Elbtower: The shattered dream of the new Hamburg landmark Panorama 3

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Published on Oct 3, 2024
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Elbtower: The failed Hamburg project - end of a dream? The Elbtower, once conceived as Hamburg's new landmark, now stands as an unfinished backdrop in HafenCity. Construction of the ambitious skyscraper has been on hold since the end of 2023. Financial difficulties of the investor René Benko and his company Signa caused the project to fail. Why did the Elbtower project fail? This film sheds light on the complex reasons for the construction halt. In addition to the obvious financial problems, the role of miscalculations, bureaucratic hurdles and the general economic situation are also examined. Experts analyze which decisions led to the failure and what alternatives there would have been. The consequences for Hamburg The unfinished construction site raises questions about the future of HafenCity. Demolition is expensive and time-consuming due to the height of the shell, and continued construction under new owners appears difficult given the current real estate market. Experts discuss the possible scenarios and the impact on Hamburg's urban development. What does this mean for investors and developers? 00:00 Introduction 01:18 Review 01:54 Problems with proof of capital 03:30 Loan agreement with the Hessian Landesbank 05:00 Lack of control during construction 06:13 Tricks from René Benko 07:51 Future of the Elbtower More background information on the Elbtower can be found in this article: https://www.ndr.de/fernsehen/sendunge... #panorama3 #elbtower #hafencity Photo Thumb: ► More from Panorama 3 can be found here: https://www.ndr.de/fernsehen/sendunge... You can also find us on: ► Instagram: / panorama.stories ► Facebook: / panorama.de ► Feel free to comment, but please observe our netiquette: https://www.ndr.de/service/technische... ► Data protection: https://www.ndr.de/service/datenschut... ► Legal notice: https://www.ndr.de/service/impressum/... https://www.ndr.de

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