Construction of Plac Pilsudski office tower held up by legal wrangles

Hochtief Polska, owned by German construction group Hochtief, has been selected as the contractor to build an office tower in Warsaw's Plac Pilsudski, a contract valued at between $80 and $100 million. However, the project is already beset with difficulties, since the investors, American developer Hainz, and Warsaw's Gmina Centrum district, are facing legal problems over restitution claims regarding the planned site for the building. Sounding an optimistic note, however, is Gmina Centrum representative, Jerzy Guz, who says he hopes that the problem can be resolve d within a month. The design of the new office tower has been drawn up by world renowned architect, Sir Norman Foster. (Puls Biznesu, p. 10) M.T..