area. The public use was to consist of the construction of a private hospital.[18]

In September 2015, it was announced that the Villar Mir Group had formed a joint venture with the Swiss fund Corestate Capital to build the skyscraper at an expected cost of 240 million.[19][20][21][22] The American hospital group Mount Sinai considered setting up in Madrid,[23] but ruled it out because it considered the rental costs to be excessive.[24] Negotiations were soon initiated with the Quirón Group,[25] as well as with other hospital groups.[26]

In January 2016, an agreement was reached with the Instituto de Empresa (IE), which would occupy the majority of the property.[27] In March 2016, the agreement was finally confirmed, and IE University is set to open in autumn 2019. IE has signed a 20-year lease agreement, renewable up to a maximum of 55 years.[3] The site would feature a clinic, a shopping centre and parking for 2,000 vehicles, as well as gardens and leisure areas. The clinic, belonging to the Quirón Group, would also house a High Performance Centre and would occupy a total of 10,000 m².[28]

Obtaining of the license and official presentation

Between June and July 2016, the details of the documentation were finalized and finally submitted on August 1 of that same year to the Madrid City Council for the granting of the construction license.[29] In November 2016, Corestate and Villar Mir broke off their joint venture by mutual agreement due to "the differences that have arisen in the real estate strategy of the partners"; but this would not affect the Quinta Torre project.[30] On 10 January 2017, the project was officially presented by the Espacio Real Estate Company (Villar Mir Group) and with the attendance of the Mayor of Madrid, Manuela Carmena, and the president of OHL, Juan Miguel Villar Mir.[31] The tower was finally named Caleido, a name of Greek origin formed by καλός (kalós), "beautiful", and εἶδος (éidos), "image".[2]

The Quirón health center, in addition to general medicine, was to focus on sports, disease prevention and well-being.[32] The project, including fees and charges, exceeded 300 million euros, and was expected to generate more than 2,400 jobs.[32] On 16 March 2017, Grupo Villar Mir sold 49% of the tower to the real estate company Megaworld Corporation,[33] a Philippine multinational owned by businessman Andrew Tan. Tan, through his company, Grupo Emperador, acquired Torre Espacio in November 2015.[34]

