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Orco Property Group

Poland Property Group Sells Shares to Fund Luxury Development

2014-04-29 by Aleksandr Shatskih

Zlota Tower

Orco Property Group reported today their intended divestiture of some 108 million shares it holds in subsidiary Orco Germany for an anticipated €55 million euros. According to the news via press release, Orco use the funds to rescue from bankruptcy the so-called Zlota project, a super luxurious residential high rise in Warsaw.

Tags: Daniel Libeskind, Europe investing, Orco Property Group, Poland residential, property news, UnCredit, Warsaw property, Zlota project

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An official document confirms what many feared: water and sewage capacity in Crete cannot support new large hotel developments.

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