ACI Real Estate, a leading German project developer, and affiliate of Alternative Capital Invest, one of Germany’s most prominent providers of investment solutions, today announced the opening of the Boris Becker Business Tower situated along Dubai’s upscale Business Bay district.
Valued at 550million Dirhams, the tower will soar to an imposing 19 stories over the water, offering a gross commercial space of 452,000 square feet. Combining state-of-the-art infrastructure with the latest in integrated technologies, it will offer Grade A freehold office space, affording tenants a seamlessly fused working environment that provides all the amenities and conveniences within the same building including upscale retail and cafes. The tower was sold within weeks, and marks the end of the three monument Trilogy development by ACI, which include Niki Lauda Twin Towers and the Michael Schumacher Business Avenue, at a total value of 2.2Billion Dirhams.
Commenting on ACI’s ambitious Trilogy project that comprises two other developments named for Michael Schumacher and Niki Lauda situated close by, Managing Director of ACI Real Estate, Robin Lohmann, said, “The project is both ambitious, but timely. Dubai is a city of record, where masterpieces are made, and milestones achieved. Alternative Capital Invest caters to a select pool of investors and has a proven track record of deals, backed by prudent science. Like the Niki Lauda Twin Tower, and Michael Schumacher Business Avenue before it, the Boris Becker Business Tower is in good company, situated on one of the most expensive pieces of real estate in the region.”
Speaking on the launch of the Tower names for him, Becker said, “I am thrilled that a building in one of the fastest growing cities in the world is going to be named for me. ACI did a spectacular job with their selection of architects and designers and it’s exhilarating to see the project come to life.”
When speaking on the rare nature of ACI’s developments in Dubai, Becker added. “The city of Dubai, has state of the art infrastructure that matches the offerings of this Tower, and the regional investment climate is founded on valid economic fundamentals. The informed investor will know what to do.”
The analysts at ACI Real Estate have been very thorough with their assessments. The Tower rests on perhaps what is the most prestigious business addresses, in one of the fastest evolving cities in the world.
“Each of our investments, reflect the requirements of the projects will allow customers to experience the finest quality masterpieces of contemporary architecture by offering distinct styling and spectacular design bundled with unrivalled facilities,” added Lohmann.
The ”Sports Legends Trilogy” towers will rise in the prestigious Business Bay District by 2009/10.
© 2008 Al Bawaba (www.albawaba.com)
