Daniel Libeskind Showcases Signature Style With Zlota 44, Warsaw

Polish-born architect Daniel Libeskind is in the spotlight once more with the international launch of arguably his most high-profile project to date. The iconic Zlota 44 tower in Warsaw brings his signature style to the skyline of the Polish capital. Mr Libeskind was entrusted with the task of designing Poland's new landmark structure due to his deep Polish roots and mastery of design. US-based real estate investment manager Amstar and Polish developer BBI Development S.A. are now responsible for completing the 192 metre (629 ft.) high, 52-storey tower.

The joint Polish-American architect, who also holds Israeli citizenship, is well-known in Israel for his acclaimed work on such buildings as the Pyramid Tower in Jerusalem, the Jewish Museum in Berlin and The Wohl Centre in Ramat-Gan. Zlota 44 is the first project that Mr Libeskind has designed in Central and Eastern Europe, which has added a new layer of dramatic architecture to the Warsaw cityscape.

Zlota 44 dominates the city's skyline and provides 287 one, two and three bedroom apartments and penthouses complete with business, leisure, concierge and parking facilities. The design of the tower makes each apartment unique in size and layout, with a wide range of floor plans. Typical apartments range from 660 sq. ft. up to 3,224 sq. ft., with penthouses and several full floor residences reaching up to 10,000 sq. ft.

The façade of Zlota 44 was constructed with self-cleaning high quality paneling and triple-glazed floor-to-ceiling windows. Commenting on the architectural design of Zlota 44, Daniel Libeskind said: "The concept and design of Zlota 44 first came to mind as I was reflecting on the city, which has been resurrected after ages of destruction and oppression. I wanted to capture both the Warsaw of the past and the future in one specific shape, as well as give a sense of the freedom and affirmation of everyday life today. More than anything, I was inspired by the identity and the potential of this amazing city."                                

The apartments offer elegant interiors designed by award winning international design studio Woods Bagot. Purchasers can choose from nine different interior design schemes, providing a range of colours and materials that suit the tastes and preferences of each individual. The combination of world class design and spectacular views create the ultimate living space in the thriving capital of Poland.

In addition to the luxury apartment interiors, the tower offers residents an unmatched living experience, providing world class amenities and services that are not yet present in Poland. On the eighth floor of Zlota 44 is a 15,000 sq. ft. leisure and entertainment complex for the exclusive use of residents and their guests.

The space includes a 25-metre swimming pool (the largest private pool in Poland); private residents' terrace with sun loungers and Jacuzzi; gym, full spa facilities (including Finnish sauna, steam room and massage rooms), private cinema equipped with a golf simulator; children's playroom and business conference rooms.

Wine connoisseurs will have access to a large temperature controlled wine storage on the ground floor, accommodating up to 10,000 bottles, complete with a tasting room. At the base of the tower is a nine storey parking facility, which is accessible from street level and contains spaces large enough for luxury cars. The dedicated concierge, supported by full-time staff maintaining the leisure and entertainment facilities, will ensure that residents receive 5-star service on a daily basis.  

Michal Skotnicki, President of BBI Development, commented: "We currently have significant interest in Zlota 44 from both Polish and international buyers. We estimate that approximately 70% of apartment sales will ultimately be to local Polish buyers with the rest being international buyers. The cultural links between Poland and Israel, combined with the international living standard at Zlota 44 make this the perfect landmark scheme for a second home in Central Europe."

All apartments have a spacious living area with floor-to-ceiling windows and specially designed automated fresh air panels to regulate air flow within the apartments. The kitchen and breakfast rooms are open plan, custom fitted and complete with integrated Gaggenau appliances and breakfast bars. Residents will have options for the inclusion of exposed polished-concrete ceiling and column features, Caeserstone kitchen worktops and stained-oak or American-walnut flooring. Apartments also feature the latest home management systems, which are compatible with tablet-controlled and smartphone-controlled technology.

