Madrid Madrid Madrid (, ) is the capital of Spain and the largest municipality in both the Community of Madrid and Spain as a whole. The city has almost 3.2 million inhabitants and a metropolitan area population of approximately 6.5 million. It is the third-largest city in the European Union (EU), smaller than only London and Berlin, and its monocentric metropolitan area is the third-largest in the EU, smaller only than those of London and Paris. The municipality covers . Madrid lies on the River Manzanares in the centre of both the country and the Community of Madrid (which comprises the
Ciudad Deportiva, Madrid against. The agreement between Real Madrid and the local government stipulated that in exchange for re-zoning the land Real Madrid would cede a portion of the land to the Government. Then, in public project bids, both Real Madrid and the Government sold their portions to four corporations, Repsol YPF, Mutua Automovilística de Madrid, Sacyr Vallehermoso and Obrascón Huarte Lain (OHL), for which Real Madrid earned an estimated 480 million euros. These four corporations are, as of August 2006, constructing four skyscrapers on the site which will become their headquarters as part of the Cuatro Torres Business Area. The government also