La Vaguada was the first shopping centre to be opened in Madrid and the first in Spain. César Manrique, the painter, sculptor and architect from the Canary Islands, designed the iconic building, creating the country’s first shopping centre in a natural setting surrounded by trees.

Opened in 1983 in the Pilar district, today it is a meeting point for many Madrid residents and visitors to the city, who take advantage of the shops and the leisure options available. A wide range of products is available, including fashions for women, men and children, food, products for pets, hardware, beauty products, accessories and mobile phones. The centre also contains banks, a post office, a dental clinic, photography shops, a tobacconist's, restaurants and cinemas.

There are plenty of interesting options for spending an enjoyable afternoon here with your family or friends. Various other useful services are provided: there is no charge for calling taxis, push-chairs for children and wheelchairs can be borrowed free of charge, there is a wi-fi area and a lost property office.

The centre organises contests to foster interaction with customers and visitors, and a solidarity area has been created with stands for various NGOs, while there are green areas to promote people's commitment to the environment (collection points for used batteries and mobile phones, a smoke-free area, etc.).