Re-start of construction on Zlota 44, Orco Property Group

Orco Property Group’s iconic Liebeskind-designed luxury residential project in Warsaw symbolized the promise of ‘New Europe’. Then it came to represent the crushing of hopes and reputations which the credit crisis wrought across the CEE region. Now there is a new dawn of hope for this famous project as the skyscraper reaches higher every week, gladdening the hearts of Warsaw inhabitants, who had resigned themselves to seeing an empty shell in their midst for the foreseeable future. Maybe a bit premature – it’s not completed and the apartments aren’t fully sold up yet by any stretch – but the re-commencement of work on the scheme has shown the fighting spirit in Orco and its CEO, Jean-Francois Ott, and collectively the market keeps its fingers crossed for a successful conclusion to what would be a project the capital city could be proud of.

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