SUBSCRIBERS

Benidorm skyscraper a symbol of Spain crisis

Only 35% of the units have been sold with delivery due in early 2014

Published Wed, Oct 2, 2013 · 10:00 PM
Share this article.

[SPAIN] Stretching into blue skies far above other towers crowding the Spanish resort of Benidorm, the Intempo skyscraper stands as a hard-to-miss beacon of excess from the days of Spain's property bubble.

Floor numbers flash by on a blue screen as a new lift soars up this 180-metre giant on the skyline of the mass tourism resort on eastern Spain's Mediterranean coast.

At the foot of the 54-floor building - touted as the highest residential skyscraper in Europe - a semi-Olympic swimming pool waits to be tiled before welcoming the 1,000 residents who developers hope to lure to its apartments.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here