Municipal Square is a small area, but it is one of the most important squares in Madrid, also recognized as the most beautiful square in Madrid. In the center of the square stands the statue of King Philippe II's Marine General Bassan. The Luhanesta Tower on the east side of the square is the oldest civil building in Madrid. There is a narrow passageway between the Sisnero House on the south side of the square and the Madrid City Hall on the West side.