Long-awaited Project in Benidorm Reaches Completion

28 July 2021 | Benidorm, Spain

The Intempo started construction in 2007. Image credit: Carlos Madrid

The Intempo skyscraper in Benidorm has been completed at 187 meters. The twin towers reach to 49 floors. Its elevator is reported to rise at a rate of 4.2 meters per second, reaching the top floor in less than a minute.

At the top, the structure is linked by an conical structure, where a penthouse apartment is around €2 million (US$2.4 million). So far, 100 of the building’s 256 apartments have been presold, according to The Guardian.

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The project was first proposed in 2006, with construction starting in 2007. In the intervening time, it has changed ownership several times. It’s current owner, SVPGlobal fund, paid €60 million (US$71 million) to acquire the building’s debts from Sareb, which acquired tens of thousands of unfinished properties after Spain’s real estate bubble burst in 2008.

For more on this story, go to The Guardian.