U2 at the Portuguese Presidencial Palace in Lisbon where they were presented with the Order of Liberty Award. Lisbon, Portugal- 14.08.05

The ONE band - BONO, ADAM CLAYTON, THE EDGE and LARRY MULLEN - will build the 35-floor skyscraper in the docklands area of the city, at British Quay.

U2 will have a recording studio in its penthouse, which they will have access to via a private lift.

The building has already been nicknamed The U2 Tower.