ACI Real Estate, an affiliate of Alternative Capital Invest GMBH of Germany, has teamed up with Galadari Investment Office (GIO), the luxury holding division of GALVEST to offer world-class real estate solutions for signature commercial property ‘G Office’.
The project, being built in the 20 million square foot City of Arabia district, lies at the heart of the Dubailand mega-development positioned at the main gateway for the residential and retail centre.
The extensive urban development provides open-air leisure and entertainment facilities including the world’s biggest mall, Mall of Arabia, and the dinosaur theme park Restless Planet.
“This collaboration with GIO is yet another demonstration of our commitment to the UAE and supports our mission to join forces with visionary industry players. By working with GIO, this project will spearhead the creation of quality commercial projects with prominent architects and engineers, coupled with exciting marketing processes and added value chain dynamics”, said Robin Lohmann, Managing Director of ACI.
The 45 storey office tower has been designed by internationally-known architect, Alex Vacha. The 280 metre high tower will boast 24-hour valet and concierge services, guaranteed secure car parking spaces and a usable Gross Floor Area (GFA) of 640,698.51 Ft². The office goers will have the opportunity to explore the advanced building management system and two spacious communal sky decks, above the podium and the 43rd floor. Interior design has been created exclusively by yoo at Work and international design house yoo ltd, with fixtures and fittings provided by renowned company’s Hans Grohe-Axor and Duravit.
yoo ltd. is jointly owned by John Hitchcox and leading designer Philippe Starck who boasts a unique signature style along with names such as Jade Jagger and Sophie Conran.
“G Office signals a new move in terms of design, delivering a new dimension to the growing commercial property market. Our alliance with ACI, creators of the Sports Trilogy Towers, will move both companies into the forefront of the real-estate sector. GIO’s vision of raising the bar of design-culture with our projects and ACI’s commitment to excellence will provide the region with some of the best property solutions available,” said Rashid AW Galadari, Chairman of GIO.
Zas (CAN) has been appointed as consulting architects and consulting structural engineers for GIO’s signature development.
The building is set to be completed by 2010 adding another landmark development to ACI’s project portfolio, which is currently valued at a staggering AED10 billion scheduled for both Dubai and Abu Dhabi.
ENDS
Notes to the editor
About ACI Real Estate:
ACI Real Estate is an affiliate of Alternative Capital Invest (ACI) GmbH, an innovative investment firm headquartered in Germany, representing some 8000 investors from Austria, Germany and Switzerland.
ACI Real Estate commenced operations in Dubai in 2004, and offers property development opportunities across the UAE for their investors and select partners.
To date investment in the emirates is estimated at UAE 10 billion Dirham in leisure, residential, retail and commercial space across Dubai, Abu Dhabi, and some of the northern emirates.
Headquartered in Dubai, ACI now has a staff of 50 talents drawn from across the globe, and a new field office in Abu Dhabi.
ACI Real Estate is the name behind of the ‘Sports Trilogy’ project valued at UAE 2.2 billion Dirham (over USD 600 million) named for sporting legends: Niki Lauda, Michael Schumacher and Boris Becker, situated along the upscale Business Bay and the world’s first ‘Marine Legends’ project valued at UAE 6 billion Dirham (approx USD 1.6 billion) to be situated along the Dubai’s Waterfront.
About GIO:
The Galadari Investment Office (GIO) is the luxury holding division of GALVEST, the personal holding group of Rashid Abdul Wahab Galadari. Following the entrepreneurial lineage of the Galadari Group, Rashid A.W. Galadari established GALVEST to diversify and grow his portfolio of businesses.
GALVEST is the latest venture of the renowned Galadari Group, a family-owned business based in Dubai, UAE. Established more than 100 years ago, the Galadari Group has remained in synch with emerging economic trends and opportunities and managed to evolve into one of the region's most prominent commercial groups. Its activities range from having built the first 5-star hotel in Dubai (Intercontinental - 1975, and the Hyatt Regency - 1979) to having high profile consumer brands sold through retail outlets, including automotive brands, incorporating media ownership and even the supply of heavy industrial plants.
GIO's real estate portfolio ranges from residential property management to property investment leasing, sales, land acquisition and development. Established in 2005, GIO aims to transform the property landscape in the region by developing a series of projects that transcend the norm and break conventional barriers. GIO wants to be recognised as a truly international property brand that delivers world-class service to a rapidly growing market.
GIO's advent into the market is an indication of the Galadari Groups' vivid foresight and planned response to changing market conditions and shifting consumer needs.
The flagship project currently under development is the G-Tower, a 280m high, 45-storey Onyx tribute to opulent living in ultimate luxury.
