Zaha tower falls victim to crisis
Güncelleme Tarihi:
Agence France Press
Oluşturulma Tarihi: Ocak 20, 2009 00:00
WARSAW - A luxury residential sky-scraper designed by acclaimed Anglo-Iraqi architect Zaha Hadid in the heart of Warsaw has been put on ice due to the global financial crisis, the investor said Monday.
"The situation on the market must improve. Firstly, banks must begin giving credit for real estate investment and secondly, the apartments must be pre-sold," Kalman Surfin, president of Lilium, developers of the Hadid design, told the Monday edition of Poland's Gazeta Wyborcza liberal daily.
Surfin pegged the cost of the Lilium Tower project at some 400 million euros ($533 million).
It was to soar 250 meters into the Warsaw skyline with a total of 600 apartments, covering 101,205 square meters (1.1 million square feet) of floor space along with a hotel, commercial and leisure facilities.
According to initial plans, it was to have been completed by 2012 opposite Warsaw's landmark Palace of Culture, a Stalinist-era specimen of socialist-realist architecture.
Surfin pegged the cost of the Lilium Tower project at some 400 million euros ($533 million).
It was to soar 250 meters into the Warsaw skyline with a total of 600 apartments, covering 101,205 square meters (1.1 million square feet) of floor space along with a hotel, commercial and leisure facilities.
According to initial plans, it was to have been completed by 2012 opposite Warsaw's landmark Palace of Culture, a Stalinist-era specimen of socialist-realist architecture.