Mubadala in Sowwah leasing success
Abu Dhabi, October 4, 2010
Mubadala Real Estate & Hospitality Unit (MREH) has announced significant leasing success within Sowwah Square, the commercial heart of Abu Dhabi’s Central Business District (CBD) at Sowwah Island.
Almost all of the first tower, comprising 40,400 sqm, is now leased with more than 13 regional and international firms committed to occupying prime Grade A space at Sowwah Square, which is home to the iconic Abu Dhabi Securities Exchange (ADX), said a MREH statement.
The remaining space in the first tower is in final negotiations. Tenants already signed up include a number of leading international firms such as Gulf Capital, Abu Dhabi Finance, Booz & Company, Norton Rose, Herbert Smith, Baker Botts, Akin Gump, Latham & Watson and Hogan & Hartson.
“The choice of Sowwah Square by such world-class firms reflects the exceptional quality of space and support services being provided. They expect the best and this is what is being delivered,” said Peter Wilding, executive director of MREH.
“Sowwah Square is set to become an address synonymous with a seamless commitment to quality at every level. From the most efficient floorplates to providing all the amenities expected within such a prime location,” he remarked.
According to Wilding, Sowwah Square meets the highest standards expected by international tenants.
"Large column-free interior floorplates provide the most efficient office space available in Abu Dhabi, alongside dedicated high speed elevators and 5,200 parking spaces, all compliant with the latest UPC standards," he added.
As the four towers and ADX building are being completed, an increased interest is being shown by prospective tenants who can see the highest quality of environment being created, both internally and externally. Experience has taught us that there is always a flight to quality for those who want the best,” noted Wilding.
The four Grade A office towers at Sowwah Square comprise 183,000 sqm of net lettable space, offering panoramic views of the city and all overlooking the iconic ADX, the MREH statement said.
An innovative network of climate-controlled pedestrian corridors will connect all the office towers and provide easy access to the planned Metro and LRT stations, it added.
Sowwah Square will be open for business in early 2011 when tenants begin moving into the towers. The two bridges already completed will provide fast and easy access to the city centre, the statement said.
With work on Salam Street interchange scheduled to be finished by this time, connectivity to all parts of Abu Dhabi and the region will be fast and efficient, it stated.
Access to Dubai and Abu Dhabi International Airport will also be quick and easy via the new Sheikh Khalifa bin Zayed Bridge to Saadiyat Island and Yas Island, it added.-TradeArabia News Servce