- TM Grupo Inmobiliario launches TM Tower, a 230-meter tall residential skyscraper in Benidorm, set to be the tallest in Europe.
- The tower features 64 floors, surpassing Benidorm’s current tallest building, Intempo, by 28 meters.
- Strong market demand: 56 reservations with an average price around €1 million within two weeks.
- Residences start at €500,000 for a one-bedroom unit; the penthouse sold privately at €2.75 million.
- Innovative design concentrates all residential space in a single tower, enhancing views and common areas.
- Estimated investment of €140 million with advanced technological testing for safety and quality.
- the project is expected to take three years to complete, transforming Benidorm’s skyline and boosting the local economy.
Benidorm Welcomes TM Tower: Europe’s New Tallest Residential Skyscraper
Benidorm is about to reach new heights-literally-as TM Grupo Inmobiliario officially launched TM Tower, a residential skyscraper destined to become the tallest in the city and across Europe. Standing 230 meters tall and boasting 64 floors, TM Tower eclipses the city’s current record-holder, Intempo, by 28 meters. This milestone points to Benidorm’s growing importance as a hub for luxury residential living and innovation in real estate.
strong Market Demand: Record-breaking Reservations
The official market launch, announced on the evening of Thursday, July 25, 2024, drew hundreds of industry professionals, clients, and local residents eager to witness this historic event. With 56 reservations already made prior to the launch and an average reservation price near €1 million, the project is demonstrating robust confidence from both national and international buyers.
- One-bedroom units start at €500,000,appealing to affluent entrepreneurs and repeat clients.
- The moast prestigious penthouse was sold privately at €2,750,000 within days of its exclusive availability.
- Reservations span units on both lower and higher floors, showing no significant buyer preference for elevation.
The Vision Behind TM Tower: Single Tower, Maximum Impact
Unlike most developments that split building potential into multiple towers, TM Tower consolidates all residential space into a single slender structure-a bold concept born just a couple of months ago. TM Grupo Inmobiliario’s CEO, Pablo Serna, shared how initial apprehension gave way to unanimous enthusiasm among the company’s leadership, transforming what was once “panic” into a defining design feature.
This design strategy was partly inspired by suggestions from benidorm’s municipal technicians to create slimmer buildings that optimize views, reduce obstruction for neighboring properties, and enlarge communal spaces. The single tower maximizes “universal views,” appreciated by residents and the community alike.
Innovative Construction and Investment Details
Set to cost approximately €140 million, TM Tower incorporates cutting-edge technology including:
- Wind tunnel testing to ensure structural resilience against strong coastal winds.
- High-speed elevators traveling at six meters per second, exceeding average speeds in similar buildings.
- Enhanced safety protocols to meet rigorous construction standards, with a build timeline of about three years.
Work has already begun on-site, with initial earthworks underway, evidenced by access bridges over the active construction zones.
| Feature | Detail |
|---|---|
| height | 230 meters |
| Floors | 64 |
| Investment | €140 million |
| Starting Price | €500,000 (1-bedroom unit) |
| Penthouse Price | €2.75 million |
Economic and Social Impact on Benidorm
Ángeles Serna, president of TM Grupo Inmobiliario, underscored TM Tower’s role beyond just luxury housing-she framed it as a project that enhances quality of life, attracts talent, foreign investment, and elevates both the “Spain” and “Benidorm” brands globally.
Further,the progress acts as a significant employment driver,supporting architects,engineers,craftsmen,suppliers,and thousands of jobs in the region.
Serna also highlighted the ongoing investment surge in Benidorm’s Poniente area, already totalling €400 million, with additional plots reserved for future developments, promising sustained growth and vibrancy.
Official Endorsements and Event Highlights
The event was officially closed by Toni Pérez, mayor of Benidorm and president of the Alicante Provincial Council, who praised TM Grupo Inmobiliario for unlocking a development plan stalled since 1990.He emphasized the importance of bold projects like TM Tower in redistributing wealth and energizing local industries from construction to services and financing.
The launch concluded with a spectacular drone show that outlined TM Tower’s silhouette in the night sky, symbolizing the dawn of a new era for Benidorm’s skyline.
The event gathered many key figures from the region,including Esther Gilabert (Secretary General of the Valencian Business Confederation – CEV),Fede Fuster (President of the Hotel Association HOSBEC),and the mayors of Orihuela and Torrevieja,Pepe Vegara and Eduardo Dolón.
Looking Ahead
With TM Grupo Inmobiliario already conceiving their next big project, Benidorm’s future continues to look bright, innovative, and full of promise.
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