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No. 8 in the Top 20

Edificio Kronos

Kronos was completed in 2008 – just as the financial crisis began. For almost ten years nearly all of its apartments remained unsold.

Edificio Kronos, Benidorm
Photo: Javiertrad · CC BY-SA 3.0
Benidorm skyline drawn from building data: heights to scale, west to east Poniente Levante TM Tower · 230 m Intempo · 187.1 m Gran Hotel Bali · 186 m Gran Delfín · 158 m Torre Lúgano · 158 m Sunset Sailors Tower 1 · 151 m Neguri Gane · 148 m Edificio Kronos · 140 m Benidorm Beach · 126 m Edificio Don Jorge · 124 m El Mirador del Mediterráneo · 123 m Torre Levante · 120 m Costa Blanca I · 116 m Miragolf Playa 2 · 115 m Gemelos 26 Torre I · 114 m Gemelos 26 Torre II · 114 m Torre d'Oboe I · 114 m Torre d'Oboe II · 114 m Sunset Sailors Tower 2 · 113 m Sol de Poniente 2 · 112 m Beni Beach · 110 m Sunset Cliffs Torre 2 · 106.2 m Miragolf Playa I · 105 m Playa Azul · 105 m Torre Pinar · 105 m Residencial Islamar 2 · 104 m Residencial Islamar 3 · 104 m Torre Poseidón · 103 m Sunset Waves I · 101.5 m Sunset Waves II · 101.5 m Hotel Port Benidorm · 101 m Las Terrazas de Benidorm 1 · 101 m Las Terrazas de Benidorm 2 · 101 m Torre Doscalas · 100.4 m Gemelos 22 Torre 1 · 100.2 m Gemelos 22 Torre 2 · 100.2 m Coblanca 41 · 97 m Delfín Tower · 95 m Hotel Flamingo Oasis · 95 m Gemelos 20 Torre 1 · 94 m Gemelos 20 Torre 2 · 94 m Torre Coblanca · 94 m Sol de Poniente 1 · 92.7 m Tropic-Mar · 92.6 m Edificio Ónice · 92 m Sunset Drive East · 92 m Sunset Drive West · 92 m Londres II · 91 m Torre Sakura · 91 m Costa Blanca II · 90 m Coblanca 40 Torre 1 · 89.3 m Coblanca 40 Torre 2 · 89.3 m Hotel Meliá Benidorm · 89.3 m Principado Marina · 89.3 m Edificio Circo · 89.2 m Torre Benidorm · 89 m Cibeles 1 · 88 m Cibeles 2 · 88 m Sunset Cliffs Torre 1 · 86.7 m Balcón de Poniente 1 · 86 m Balcón de Poniente 2 · 86 m Edificio El Olivar 1 · 86 m Edificio El Olivar 2 · 86 m Sierra de Bernia 1 · 85.9 m Sierra de Bernia 2 · 85.9 m Torre Capri · 85.9 m Torre San Remo · 85.9 m Gemelos 12 Torre 1 · 85 m Gemelos 12 Torre 2 · 85 m Las Damas · 85 m Sandos Benidorm Suites · 83 m Residencial Miranda 1 · 82.6 m Residencial Miranda 2 · 82.6 m Hotel RH Victoria · 82 m Parque Europa 1 · 82 m Parque Europa 2 · 82 m Old town

The story

The Valencia-based developer García Ojeda built the tower from 2005 to 2008, not far from Neguri Gane. With two pools, a spa, and padel and tennis courts, it was meant to attract buyers at the top end of the market. But during the crisis the developer became caught up in several insolvency proceedings.

Through the bailout of the savings banks, Kronos ended up with Sareb, the state-run bad bank. It offered the apartments from €97,176. Finally, in March 2018, an unnamed English investment fund bought 136 apartments for more than €20 million.

Good to know

  • The tower covers less than 20 per cent of its plot – typical of Benidorm’s building rules.
  • Staggered balconies create a mirror effect on the façade.

Open questions

  • The number of apartments is given as anywhere from 136 to 165.

Sources