Adnec tower ready for occupation
Abu Dhabi, November 19, 2011
SinoGulf Real Estate Investments said the 41,000 sq m International Tower, the largest commercial tower at Abu Dhabi National Exhibitions Company's (Adnec) Capital Centre is now complete and ready for occupation.
The GFA Grade A commercial tower was developed jointly by SinoGulf and Eastgate Capital Group with Shariah compliant debt financing provided by Abu Dhabi National Islamic Finance (Adnif), a subsidiary of National Bank of Abu Dhabi.
The Taking Over Certificate was issued last month by the project’s architect Woods Bagot to the main contractor Group 3 Engineers Contractors making International Tower the first tower to be completed within the Capital Centre Master Plan.
Andrew Clout, managing director of SinoGulf said: “It is a hard won achievement to see International Tower as the first completed tower in the district. I would like to thank Group 3 for a punctual delivery of a great product. We expect strong take-up over the next 12 months.”
Khaled Souki, partner and general manager of Group 3 said, "This achievement was possible due to the co-operation and professional approach of the Client, Consultants and Project Manager."
"It was a pleasure and good experience to work with such professional organizations. Group 3 wishes SinoGulf a successful off-take of this landmark property, which we predict to be a prestigious address for the incoming customers," he added.
International Tower provides a true international grade “A” specification, including a triple height entrance lobby, 12x24 person high speed lifts, ground floor retail, seven levels of car parking (which exceeds government parking requirements) serviced with their own elevators and the tower is targeting a Leed Gold environmental rating.
International Tower has efficient rectangular floor plates of 1,700 and 1,750 sqm, with an occupancy density of up to 1 person per 8.5 sqm, (the most efficient loading capacity in the Abu Dhabi market), a 2.7 m finished floor to ceiling height with a capacity for 150 mm raised access floors, said Souki.
The full height glazing provides magnificent views over Adnec, Capital Gate to the south west and the embassy district and Abu Dhabi City to the north, he added.-TradeArabioa News Service
More Construction & Real Estate Stories
- Barwa net profit surges 27.3pc
- RAK Properties adds new villas to Flamingo project
- Saudi launches housing scheme to ease shortage
- R&M wins Oman residential project contract
- Asian skyscraper prices tower over rest of the world
- Tamleek opens new office in Dubai
- $29m allocated for Bahrain drainage projects
- Indian group plans $300m Bahrain Bay investment
- Drake and Scull awards key supply contract
- FCC wins $702m Doha metro line contract
- SPF Realty sees Dubai project success
- Abu Dhabi set for big property show
- Aldar working on $1.5bn UAE housing projects
- Gulf Finance House to start $3bn Tunisia project
- Abu Dhabi to see 10pc surge in new homes
- Saudi construction sector booming on new contracts
- Emaar offers 330 apartments in MBR City
- Dubai Design District sees big demand
- 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