Orco Property Group receives building permit for flagship residential tower in Warsaw (PL)

Orco Property Group has announced that on December 5, 2007 the company received a building permit for its flagship project – Zlota 44.

"Great cities need great investments. Zlota 44 is a unique building dedicated to Warsaw, inspired by its people and the renaissance of the city. We are proud to bring this new landmark which will permanently change the skyline of Warsaw," said Jean-François Ott, President & CEO of Orco Property Group.

The 192 meter tall tower will be erected in the heart of the city. Thanks to its remarkable shape, sustainable technology and state-of-the-art architecture by Polish-born architect Daniel Libeskind, it is one of the most innovative and ground-breaking projects in Poland.

"It is delightful for us, as well as for all inhabitants of Warsaw, to know that the city has approved our plans to help create new image of the capital," underlined Jean-Claude Moustacakis, Z³ota 44 Project Director.

Warsaw residents will not only enjoy the new skyline promised by the building, but also thoroughly regenerated landscaping around the tower - a green urban zone facilitating both public access and rest areas.

Zlota 44 will offer its residents accommodation and services of the highest standard. The impressive 54-floor structure will be home to 251 fully finished and equipped residences, with amenities including a concierge service, sundeck, 25-meter swimming-pool and sauna.

The first residents of Zlota 44 will move in during the first semester of 2010. The general contractor – Besix – is completing preparation works on the former city center shopping mall site after its demolition, where Zlota 44 is going to be erected.

The building construction will start immediately after the decision is validated and will last 28 months.

Source: Orco

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