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Eltizam seals key UAE leasing, management pacts

DUBAI, September 7, 2016

UAE-based Eltizam Asset Management Group said its subsidiaries - Three60 Communities, Three60 Leisure, and Re/Max 360 - have been awarded new leasing and management contracts at Dubai International Financial Centre (DIFC) and on Reem Island in Abu Dhabi.

One of the UAE’s leading asset management companies, Eltizam said it continues to win valuable new mandates across the emirates through its subsidiaries.

Three60 Communities, now the largest privately-owned community management company in the UAE following the merger with Novus Community Management and the acquisition of Premium Community Management, is managing over 80 buildings, including two master communities and more than 20,000 residential units.

The company recently won the mandate to manage the residential and principal aspects of the prestigious 80-storey ‘Index Tower’ at DIFC in Dubai, UAE.

The full service contract covers the management of both the operational and financial aspects of the signature tower which has over 520 residential apartments and retail offerings on behalf of the owners.

Additionally, Eltizam’s real estate brokerage unit, Re/Max 360, will be handling the sales and leasing of a large number of premium properties on Reem Island in Abu Dhabi.

The company is selling residential units in Horizon Tower A, leasing units in Horizon Tower B, as well as exclusively leasing 148 townhouses (in Marina Bay 1, Marina Bay 2, Sigma 1, and Sigma 2), and leading the leasing of a large volume of additional units all located in City of Lights.

The company is handling the sales and leasing of Tamouh commercial tower alongside Tamouh in Marina Square, also located on Reem Island in Abu Dhabi, a sought-after commercial location, said a top official.

Building on the group’s holistic approach to real estate management which offers full and diversified services, Eltizam’s subsidiaries Tafawuq Facility Management and Three60 Leisure will also be handling all aspects of the management of these prestigious residential communities.
    
On the new contracts, CEO Chris Roberts said: "Our ambitious expansion plan through both organic growth and acquisitions is producing results as these new wins across the Eltizam Group subsidiaries demonstrate, and we continue to look for further growth opportunities."

"This allows us to develop the best way for our businesses to work together to create additional efficiencies, innovations, and cost savings across the group. This two-pronged approach allows us to continue to offer the unrivalled quality of service we are known for," he added.

Imad Namrawi, the general manager of Three60 Communities, said: "The company's expansion as a result of our recent acquisitions has given us the additional capacity to take on bigger and more ambitious projects."

"This, combined with our extensive expertise in property management, makes us the provider of choice for prestigious property complexes across the UAE," he added.   

Eltizam is showcasing Horizon Towers and City of Light’s Townhouses at the ongoing Cityscape Global 2016 in Dubai, along with its community and property management solutions and facility management services.-TradeArabia News Service




Tags: UAE | DIFC | assets | management | Leasing | Eltizam |

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