More than 90% of the mall leased, including anchor tenants (Carrefour, Centrepoint, Emax, Paris Gallery and Max Fashion)
Roof and external steel structure completed.
Handover to tenants for fit out two months ahead of schedule, tenant fit-outs will commence in October
Over 1,000,000 (one million) accident-free man hours recorded onsite
LEED rating now targeting Gold through additional environmental sustainability initiatives
Fujairah, United Arab Emirates, 21 September, 2011 - Fujairah City Centre, a shopping mall currently under development by Majid Al Futtaim Properties in partnership with the government-owned Fujairah Investment Establishment, has surpassed several key construction, leasing and safety milestones confirming an 'on-target' schedule for opening in early 2012.
Fujairah City Centre has achieved a near-100% fully leased status, with 100 of total 105 retail outlets confirmed to-date. This represents a major milestone for the still-emerging retail landscape in Fujairah. With a gross leasable area (GLA) of 34,000 sqm , the mall's varied retail mix will cater to the immediate needs and projected growth of the Fujairah community and includes the Emirate's largest Carrefour hypermarket and several new brands to the region.
Since the official groundbreaking in April by H.H. Sheikh Mohammed bin Hamad Mohammed Al Sharqi, Crown Prince of Fujairah works have progressed ahead of programme. Key construction milestones achieved include the completion of the mall's roof and external concrete. Mechanical, electrical and plumbing (MEP) works are progressing with underground drainage systems installed, and the dedicated electrical substation on programme to enable Federal Electricity & Water Association (FEWA) to energize the mall electrical systems in December as planned.
To-date, with over 1,000,000 (one million) hours logged across a workforce of 1,100, Fujairah City Centre continues to operate as an accident-free site. Following best-in-class practices, Fujairah City Centre is targeting a Gold LEED rating according to the USGBC Green Building Guidelines. The building will be the first in the Emirate to achieve a LEED rating.
Constructive advancements to-date have also resulted in an accelerated tenant fit out schedule with tenant fit-out commencing in October - two months ahead of schedule. This update was recently communicated to retailers by Majid Al Futtaim Properties, reaffirming the mall's strong progress and on-track delivery of the opening as planned.
"Fujairah City Centre will provide a boost to the underserviced retail landscape in Fujairah by providing a high quality and unique shopping and entertainment experience for the growing community," said Yousif Al Ali, Asset Director. "We are proud of the advancements to the mall's leasing, construction and overall progress to-date. It's a positive reflection of Majid Al Futtaim Properties' commitment to best practices and the industry's interest in Fujairah as an emerging retail market. Looking forward to 2012, Fujairah City Centre will redefine the shopping and entertainment experience in the Emirate."
Fujairah City Centre is strategically located on the intersection of the new Fujairah-Dubai highway and the existing Masafi Highway at the entrance to Fujairah City. Khansaheb Civil Engineering is the contractor for the estimated AED 400 million project.
-Ends-
Majid Al Futtaim Properties
Majid Al Futtaim Properties is leading developer of shopping malls together with hotels and mixed-use community projects in the MENA region. Majid Al Futtaim Properties has changed the face of shopping, leisure and entertainment in the Middle East and North Africa (MENA). It currently owns and operates ten world-class shopping malls in the region with three of its flagship projects based in Dubai. Majid Al Futtaim Properties has earned numerous accolades and awards from international organizations that have recognized its leadership and the quality of its properties. The Company's shopping malls continue to witness a steady increase in footfall with more than 135 million visitors during 2010.
Deira City Centre pioneered the concept of shopping and entertainment in the region. It has over 370 stores with an extensive array of mid-market popular brands, including leisure and entertainment facilities and over 50 restaurants and cafes.
Mall of the Emirates is a world-class shopping mall, housing over 520 international retail brands including 60 luxury stores and a unique range of leisure attractions, anchored by the world-renowned Ski Dubai.
Mirdif City Centre, the latest regional shopping mall in the UAE by Majid Al Futtaim Properties, is home to 430 stores offering the best mix of retail, superior leisure and entertainment concepts that include iFLY Dubai - indoor skydiving centre and VOX Cinemas and many more, and a host of delicious fine dining outlets.
For more information please contact:
The Portsmouth Group
+971 4 369 3575
Angela Bak
angela.bak@theportsmouthgroup.com
Ahmed Al Zein
ahmed.alzein@theportsmouthgroup.com
Nerry Toledo
Nerry.toledo@theportsmouthgroup.com
© Press Release 2011