Upon entering Zlota 44, residents and guests are greeted by an impressive reception area, designed by Daniel Libeskind, featuring six metre high ceilings, luxurious furnishings and floor-to-ceiling windows flooding the lobby with natural light.

The tower will complete construction mid-2016, with first residents scheduled to move in at the end of 2016. With one, two and three bedroom furnished show apartments and a sales suite now in place on the 50^th floor the developers have launched the project's international sales campaign in conjunction with Savills.

Investors who purchase at Zlota 44 can benefit from a full rental management service provided by leading Polish residential property investment and management company Mzuri. On offer is a fully tailored service giving owners a 'hands-free' investment, with steady rental income. The property management service includes active apartment marketing, showcasing the property to prospective tenants, verifying and selecting the tenants, managing tenants queries, on-going rent collection and apartment maintenance.

Commenting on the investment potential of Zlota 44, Charles Weston Baker, Head of Residential International at Savills said: "The favourable gross rental yields available in Warsaw, regularly averaging between 7.5% and 8.5%, is one of the key attractions for investors. Compared to similar markets Warsaw significantly out-performs achievable yields in large European cities such as London (2%-5.5%), Paris (3%-4%), Berlin (3%-4%) and Budapest (6%-7%). The energy and influx of investment coming into Warsaw at the moment is reminiscent of the situation in Berlin several years ago."

Prices at Zlota 44 range from $366,000 (1.4 million PLN) for a one-bedroom apartment up to $2.9 Million (11 million PLN) for a three-bedroom apartment. The opulent penthouses are available under private negotiation, with offers expected to exceed $11 million. For further information contact Savills International on Tel: +44(0)207-016-3740 or visit http://www.savills.com or contact the Zlota 44 sales team on Tel: +48-22-250-14-44 or visit http://www.zlota44.com

Notes to editors:  

Daniel Libeskind 

Award-winning architect Daniel Libeskind, a Polish-born American, was tasked to create a building that would be an icon for modern Poland, as well as being instantly recognisable across the world. The result is the iconic Zlota 44 residential tower.

Daniel Libeskind has been responsible for designing some of the finest buildings in the world including the Century Spire in Manilla, the Wohl Centre in Israel, the Imperial War Museum North in Manchester the Jewish Museum in Berlin and the One World Trade Center Masterplan in New York. These projects have enabled Daniel Libeskind to comfortably enter the realm of 'superstar' architect. A pioneer of the situational style, he has also received several Royal Institute of British Architects (RIBA) awards and is an honorary member of the Royal Society. He designed Zlota 44 following a reflection on the city, culture, history and spirit of Warsaw, capturing both the rich heritage and bright future of the city in one distinctive shape. http://www.libeskind.com

Amstar 

Established in 1987, Amstar is a real estate private equity company that acquires, develops and manages properties in the United States and select international markets.

Amstar's core investment strength lies in its consistent application of disciplined underwriting standards while remaining nimble and efficient in taking advantage of opportunities in a rapidly changing global investment environment. Amstar is a private company whose activity is based on a culture of trust, honesty, and respect. http://www.amstar.com

BBI Development 

BBI Development S.A., a real estate development company listed on the Warsaw Stock Exchange, combines experience and modernity. Distinctive features of all BBI's projects include their exceptional character and unrivaled locations.

The company has completed commercial and residential projects as Rezydencja Foksal and Nowy Plac Unii, and currently carries out work connected with Centrum Marszałkowska; a commercial and retail complex, as well as Centrum Praskie Koneser; a commercial, residential, cultural and entertainment complex located in the south of Warsaw. The comprehensive implementation of those ventures makes BBI Development S.A. a major player in the Polish property development market, particularly in Warsaw. http://www.bbidevelopment.pl

Savills 

Savills is a global real estate services provider listed on the London Stock Exchange. Savills operates from over 600 corporate and associate offices, employing more than 27,000 people in over 60 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. http://www.savills.co.uk or http://www.savills.com