Mina El Hosn 1398

Mina El Hosn 1398 ( prev. Venus Towers)

Upon its launch in 2009, Plot 1398 witnessed strong market recognition registering sales at almost 40% of its retail and residential units. In 2010, the project suffered delays due to the discovery of historical findings during excavation. Since then, the underground has been completed and the construction of the three towers is due to start soon.

Benchmark was appointed as the new development manager of the project to bring the required financial strength, and the deep development knowledge select that ensure completion of the project on budget and on schedule. Benchmark’s immediate objective is to carry out the necessary steps to restore trust and confidence in the project, ensure quality and standards are never compromised and re-instate Plot 1398 as one of the prime luxury residences of downtown Beirut by envisioning a new structure for the design and execution of the Project.

Location:

Mina El Hosn, Beirut Central District, Lebanon

Role:

Strategic Planning Financial Structuring Turnaround & Restructuring Investment Project Development

Value:

USD 500 million

Consultant:

Nabil Gholam Architects

Client:

Venus Real Estate S.A.L.

Site Area:

7,510 sq.m.

Built-Up Area:

100,000 sq.m.

Date:

2017 - ongoing

Status:

Ongoing