Skyscraper

Becken Consortium Poised to Secure Acquisition of Signa's Elbtower Development

10 days ago

In a significant development within the real estate market, the Becken consortium is nearing an agreement to purchase Signa's ambitious, yet unfinished, Elbtower project located in Hamburg, Germany. This towering architectural endeavor, which was initially conceived as a centerpiece for the HafenCity district, promises to redefine the skyline of this bustling port city.

City of London Green Lights Ambitious Skyscraper Project, Set to Become the City's Tallest Building

10 days ago

The City of London has officially sanctioned plans for a groundbreaking skyscraper that promises to redefine the skyline of one of the world’s most iconic financial districts. This new architectural marvel, designed to become the tallest building in London, is expected to stand at a staggering height that will not only make it a prominent feature on the city's landscape but also reinforce London's status as a global business hub.

Major Debt Deal: Lotte to Use Seoul Skyscraper as Collateral

26 days ago

In a significant financial maneuver, South Korean conglomerate Lotte has announced plans to pledge a prominent skyscraper in Seoul as collateral for its ongoing debt obligations. This decision comes at a time when the company is seeking to stabilize its financial health amid increasing economic pressures and evolving market dynamics.

Pressure Mounts as Chinese Skyscrapers Stand Empty: A Price War Erupts Among Developers

2 months ago

In a remarkable turn of events, the skyline in several Chinese cities is reflecting a shocking reality: many towering skyscrapers stand empty, signaling a troubling oversupply in the property market. This precarious situation has ignited fierce competition among developers, leading to drastic price cuts in an attempt to attract potential buyers and tenants.

Saudi Billionaire Prince Alwaleed's Firm Resumes Work on World's Tallest Tower

3 months ago

This, until now, marks a world attraction wherein Kingdom Holding Company, led by Saudi Arabian billionaire Prince Alwaleed bin Talal, has resumed construction work on what promises to be the world's tallest building: Jeddah Tower in Saudi Arabia. This had been formally announced on October 2, 2024, signifying the development of the project that has hitherto faced several delays.