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Abu Dhabi, UAE: Reem Mall, Abu Dhabi's major new up and coming retail, leisure, dining and entertainment destination, has appointed Funtastic as Retail Design and Delivery Managers for the US$ 1 billion project.The work on site commenced in late 2015, and the mall is expected to launch in 2018.
Funtastic is a design and project management service company specialising in the retail and leisure industry with offices in Abu Dhabi, Dubai and Singapore. Their services include Development Planning and Implementation, Retail Design and Project management, Centre operation and Property management. Funtastic has previously overseen the Retail Delivery of several major projects in Dubai and Abu Dhabi including The Beach JBR, City Walk I and II and Box Park in Dubai. They are currently also engaged with the Midfields Terminal, Deerfield's Mall in Abu Dhabi, as well as the Ajman Gateway projects.
Shane Eldstrom, Chief Operating Officer for Reem Mall, said: "Funtastic will provide important coordination and management services for our future tenants. They join a strong team of consultants and advisors who are all working together to ensure that we bring new world class levels of design, construction and operation to the local retail environment."
Sonny Tan, Business Head of Funtastic, said: "We are proud to be appointed as coordinators and managers of tenant construction and we know that our team will add significant business value to the development of this project. This is an exciting development to be a part of and something that we believe will have a significant impact on the retail sector in the UAE."
Reem Mall will deliver 2 million sq. ft. of leasable (2.8 million sq. ft. of floor area) retail, leisure, and dining and entertainment choices. It will comprise around 450 stores, including 85 Food and Beverage outlets and a range of family-focused entertainment offerings. The mall will be well positioned on Reem Island with easy access to and from the mall and will contain 6,800 parking spaces.
The venture is being developed by NREC and UPAC.
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About Reem Mall
Reem Mall is Abu Dhabi's major new retail, leisure, dining and entertainment destination. It is expected to launch in 2018. The Reem Mall project will comprise around 450 stores, including 85 F&B outlets and a range of family-focused entertainment offerings including the world's largest indoor snow-play park!
About NREC
Established in Kuwait in 1973, the National Real Estate Company (NREC) is a publically listed real estate and investment company with a presence in the Middle East and North Africa.
Over the years, NREC has grown into one of the largest real estate companies in the region with ventures across the Middle East and North Africa. NREC has assets and capital of US$ 1.9 billion and manages 80 million square feet of land. The organisation houses subsidiaries and entities across a range of countries including the UAE, Egypt, Jordan, Iraq, Lebanon, and Libya. The portfolio of projects completed or under development, includes office space, mixed use centres, industrial parks, residential communities and super-regional malls.
About UPAC
Established in 2000, publicly listed on the Kuwait Stock Exchange, and headquartered in Kuwait, UPAC is a leading commercial real estate and facilities management company with a specialization in Build Operate Transfer (BOT) initiatives. Its services cover project management and consultancy, real estate development as well as property and facilities management. UPAC manages over 24,000 sqm of commercial space at the Kuwait International Airport, Sheikh Saad Terminal and other prominent locations within the country.
For more information please contact:
Yvonne Mtengwa
Account Manager
Four Communications
reemmall@fourcommunications.com
+971 55 337 9415
© Press Release 2016
