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Old October 20th, 2012, 07:59 PM   #1
lady gaga
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TRIPOLI | The Medina Tower | 40 fl | U/C





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Maltese firm to resume massive Tripoli project


Malta-based Mediterranean Investments Holding has restarted its preparatory work on the €300m Medina Tower in Tripoli.
The work was brought to an abrupt halt by the uprising in Libya, but the company has now reconvened the project team to get the project going again.
"The directors are of the opinion that the opportunity for the Medina Tower project has increased significantly post the conflict period and are currently evaluating ways of enhancing the feasibility of the project," the company said.
Medina Tower has been conceived as a 40-storey mixed-use development.
The brainchild of MIH - the company established by Corinthia Group in 2006 to pursue landmark real estate projects in Libya - Medina Tower will take four years to complete.
With total gross space of 200,000 square metres on Tripoli's main boulevard adjacent to the imposing Corinthia Bab Africa hotel, Medina Tower is aimed at being a pioneering concept for Tripoli - besides being the first mixed-use development, it will feature Tripoli's first real shopping mall, and boast the city's first high rise apartments.
The high-end development will incorporate 58,000 square metres of residential space for sale, 23,000 square metres of office space, 8,200 square metres of retail area, 7,000 square metres earmarked for food and beverage outlets and leisure facilities including a spa and a gym, 5,000 square metres of conference and exhibition space, and 33,000 square metres of underground parking on four floors.

A view of the Medina Tower
Medina Tower is MIH's second project in Libya following the development and ownership of the hugely successful Palm City Residences, the luxury village in Janzour.
MIH said that notwithstanding the mammoth challenges it faced during the troubled months of the uprising, Palm City remained intact with very minimal damage.
During the uprising Palm City Residences remained open and operational, albeit with reduced personnel commensurate with the level of operations, allowing it to generate sufficient revenue to meet the on‐going operational expenses and overheads and ultimately resulting in generating an operating profit in exceptional circumstances.
"PCL has now geared itself up again to the level it was prior to the conflict so as to maximize on the business potential and in anticipation of a considerable influx of tenants in a short and possibly very pressing time frame," the company said.

Source: http://www.timesofmalta.com/articles.../towers.417195
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Old October 20th, 2012, 07:59 PM   #2
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The superb renders









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Old October 20th, 2012, 07:59 PM   #3
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Tripoli Medina Tower LD 1.5-bn contract signed

Posted on 11 September 2012.

A LD 1.5-billion contract has been signed to begin on a 40-storey, luxury Tripoli seafront building.
The contract was signed at the Corinthia Hotel, Tripoli, by the managing director of the Medina Tower Joint Stock Project, Reuben Xuereb, and the project’s technical director, Bashir El-Saleh.
UK-based architects Sidell Gibson are designing the building, which will comprise 180,000 square metres of floorspace on 40 floors.
Koray, a Turkish construction conglomerate, has been awarded the contract for the sub and superstructure works on Medina Tower. The Tower will offer 336 luxury apartments for sale and 26,000 metres of office space for rent. There will be a further 22,000 square metres for conference facilities, restaurants and shops, in addition to a spa and leisure facilities. There will also be underground parking, providing space for 850 vehicles.
The combination of retail, commercial and residential units in one property is thought to be the first of its kind in Libya.

source:http://www.libya-businessnews.com/20...ntract-signed/
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Old October 20th, 2012, 08:00 PM   #4
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Corinthia Signs First Contract for €320m Medina Tower

Posted on 07 September 2012.


Turkish contractor Koray has been awarded the contract for the sub and superstructure works for Tripoli’s Medina Tower project.
Medina Tower is a 40-storey building which will comprise luxury residential units, class A office space, a commercial centre housing some of the top fashion brands, restaurants offering a wide international cuisine and a luxury spa with extensive leisure facilities.
Located in the heart of Tripoli’s golden mile, Medina Tower will be built on an 11,000 square metre plot of land and will cover 200,000 square metres of built-up area over 40 floors above ground, and four floors of underground parking which can accommodate up to 900 cars.
The contract was signed by the Managing Director of the Medina Tower Joint Stock Company, Reuben Xuereb together with Bashir El Saleh as Technical Director. The signing ceremony was held at the Corinthia Hotel Tripoli, and was presided by the Chairman of Medina Tower, Taher Siala, and Yousef Abdelmaula, Vice Chairman of the Corinthia Group. Attending the ceremony were the Chairman of the Investment Board, Eng G. Guider and the Deputy Minister for Planning Ali Essaleh together with a host of local journalists.
Alfred Pisani (pictured), Chairman of the Corinthia Group said that this was another major milestone for the group and following the recent launch of the Corinthia Hotel in London, the Group is now focused and excited about this new project in Tripoli.
“Libya has been through a challenging period last year and we had to deal with some very difficult and trying moments. We have, however, remained focused and determined to push ahead with our investment plans and we are pleased to report that the hard work and determination has now paid off as we are about to break ground on this landmark development in the heart of Tripoli”.
The project will take 40 months to complete. The first of its kind in Libya, Medina Tower will bring to the city an address where locals and foreigners alike can live in luxury, work in modern and technologically advanced office spaces, and enjoy the unique commercial and leisure facilities that this high rise iconic building will offer.
source:http://www.libya-businessnews.com/20...-medina-tower/
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Old October 20th, 2012, 08:01 PM   #5
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Quote:
Corinthia’s dream Tripoli tower




The Medina Tower will be the largest single investment in Tripoli since the revolution.
Corinthia yesterday got a step closer towards the €320 million development of Medina Tower, a 40-floor luxury block to be built in the heart of Tripoli’s golden mile.
The Maltese hotel franchise signed an agreement with Turkish contractor Koray for the sub and super structure works of the tower.
After three years of planning and negotiations, the tower is expected to be completed within 40 months and will be the largest single investment in Tripoli since the revolution.
“Libya has been through a challenging period last year and we had to deal with some very difficult and trying moments,” said Corinthia Group chairman Alfred Pisani at the signing ceremony of the contract, held at the Corinthia Hotel in Tripoli.
“We remained focused and determined to push ahead with our investment plans and we are pleased to report that the hard work and determination has now paid off as we are about to break ground on this landmark development in the heart of Tripoli,” he added.
Medina Tower will comprise luxury residential units, office space, a commercial centre housing top fashion brands, restaurants offering a wide international cuisine and a spa.
It will be built on an 11,000 square metre plot and cover 200,000 square metres of floor space, including four floors of underground parking.
Medina Tower is the third major project undertaken by the Corinthia Group or any of its associate and subsidiary companies, following the successful completion and ongoing operation of Corinthia Hotel Tripoli and Palm City Residences.
source:http://www.timesofmalta.com/articles...i-tower.436004
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Old October 20th, 2012, 08:04 PM   #6
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The location is next to Burj al fateh hotel
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Old October 20th, 2012, 08:12 PM   #7
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beautiful
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Written by nature edited by evolution.
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Old October 20th, 2012, 08:26 PM   #8
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Originally Posted by MasonicStage™ View Post
beautiful
Thanks im still searching for height in meters though....
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Old October 20th, 2012, 10:08 PM   #9
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VIVA GADAFFI !!!
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Old October 20th, 2012, 10:09 PM   #10
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VIVA GADAFFI !!!
Hes dead
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Old October 20th, 2012, 10:15 PM   #11
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gotta love the curves
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Old October 20th, 2012, 10:17 PM   #12
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Old October 20th, 2012, 10:18 PM   #13
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This picture from 2010 when project got on hold

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