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The company that concreted the Lake receives permission for 34 floors at the former Party School

2023-06-25 13:45:00, Aktualitet CNA

The company that concreted the Lake receives permission for 34 floors at the

The National Council of the Territory has approved the construction permit for a 34-story U-shaped tower at the former Party School. The tower with a service and residential function will have an area of ??68,000 square meters of construction. It will be built by Urbalb company.

Founded in 2020 by Samir Mane, in May of last year the Urbalb company was sold for 24 million ALL to the Lion Construction company. The latter is owned by Bardhjus Bushaj and Erion Gina.

Established at the end of 2016 with a capital of only 100,000 Lek or 1,000 dollars, Lion Construction managed to obtain a building permit within the Lake Park, at the former Lion Park, and then build a 14-story tower there. and almost 35 thousand square meters of construction.

According to the company's balance sheet, the construction of the tower at Lion Park was financed through a loan worth 3.5 million euros from Tirana Bank, another in the amount of 2 million euros from OTP, the owners' own capital as well as cash advances from the sale of apartments .

With the latest decision of KKT, Lion Construction has already added another tower in a coveted area of ??the capital, this time with 34 floors and twice the construction area.

According to the Veccantë Regulation document, the company has reached a development agreement with the land owners, who have acquired the land in this area through the legalization procedure. In the place where the tower will be built, there are currently several objects built without permission, which were later legalized by giving their builders the ownership of the land.

However, the ownership of the land at the former Party School is the subject of a long court conflict, where the family of the Minister of Finance is also involved./ Olirgarkia.al





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