Circuit de Valencia

The Circuit de Valencia (officially named "Circuit de la Comunitat Valenciana Ricardo Tormo") is a motorsport race track located in Cheste (Valencia, Spain) and built in 2000. It has a capacity of 120,000 spectators and seating for 60,000. It is often used as a test track by the Formula One teams, because of the mild temperatures in winter. Kimi Räikkönen holds the unofficial lap record, set while testing a McLaren-Mercedes, with a time of 1 m 09.005sec.

More info at  en.wikipedia.org