The Italian art collector Patrizia Sandretto Re Rebaudengo is opening a foundation in Madrid, reports Anny Shaw of the Art Newspaper. The new space, which will be about 68,000 square feet, is scheduled to open in 2019 and is being designed by Ghanian-British architect David Adjaye and Spanish architect Arturo Franco. This will be the collector’s third foundation—two others are located in Italy—and it will primarily be used to showcase her vast holdings of one thousand works.
The building that will house the foundation is being leased to Sandretto Re Rebaudengo for fifty years by the city of Madrid. In exchange, the collector will offer up one hundred works on long-term loan to the city. The foundation will also give curators residencies to organize exhibitions of Spanish artists, among other programming. Madrid’s mayor, Manuela Carmena Castrillo, compared the arrival of the foundation to a branch of the Guggenheim landing in Bilbao. “Everybody has the right to enjoy art. That's why we have to open our doors to collectors,” said Castrillo.