Posted: Jul 14, 2011, 6:37 PM
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Cheese
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Join Date: Jan 2011
Location: Somewhere around dirty Paris.
Posts: 613
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Translating an online article from French real estate news site Business Immo :
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Originally Posted by businessimmo.com
2011/07/13
Ermin Iskenderov wants to take over the Generali tower
According to our sources, Hermitage's CEO Ermin Iskenderov is interested in taking over the Generali tower project which has just been given up by the Italian insurance company.
"The Generali building is neighboring the 2 Hermitage ones whose construction is going to start in november of 2011. If we were able to purchase the project and modify it in a mixed use building, the Generali tower could come as a good complement to the Hermitages", he told us.
Designed by architecture firm Valode & Pistre, the Generali tower (92,000 m²/990,000 sq ft) is a demolition/reconstruction operation that was to replace the current Iris building. The project, which € 10 million would've been invested for in studies, had come through all opposing appeals at the time it was eventually canceled.
"We believe a lot in la Défense and we want to work in a broad way, Hermitage's CEO says. Since the giving up on the project, we've been thinking about the idea of adding a third tower to the Hermitage project." For now, Ermin Iskenderov affirms having made no proposal to Generali yet, but confirms the information that he had already talked about the idea of taking over the building to the Italian company a few months ago, "if some difficulties came up".
According to Hermitage's CEO, the giving up on this building is not "a bad signal to la Défense's market. This building was designed at a time when the market conditions were different from today's. An office building whose surface area is greater than 50,000 m² (550,000 sq ft) is no longer proper; that is why Generali gave up the project, not because the market would be bad." Ermin Iskenderov thinks "there are still today some reasons for the Generali tower to be, by offering some mixed, complementary activities like office space, homes and hotel rooms".
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French original
Hermitage Plaza (mixed use twin supertalls) project thread
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