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The Círculo de Bellas Artes is a private, non-profit cultural institution. The headquarters of the Círculo de Bellas Artes, designed by the architect Antonio Palacios and located on Calle Alcalá in Madrid, was built in the early 1920s and inaugurated by King Alfonso XIII in 1926. It is one of the most important private cultural centres in Europe, with an extensive cultural programme that includes performances and exhibitions ranging from the visual arts to literature, science, music, philosophy, film and the performing arts. And being right in the centre, right on Gran Vía, it has the best view of Madrid from its roof terrace.