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An early 20th century palace in the Chamberí neighbourhood is a municipal space offered by Madrid City Council to house this centre, founded in 2018, that acts as a bridge for cultural  and knowledge exchange between Mexico and Spain. It forms part of the Mexican Embassy.  

The 2,700 square metre building has four floors on which the “Martín Luis Guzmán”  bookshop of the  Fondo de Cultura Económica, an auditorium, a shop specialised in popular art, exhibition halls, a permanent collection  of Mexican art, a space for community workshops, a gastronomic hall and the Mexican Punta Arena restaurant are located.

It will also house the Mexican Institute in Spain or the Octavio Paz Library, which will be the most comprehensive in Mexican topics in Madrid.