with general construction contractor Inso. By the end of the year, ORCO was calling the investment a "major financial failure for the group in the fall of 2013". It announced a €121 million (approximately 500 million PLN) write-down of the value of the building, and went on to announce its intention to sell it as quickly as possible. One of the banks financing the skyscraper's construction terminated its contract and wanted its 250 million PLN loan refunded. ORCO also disclosed that the high apartment prices (up to 65,000 PLN per square meter, at the time the highest in Poland) were artificially inflated to generate media coverage. On 28 August 2014, ORCO's sale of Złota 44 was finalized; the skyscraper was acquired by American real estate investment company Amstar and Polish property developer BBI Development for €50 million (approximately 215 million PLN), a fraction of the estimated €163 million (700 million PLN) construction cost. Panorama picture See also List of tallest buildings in Poland List of tallest buildings in Warsaw List of tallest buildings in Europe References External links Project website Project page from the architect's website Skyscrapers in Warsaw Śródmieście, Warsaw Daniel Libeskind buildings Residential skyscrapers in Poland Buildings and structures completed in 2016