Galleries towers see 75pc occupancy
Dubai, October 2, 2011
Office and retail occupancy at three of the eight mixed-used towers of The Galleries at Downtown Jebel Ali has reached almost 75 per cent, said its developer.
Nearly 422,000 sq ft of A-grade commercial space has now been leased at The Galleries’ first three buildings, which offer 588,000 sq ft of office space in total, Limitless added in a statement.
New tenants include Atos Origin, a Paris-based international IT services firm, which is moving 60 staff into a 7,500 sq ft office at The Galleries. In addition, 24,000 sq ft of retail space is now occupied, the statement said.
“The Galleries has been a hive of activity over the last three months, despite the traditional summer lull,” said Bahaa Abouhatab, Limitless’ head of Projects, UAE.
“New commercial and retail tenants signed up and some of our existing tenants have expanded and reserved additional office space. On the retail side, more banks and restaurants have opened for business. We’re now at almost 75 per cent occupancy across three towers, with more deals currently being finalised.”
Office tenants at The Galleries include Siemens, L’Oreal, Ericsson, Arup, China National Petroleum Company and Kraft Foods, while onsite retailers include one of Dubai’s biggest Subway restaurants, Oregano Italian eatery, Click restaurant and a Bakeria/Café Arabicca outlet.
There are also branches of Citibank, Standard Chartered Bank, Abu Dhabi Commercial Bank and Blom Bank, with an HSBC undergoing fit out, as well as a convenience store and a car rental shop, according to the statement. – TradeArabia News Service
More Construction & Real Estate Stories
- Heavy Equipment enters Qatar market
- Bahrain market to get $15.8m facelift
- Jacky’s unveils new 3D printers
- Technip wins $400m Kuwait PMC contract
- Arab investors eyeing Turkish property
- Arabtec denies Drake merger speculation
- Saudi's ACWA signs $472m sukuk financing
- Qatar announces massive bridges project
- $49m home loans approved in Bahrain
- BlomInvest sees Makkah project on track