Located near the Plaza de Colón in the Jardines del Descubrimiento, the theatre was inaugurated on 15 May 1977.

[1] Since its early days, its programme has featured plays by both classical and contemporary authors, as well as other events such as concerts and exhibitions.

[3] In September 2013, the City Council of Madrid dismissed the director of the theatre and announced its intention to privatize its management, sparking outrage in the cultural world.

[6] The third room is an exhibition hall (Sala de exposiciones) with a surface area of 2,000 square metres (22,000 sq ft).

[7] The theatre has hosted funerals of celebrated artists on several occasions throughout the years, with those of Lola Flores (1995),[8] Rocío Jurado (2006),[9] and Tony Leblanc (2012)[10] being notable examples.