One of the Tallest Buildings in Spain Has Been Renamed After a Filipino Company
Torre Espacio, a building located in Madrid, was the tallest structure in Spain when it was completed in 2007. Rising to a height of 230 meters, it’s about as tall as the Grand Riviera Suites in Manila and the new Royalton at Capitol Commons in Pasig City. Torre Espacio held that title for about a month, until another skyscraper—Torre de Cristal—surpassed it a month later.
Today, Torre Espacio is the fourth tallest structure in Spain. And just last week, the building was renamed Torre Emperador after the popular brandy brand produced by billionaire Andrew Tan’s Alliance Global Group. The company made the announcement in a Facebook post. It is the first known instance of a skyscraper in Spain—the country that colonized the Philippines for over 300 years—being named after something with Filipino roots.
According to Emperador’s Facebook post, Torre Emperador also houses the embassies of the United Kingdom, Canada, and Australia, and the Netherlands in Spain, among others. Of course, it is also the home of Emperador’s corporate headquarters in Spain.
Andrew Tan has owned the building since 2015, when he bought it for around P11.5 billion. Reports said the billionaire bought the building “in his personal capacity and remains a private investment of his family.”
Grupo Emperador acquired Spanish brandy company Fundador Domecq also in 2015 for P13.8 billion, which made it the world’s largest brandy company. The acquisition included 1,500 hectares of vineyard land and one million square meters of cellar and bottling facilities.