Situated in the north-east of the province of Salamanca, practically on the border with Ávila. As early as 1375, John I acknowledged the importance of this town as a centre for trade, granting it the right to hold a weekly market. It boasts a prime location at the crossroads of Las Merinas transhumance route.

A land of trade and industry, it achieved its maximum splendour during the 17th, 18th and 19th centuries, a time that laid the foundations for the town’s structure, with a historic quarter that includes three squares leading on from one another and colonnades to hold the market stores, as well as the emblematic Church of San Miguel.

In the 16th century Peñaranda became the county town and seat of the Bracamonte family, local benefactors responsible for various buildings of immense architectural value such as the Carmelite Convent, declared an Asset of Cultural Interest. A town that still conserves the original medieval layout.