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Old Posted Dec 4, 2009, 3:13 AM
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SinCity SinCity is offline
Join Date: Jan 2004
Location: Sydney Australia
Posts: 141
Some good news on the progress of Tower 123.

Croatian financial portal reported early this week that Tower 123 has received final development approval by the City of Zagreb.

The project is being developed by 'Consultants d.o.o' which were formerly the property development arm of Hypo Alpe Adria Bank.

Currently financing of the project is the next stage with anticipated construction hopeful to begin sometime in 2010.

Currently the commercial market in Zagreb is strong with vacancy levels of grade A and B office buildings standing at less than 6% indicating strong potential for property developers with increasing demand for new large office projects.

Some renders of the proposed tower ....

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