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Abu Dhab: Aswaq Management Services (AMS) has been appointed by Abu Dhabi-based real estate developer, IMKAN, to manage commercial leasing across its UAE flagship developments; including Sheikha Fatima Park and The Artery at Makers District.
Sheikha Fatima Park, a 46,000-square-metre park, is currently under redevelopment and is set to open to the public at the end of 2019. The urban park is envisioned as a multifaceted space, designed around the wellbeing of the community. AMS is looking to place a mix of innovative, home-grown, active retail concepts along with a large F&B offering in this beautiful outdoor park; catering to visitors of all ages. Sheikha Fatima Park will also boast co-working spaces, art and music schools, health, wellness and fitness provisions and entertainment concepts which makes it an ideal year-round lifestyle destination for the entire Abu Dhabi community.
AMS’s appointment also includes the retail, F&B and leisure provisions at The Artery at Makers District. The-Artery is the double helix parking structure and event space anchoring Makers District, a mixed-use development strategically located on Reem Island in Abu Dhabi. A cultural hub serving as the new heart the capital, this scenic waterfront master plan also offers contemporary and dynamic living complemented by a myriad of amenities, services and retail concepts.
Walid El-Hindi, Chief Executive Officer of IMKAN, said: “IMKAN’s unique research-led approach drives value to buyers and stakeholders alike. This ideology also dictates our strategy to partner with like-minded international organizations, such as AMS that have a proven track record in delivering outstanding results. We look forward to our partnership with AMS as we onboard a mission to revitalize the community and we encourage local, regional and global businesses to join us on our journey.”
Nasser Al Nowais, Chairman, Aswaq Management Services (AMS) commented, “AMS is always keen to partner with innovative organisations, such as IMKAN, which play a key role in revitalizing the real estate and retail sectors through its unique placemaking approach in Abu Dhabi. Our retail leasing and management experience is perfectly aligned with their vision and development strategy, so we are looking forward to a successful and long-term partnership with IMKAN.”
AMS is a leading Abu-Dhabi-based real estate management service provider with an international presence in Europe, Switzerland, Morocco and the UAE. An associate of the European LSGI/SCC group, the company manages over 1.3 million sqm of premium retail space and thousands of residential and commercial real estate units around the world.
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About AMS
Foundation & Experience
Since its establishment in 1999 through a partnership between Société des Centres Commerciaux (SCC), H.H. Sheikh Mohamed Bin Suroor Al Nahyan and H.E. Nasser Al Nowais, Aswaq Management & Services L.L.C. has developed considerable in-depth experience within the retail sector, and real estate industry as a whole, and built a strong network across the entire Middle East region.
Mission & Expertise
With its team of Financial, Legal, Technical and Commercial experts, AMS provides Consultancy, Sales & Leasing, Property Operations and Facility Management and Asset Management Services to Retail, Residential and Office Properties.
About IMKAN
IMKAN is an Abu Dhabi-based real estate developer with a portfolio of 26 projects spanning three continents. The company aims to create soulful places that enrich people’s lives.
IMKAN is a wholly owned subsidiary of Abu Dhabi Capital Group (ADCG). Its key projects include two developments in Makers District – The Artery, a multi-use building that integrates a makers’ space with a parking garage, and Pixel, the company’s first mixed-use destination. Other key developments are Nudra, a luxury beachside villa community; Sheikha Fatima Park, the capital’s first urban park that seeks to enhance community interaction; and AlJurf, the fully integrated second-home destination along Sahel Al Emarat. The pristine development is nestled between Abu Dhabi and Dubai and comprises timeless villas and land plots set in a preserved and natural ecosystem. In addition, the company has big announcements in the pipeline for 2019.
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