| 27 Aug 2008 |
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ACI Real Estate and Ferretti Group launch Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence
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Together to develop an innovative waterfront project, "Marine Legends"
Dubai, 27th August 2008 - ACI Real EstateACI Real Estate
and Ferretti Group today launched two luxury waterfront residences, "Ferretti Luxury Beach Residence" and "Pershing Luxury Beach Residence". Announced earlier this year, the two companies joined hands in what is believed to set new trends in luxury waterfront living. The freehold ownership project branded as "Marine Legends", valued at about UAE 6 billion Dirham - over USD 1.6 billion - and situated at the Waterfront, offers a sprawling 1,969,607 Sq Ft of saleable area."This deal has furthered the vision we have at ACI Real EstateACI Real Estate, which is to bring world class luxury living to Dubai. The Ferretti Group has been a leading luxury brand for decades now. We at ACI Real EstateACI Real Estate want to blend Ferretti's expertise into our real estate projects and provide our customers with the best of both worlds", said Robin Lohmann, Managing Director of ACI Real EstateACI Real Estate.
Vincenzo Cannatelli, CEO of Ferretti S.p.A., added: "The whole world is coming to Dubai and at ACI Real EstateACI Real Estate we have found our match. This strategic venture is a result of mutual professional admiration and recognition of our common values."
The Ferretti Group is globally renowned for its luxurious, high performance yachts. This unique partnership is another example of ACI Real EstateACI Real Estate
creating a unique concept to add tangible and intangible value to its offerings. The result in this case is a convergence of prime real estate with a world famous luxury brand to fashion an out of this world living experience. The twin tower Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence are, quite simply, unique. With landscaped gardens amidst canal and sea views, the property offers the latest amenities such as pool, fitness center, sauna and Jacuzzi, and a little something else: eight luxury yachts per brand will be available for residents to charter at preferential rates. These yachts will be purchased by ACI GroupACI Group. The twin tower Ferretti Luxury Beach Residence will have over 44 floors each, while the Pershing Luxury Beach Residence will have over 41 floors, along with individual retail units at the ground floor of each tower. Ferretti Yachts and Pershing Yachts designers are proposed to design common areas of the towers, lending them their signature touch of elegance and sophistication.
Robin Lohmann, Managing Director of ACI Real EstateACI Real Estate
further added, "With the Ferretti Group, we will develop an innovative concept: a waterfront project with one of the world's most exclusive yacht brands, offering something different, something extra for those who demand only the best. That's the ACI Real EstateACI Real Estate advantage."The project is slated for completion by 2011.
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About ACI Real EstateACI Real Estate:
ACI Real EstateACI Real Estate is an affiliate of Alternative Capital Invest (ACI) GmbH, an innovative investment firm headquartered in Germany, representing some 8,000 investors from Austria, Germany and Switzerland.
now has a staff of 60 talents drawn from across the globe, and a new field office in Abu Dhabi. 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.
ACI Real EstateACI Real Estate is the name behind of the "Sports Trilogy" project valued at about 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 "Marine Legends" project, valued at UAE 6 billion Dirham (approx USD 1.6 billion) to be situated along the Dubai's Waterfront.
About Ferretti Group:
Ferretti S.p.A. is the head company of Ferretti Group, one of the world leaders in the design, construction and sale of luxury motoryachts, with a unique portfolio of nine of the most exclusive, prestigious brands in the nautical world: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, CRN, Custom Line.
Ferretti Group, founded by Norberto Ferretti in 1968, is on the cutting-edge of the nautical world, thanks to constant product and process innovation, and continuous research within the sphere of technology. Luxury yachts are designed by a team of about 90 designers and specialised technicians (Advanced Yacht Technology), and built in the Group's 25 production units. The Group's over 3,000 employees, led by Chairman Norberto Ferretti and CEO Vincenzo Cannatelli, share a continuous quest for quality, technological excellence, top performance, an exclusive, innovative design, maximising comfort and taking painstaking care over detail. This common, daily commitment has taken Ferretti Group to the very heights of the nautical world.
The Group is also present in Asia, through a branch of representation and promotion in Shanghai, and on the American continent through its subsidiary Ferretti Group USA Inc. An exclusive network of about 85 carefully selected dealers market Group yachts in over 80 countries, and guarantee clients the very best assistance in marinas all over the world.
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For further information about ACI Real EstateACI Real Estate
:Raee Public Relations
Sana Lababidi
Media Relations Manager
Tel : 04 3415558
Fax : 04 3415559
Email : sana@raeepr.com
For further information about Ferretti:
Ferretti S.p.A.
Fulvia Venturi
Ferretti Group PR Dept.
Tel: +39 0543 787511
Email: fulvia.venturi@ferrettigroup.com
Image Building
Simona Raffaelli,
Nicole Zancanella,
Alfredo Mele
Phone: +39 02 89011300
Email: ferretti@imagebuilding.it
© Press Release 2008
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