Villamar completes 'topping out' of tower
Manama, March 14, 2010
Kuwait-based Gulf Holding Company (GHC) has completed the 'Topping Out' of Tower B, at its Villamar @ the Harbour project located in Bahrain Financial Harbour, with the work proceeding on the other structural works needed to complete the tower.
Currently, work is proceeding non-stop on all construction levels of the $650 million Villamar development, boasting of three twisting towers, despite the challenges of the global economic crisis, project director Steve Flanagan said.
'The completion of tower B means that we have successfully finished one of the most important structural construction phases of Villamar, while continuing to conclude the other phases. We are determined to bring GHC's first development to completion while pursuing our endeavour to emerge not only as a regional real estate development company but a global one, as well as to fulfil our promise of timely delivery.'
Elaborating on the tower's components, Flanagan said: 'Tower B is approximately 160 metres high, consists of 43 floors and boasts a total of 215 units comprising 53 one-bedroom, 119 two-bedroom, and 34 three-bedroom apartments and six four-bedroom penthouses, as well as two duplexes in addition to a super penthouse.'
Commenting on the significance of Tower B, Flanagan said: 'With its assorted mix of residential units in the Gulf region, distinguished by its adherence to the highest quality and design standards, the three towers together rising to a total exceeding 620 metres will usher in a unique residential lifestyle in Bahrain as well as the Gulf region. Thus, this will make a definitive statement in the residential segment of the real estate market, which is in line with GHC's real estate architectural 'Signature Series' concept.'
Flanagan stressed that the Tower B topping out reflected the continuous work progress and GHC's commitment towards the schedule in the implementation of the construction of all phases of Villamar @ the Harbour, thus meeting the requirements of all the investors and potential owners.-TradeArabia News Service
More Construction & Real Estate Stories
- HUGE DEAL: Arabtec inks $40bn Egypt housing project
- Galfar ex-CEO gets 15 years' jail over bribes
- $32m BFH car park work underway
- Bahrain awards $5.8m project tenders
- Spinneys to set up distribution centre at Kizad
- Dubai unveils $300m hitech 'green' city project
- Deyaar plans $245m Dubai complex
- IFA unveils $272m Dubai mixed-use project
- CBRE tops Fortune’s most admired firms list
- Kuwait's real estate sales hit $1.1bn in Jan
- Dubai RTA awards $27m roads contract
- Work to start on Bahrain beach project
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth