Financial Times FT.com

Madrid and Barcelona: Tenants sharpen bargaining tools

By Mark Mulligan

Published: October 2 2009 16:02 | Last updated: October 2 2009 16:02

On the northern fringes of metropolitan Madrid, four new state-of-the-art skyscrapers soar between 220 and 250 metres into the air, dwarfing most other structures in Spain.

Built on an expanse of re-zoned land previously owned by Spanish football club Real Madrid, the 45- to 56-storey towers have redefined the capital’s skyline and consolidated its northern districts as the financial and business hub of the city.

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