Also known as Plaza de San Miguel, this square is located right in the centre of Teguise, and is presided over by Lanzarote’s main church, dedicated to Our Lady of Guadalupe. The square was reworked by Leonardo Torriani in around 1590, and again by Pedro del Castillo, in 1686.

Following a series of improvements, by the beginning of the 20th century the structure of the square was very similar to that of today and the two statues of lions, designed by Francisco Spínola, had also been incorporated.

Around the 1940s, the fountain was added, as well as the benches made using Arucas stone, with Luís Ramírez González being the main contributor.