Orco Property Group Acheives Greenlight for Zlota 44!

Orco's Zlota 44 as seen in the Nightime Landscape.

Orco Property Group is pleased to announce that the Governor of the Mazovian Voivodship has confirmed the validity and effectiveness of the building permit for the Złota 44 apartment project in the center of Warsaw.  As such, Orco may now enter the construction site and resume construction based on this final and effective building permit.  While these unfortunate administrative and legal delays will make it difficult, Orco will do its utmost to complete as much of the project as it can before EURO 2012. 

 “Today’s decision from the Governor confirms what Orco has known all along:  Złota 44 is a meticulously well prepared project that was planned and designed in accordance with all Polish laws and regulations. We are very pleased with this decision because it allows us to resume construction on the site in eight to twelve weeks.   Warsaw will soon be able to showcase a state of the art skyscraper to the entire world,” said Jean-Francois Ott, Orco’s President & CEO. “Of equal importance, this decision allows Orco to finish a unique residential project in Warsaw for the benefit of our customers, shareholders, and stakeholders.  We thank our clients for their patience, understanding and support throughout this period and also thank the Orco team and all of the people in the community who dedicated themselves to helping Orco start this project again,” added Mr. Ott.

Mazovian Governor Jacek Kozłowski acknowledged that Orco had properly obtained its building permit based on absolutely correct documentation and had met all legal and procedural requirements.  As such, the construction of the Złota 44 residential building designed by Daniel Libeskind can be resumed and all arguments raised by the seven person group of protesters have been rejected.  Nevertheless, the protesters’ obstructions stopped construction for several months and have resulted in extensive damages and costs to Orco.

Orco Benice: PHASE 1b: SALES HAVE BEGUN!!!!

After our successful completion of sales at Phase One of Orco Benice, we are now selling Phase 1b.  Phase 1b consists of 10 homes built to shell and core with facades.  This allows the buyer to finish the inside completely as if they were building a Custom Designed Home!  The 10 homes include semi-detached and individual homes with lovely garden lands!  House B6 was sold under Future Purchase Contract by Marjan Gigov, Orco Property Group Senior Sales Manager's, clients who are looking forward to getting started on their interior finishes!

Congratulations to Marjan and what I consider the smartest buyers in town, the new B6 Owners!

For more information on Benice Phase 1a contact mgigov@orcogroup.com or go to www.benice.cz

Watch a video about BENICE here:  http://bit.ly/aaFePH

Follow us on Facebook at orcoworld

Follow us on Twitter at @orcoworld

Palac Archa success

Orco Property Group are pleased to announce the signing of a new 1400 m2 major tenant in the Palac Archa project in downtown Prague http://www.orco.cz/palac-archa.html. Our new tenant, Gennet Group are a Genetics and Reproduction medicine centre and one of the leaders in the field of IVF with clients coming to them from all over Europe due to their latest technologies.  Gennet will take over a whole wing of Palac Archa  and have their own reception to ensure the confidentiality of their cients.
Many thanks to Katka Rehakova for all her hard work in winning this contract over the last 7 months.
For more info about the Gennet  group go to http://www.gennet.cz/.

Tyrsuv Vrch: A Great Place to Buy!

Tyrsuv Vrch is set in a quiet area of Prague 4 in the district of Krč and accessible to public tram lines that allow connections to the centre of Prague within 5 minutes.  Marjan Gigov, Senior Sales Manager at Orco Property Group is proud to report the sale of a 2 bedroom apartment with a 20m2 terrace!  They new owner is happy to be decorating and making the apartment their home.  They have called no less than three times to thank Marjan for the great customer service he provided and are referring the building to all of their friends.  Come have a look now before the last apartments are sold!


For more information on Tyrsuv Vrch contact Marjan Gigov at mgigov@orcogroup.com or visit www.orco.cz

Follow us on Facebook at orcoworld

Follow us on Twitter at @orcoworld