A new record breaking skyscraper for Europe has been completed as the tallest skyscraper in Europe. Under construction for six years, the 87 story building (Lakhta Center) in St. Petersburg will become the headquarters of Russia’s natural gas giant and its oil subsidiary, Gazprom. The building will not be finished on the interior and open to the public until next year.
This sets the stage for the Skyscraper Curse.
The STOXX European 600 Index, which consists of a variety of stocks from European stock markets is down 9% since September 27, about when the record was broken. HT: RB
