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Court rules in favor of Złota 44 developer

30th January 2012
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Legal risks relating to the project's building permit no longer pose a threat to construction, developer Orco has said

Złota 44, which is located in downtown Warsaw, is almost ready for topping out
Courtesy of PR Premium

The Voivod Administrative Court in Warsaw has rejected claims made by neighbors of the under-construction Złota 44 skyscraper that a number of mistakes were made at the administrative stage of the project and that work on the scheme should be suspended.

The court’s decision has reaffirmed the validity of the luxury residential development’s building permit and means all outstanding proceedings related to the case have been closed, Orco Property Group, the developer behind Złota 44, said in a statement.

Orco says that construction is no longer threatened by any legal risk relating to the scheme’s building permit.

In a series of court cases starting in 2008, several neighbors of the project challenged the legality of the development’s building permit and other paperwork, leading to work on the scheme being suspended on a number of different occasions.

“While it remains possible for the neighbors to – again – file a cassation appeal to the Supreme Administrative Court, we are absolutely convinced that any further complaint would be dismissed,” Mariusz Leśniewski, head of Orco’s Legal Department in Poland, said in the statement.

Orco announced in January that the 53rd floor of the Daniel Libeskind-designed building had been completed and that the project would receive full bank financing.

“We are just one floor away from topping out the building,” said company representative Alicja Kościesza.


From Warsaw Business Journal by Gareth Price


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