It forms part of the Ciutat Vella district, being its tallest building, and is located in the Sant Francesc neighborhood, specifically in the Plaza de San Agustín, near the Estación del Norte. It is 22 stories high and its total height is 85 meters.
It was built by the architects Vicente Figuerola Benavent and Vicente Aliena Goiti on the land of the old Primitiva Valenciana foundry. Its works began in 1954 and ended in 1962.1 It was the tallest building in the city for nearly forty years, until the end of the 20th century. It is currently the 9th tallest building in the city. Its use is residential.
The building is popularly known as the Iron Estate due to the imposing iron structure that was used in its construction and that was left uncovered for years, being able to be seen from the street. During its construction it was also popularly known as the Collons Estate, because when people left the North Station they looked to the left, saw the building under construction and used to exclaim in Valencian: “Collons, quinta finca!”.