Initially designed as a bullring, this multi-purpose space in Carabanchel is a covered and acclimatised building with capacity for up to 14,000 people. Thanks to its versatility, it adapts to the needs of any event, from actions aimed at a small audience to mass musical performances or sporting events. Alongside the Palau San Jordi in Barcelona, it is the only venue in Spain to belong to the European Arenas Association (EEAA).

The Palace is divided into various spaces:

• Arena: versatile space that boasts an impressive cyclorama, with black perimeter curtains that help to create different formats and spaces. Ideal for presentations, award ceremonies, conferences, private concerts and any activity aimed at a capacity that ranges from 500 to 12 000 people.

• Centre: its main space spanning 1,735 m² is perfect for the organisation of banquets (up to 1,390 people seated), cocktails (up to 1,800 people standing up), exhibitions, parties and a long etc.

• BlackBox: space with personality which has seen numerous artists and guests pass through.  Its stage and technical equipment enables private parties, cocktails, coffee breaks and private concerts to be organised with its capacity ranging from 300 to 2,000 people depending on the activity.

• VIP Areas

There are also several bars scattered around the three floors, as well as a VIP car park and an underground pay car park.