Orco to begin construction on flagship Zlota 44 project

Orco Property Group has announced that it has received the final building permit for its flagship Polish residential project Zlota 44, and that construction can begin immediately. The 192-metre high tower was designed by renowned Polish-born architect Daniel Libeskind. Located in central Warsaw the luxury apartment building boasts sustainable technology, high-quality standards and an innovative architectural design based on the idea of an eagle rising into the air.

The 54-storey building will contain 251 fully furnished and equipped residences, with amenities including a concierge service, sundeck, 25-meter swimming-pool and sauna. Energy efficient solutions utilised in the design will contribute to a savings of 10 - 20% on energy consumption. Each apartment will have an intelligent management system providing automated home management controls. Completion is scheduled for the end of summer 2010.

Jean-Francois Ott, president & CEO of Orco Property Group, commented: 'It was many minds and one vision of an outstanding building, which will put Warsaw on the world's top architectural map. Great cities need great investments. Zlota 44 is a unique building dedicated to the capital of Poland. We are proud that our maybe courageous dream can be finally realized.'

'I have known this place from my childhood. It is the very heart of Warsaw, a city with untold potential. Zlota 44 will symbolise this wealth of opportunity and emphasise its value to the world. It is a building that embraces the aspirations of Warsaw. A unique building shaped by Warsaw's history and its light. This building will address a major shift in major cities around the world, where residential buildings will emerge as the most striking designs,' said Libeskind.