See also

References

  1. ^ "Caleido". CTBUH Skyscraper Center.
  2. ^ a b Serrano, Felipe (9 January 2017). "Caleido: así será la quinta torre de la Castellana". Cadena Ser (in Spanish). Archived from the original on 6 July 2022. Retrieved 9 January 2017.
  3. ^ a b c Domingo, Marta R. (29 March 2016). "Así será la quinta torre que albergará el Instituto de Empresa en 2019". ABC.es (in Spanish). Retrieved 21 June 2016.
  4. ^ Pareja, C. (14 May 2017). "Torre Caleido: las obras secretas del quinto rascacielos de La Castellana". EjePrime (in Spanish). Retrieved 23 May 2017.
  5. ^ "Quirónsalud abre Olympia en la Torre Caleido con el foco en salud personalizada, prevención, promoción y deporte". isanidad.com (in Spanish). Retrieved 29 September 2022.
  6. ^ "El derribo del pabellón Raimundo Saporta da paso a la construcción de cuatro rascacielos". El País (in Spanish). 11 August 2004. Retrieved 29 July 2020.
  7. ^ a b Rocío, Ruiz (27 January 2016). "Villar Mir invertirá 500 millones en construir un rascacielos con zonas comerciales y un hospital". Expansión. Retrieved 19 April 2015.
  8. ^ "Madrid tardará 60 años en recuperar los 120 millones que enterró en las Cuatro Torres". Vozpopuli. 24 February 2015. Archived from the original on 17 August 2015. Retrieved 2 July 2025.
  9. ^ Bernardo Rodríguez; Agencia EFE (26 January 2016). "Cuando las cuatro torres eran solo polvo y ruido". Actualidad Económica y Expansión. Retrieved 2 July 2025.{{cite web}}: CS1 maint: multiple names: authors list (link)
  10. ^ a b Europa Press (2 September 2010). "FCC y Acciona se adjudican obras del nuevo CICCM por 72 millones de euros". El Mundo. Retrieved 2 July 2025.
  11. ^ "Paralizada la construcción del CICCM y del Estadio de Vallehermoso de Madrid". Scalae. 2 June 2010. Retrieved 2 July 2025.
  12. ^ a b "Botella pierde 110 millones de euros en el 'agujero' junto a las cuatro torres de la Castellana". Vózpopuli. Archived from the original on 27 January 2014. Retrieved 2 July 2025.
  13. ^ Díaz, Belén (22 January 2014). "Aparcamiento, auditorio y comercios para el «agujero» de las cuatro torres". ABC.es. Retrieved 2 July 2025.
  14. ^ Belver, Marta (19 December 2014). "100 millones de euros después, en Madrid se seguirá poniendo el sol". El Mundo. Madrid. Retrieved 2 July 2025.
  15. ^ "Inesperado regalo de Villar Mir a Ana Botella en su despedida. Blogs de Valor Añadido". El Confidencial (in Spanish). Retrieved 26 August 2025.
  16. ^ Tatiana Rivas (30 April 2015). "Así será el nuevo techo de la Castellana". ABC (in Spanish). Retrieved 26 August 2025.
  17. ^ "Así será la quinta torre de la Castellana". La Razón (in Spanish). 29 April 2015. Retrieved 26 August 2025.
  18. ^ Madridiario. "La Castellana contará con una quinta torre, que será un hospital". Madridiario (in Spanish). Archived from the original on 3 February 2016. Retrieved 26 August 2025.
  19. ^ País, Ediciones El (23 September 2015). "Villar Mir levantará la quinta torre de la Castellana con un fondo suizo". EL PAÍS (in Spanish). Retrieved 26 August 2025.
  20. ^ Ruth Ugalde (23 September 2015). "El suizo Corestate se alía con Villar Mir para invertir 240 millones en la Quinta Torre. Noticias de Empresas". El Confidencial (in Spanish). Retrieved 26 August 2025.
  21. ^ Ruiz, Alfonso Simón (23 September 2015). "El fondo Corestate insufla recursos para la torre de Villar Mir en la Castellana". Cinco Días (in Spanish). Retrieved 26 August 2025.
  22. ^ Rocío Ruiz y Carlos Morán (23 September 2015). "Villar Mir se alía con el fondo suizo Corestate para reactivar su proyecto de La Castellana". Expansión.com (in Spanish). Madrid. Retrieved 26 August 2025.
  23. ^ Ruth Ugalde (12 August 2015). "Villar Mir busca inquilino para levantar la quinta torre tras tocar retirada Monte Sinaí". El Confidencial. Retrieved 26 August 2025.
  24. ^ Ruiz, Alfonso Simón (3 November 2015). "IE Business School y Quirón, opción conjunta para la quinta torre de Villar Mir". Cinco Días. Retrieved 26 August 2025.
  25. ^ Simón, A. (7 October 2015). "Quirón Salud estudia abrir un hospital en la quinta torre que proyecta Villar Mir". Cinco Días. Retrieved 26 August 2025.
  26. ^ Ruiz, Alfonso Simón (19 October 2015). "Madrid aspira a convertirse en un Houston europeo de clínicas privadas". Cinco Días (in Spanish). Retrieved 26 August 2025.
  27. ^ Ruth Ugalde (26 January 2016). "Acuerdo entre Villar Mir y el Instituto de Empresa para alquilar la quinta torre. Noticias de Empresas". El Confidencial (in Spanish). Retrieved 26 August 2025.
  28. ^ Ramírez, Lorenzo (2 May 2016). "El rascacielos del Instituto de Empresa tendrá además una Clínica Quirón y un CAR". Ok Diario (in Spanish). Retrieved 26 August 2025.
  29. ^ Ramírez, Lorenzo (1 June 2016). "Villar Mir cruza los dedos y pide a Carmena la licencia para el nuevo rascacielos de la Castellana" [Villar Mir crosses his fingers and asks Carmena for the license for the new skyscraper on Castellana Street]. Ok Diario. Retrieved 21 September 2016.
  30. ^ Brualla, Alba (25 November 2016). "Grupo Villar Mir y Corestate rompen su alianza inmobiliaria en España" [Grupo Villar Mir and Corestate break up their real estate alliance in Spain]. elEconomista.es. Retrieved 25 September 2025.
  31. ^ "Inmobiliaria Espacio presentará el martes la quinta torre del madrileño Paseo de la Castellana" [Inmobiliaria Espacio will present the fifth tower on Madrid's Paseo de la Castellana on Tuesday]. El Economista. EFE. 6 January 2017. Retrieved 25 September 2025.
  32. ^ a b Ugalde, Ruth (9 January 2017). "Quirón Salud abrirá un 'hospital wellness' dentro del complejo de la Quinta Torre" ["Quirón Salud will open a 'wellness hospital' within the Quinta Torre complex]. El Confidencial. Retrieved 25 September 2025.
  33. ^ "Villar Mir vende el 49% de la quinta torre de Castellana a un millonario filipino" [Villar Mir sells 49% of the fifth tower on Castellana to a Filipino millionaire]. 20 Minutos. Europa Press. 16 March 2017. Retrieved 25 September 2025.
  34. ^ Ruiz, Rocío; Morán, Carlos (27 November 2015). "El grupo filipino Emperador compra Torre Espacio por 558 millones" [Philippine group Emperador buys Torre Espacio for 558 million]. Expansión. Retrieved 25 September 2025.

40°28′40″N 3°41′20″W / 40.47778°N 3.68889°W / 40.47778; -3.68889

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