|25 March, 2019

UAE-based Lootah Real Estate hands over Dubai W10 warehouses project

Located at Dubai Investment Park, the warehouses are spread over a total area of 54,836 sq ft

Image used for illustrative purpose. An employee operates a forklift to move goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. Picture taken December 3, 2018.

Image used for illustrative purpose. An employee operates a forklift to move goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. Picture taken December 3, 2018.

REUTERS/Simon Dawson

UAE-based Lootah Real Estate Development has announced the timely completion and handover of its latest project, the W10 Warehouses, part of Senaeyat‘, a pre-built modern industrial manufacturing development in Dubai.

Located at Dubai Investment Park, the emerging real estate hub, W10 Warehouses will feature a series of prime warehouses, which include 24/7 maintenance and security systems, sufficient loading and unloading spaces and wide parking areas.

One of the region’s prominent modern real estate developers, Lootah Real Estate said the warehouses, which are spread over a total area of 54,836 sq ft, offer 10 individual warehouse units ranging from 4,425 to 6,027 sq ft in size, plus 25 feet high buildings.

Speaking at the W10 Warehouses handover ceremony, Executive Director Saleh Abdullah Lootah said: "We recognise the growing demand for working spaces, and we at Lootah Real-Estate Development aim to accommodate these requirements and provide cost-effective options for businesses without compromising excellence."

Earlier this year Lootah Real Estate Development signed a long term agreement with Dubai Industrial Park, one of the largest industrial hubs in the region and a member of Tecom Group, to establish ‘Senaeyat‘, a pre-built modern industrial manufacturing development in the Park.

"This agreement with Dubai Industrial Park signifies an important step of Lootah Real Estate Development in entering the industrial market segment," stated Lootah.

"With a strategically located and fully integrated destination such as Dubai Industrial Park, our developments will meet the growing demands for quality industrial units and support the Dubai Industrial Strategy 2030," he added.-TradeArabia News Service

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