Fire Wipes Out Luxury Development in Andorra
A fire destroyed the seven blocks of La Querola d'Ordino, a luxury development in Andorra, featuring units priced up to 6.3 million euros.
English · Original discussion in Spanish · Published
Andorra: Fire destroys Jean Nouvel's luxury development
Seven blocks engulfed by flames in a single night. Early this morning, a fire almost completely destroyed La Querola d'Ordino, the luxury development designed by French architect Jean Nouvel in the parish of Ordino. No injuries were reported from the incident. The development, which was still in its sales phase, came to market with prices ranging from 2.4 to 6.3 million euros per unit.
What burned down at La Querola d'Ordino
The fire destroyed the seven blocks of the complex. Up to 14 fire units and 34 personnel worked on site to extinguish it and prevent its spread to a nearby forest, according to the Andorran News Agency. The fire is now under control. The causes remain unknown for the time being.
A facade of 35,000 slate pieces
La Querola was no ordinary development. Its main facade comprised more than 35,000 pieces of slate of various sizes and angles, placed one by one on an aluminum structure, according to the project description. Inside, oak lined the floors, walls, and floor-to-ceiling doors, and the kitchens, designed by Nouvel, were developed and manufactured by Martínez Otero.
The value of the development and its current worth
With tickets ranging from 2.4 to 6.3 million per unit and a complex comprising around 30 properties, the value of the whole ranges between 90 and 160 million euros, on the lower end; with common areas included, the complete development could approach 150-180 million. This is an estimated calculation, not an appraisal. The question now is another: what will it be worth tomorrow, when the insurance expert arrives.
An undetermined origin
There is no official cause. There are circulating theories regarding a protest over housing prices in Andorra and the growing presence of foreign buyers. Some also point to someone with a negative balance of accounts, though this is unsubstantiated. None are backed by any data.
Only half of the units had been sold, and none had been delivered yet. That is the painful fact.
Seven blocks engulfed by flames in a single night. Early this morning, a fire almost completely destroyed La Querola d'Ordino, the luxury development designed by French architect Jean Nouvel in the parish of Ordino. No injuries were reported from the incident. The development, which was still in its sales phase, came to market with prices ranging from 2.4 to 6.3 million euros per unit.
What burned down at La Querola d'Ordino
The fire destroyed the seven blocks of the complex. Up to 14 fire units and 34 personnel worked on site to extinguish it and prevent its spread to a nearby forest, according to the Andorran News Agency. The fire is now under control. The causes remain unknown for the time being.
A facade of 35,000 slate pieces
La Querola was no ordinary development. Its main facade comprised more than 35,000 pieces of slate of various sizes and angles, placed one by one on an aluminum structure, according to the project description. Inside, oak lined the floors, walls, and floor-to-ceiling doors, and the kitchens, designed by Nouvel, were developed and manufactured by Martínez Otero.
The value of the development and its current worth
With tickets ranging from 2.4 to 6.3 million per unit and a complex comprising around 30 properties, the value of the whole ranges between 90 and 160 million euros, on the lower end; with common areas included, the complete development could approach 150-180 million. This is an estimated calculation, not an appraisal. The question now is another: what will it be worth tomorrow, when the insurance expert arrives.
An undetermined origin
There is no official cause. There are circulating theories regarding a protest over housing prices in Andorra and the growing presence of foreign buyers. Some also point to someone with a negative balance of accounts, though this is unsubstantiated. None are backed by any data.
Only half of the units had been sold, and none had been delivered yet. That is the painful fact.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (37 replies).
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