Aldar HQ completion 
to double office space

By T. Ramavarman  www.khaleejtimes.com

ABU DHABI – Aldar, Abu Dhabi’s leading property development, management and investment company, with the ensuing completion of the iconic HQ building, the quantum of commercial space it will be releasing to the market would double to 190,000 
square metres.

HQ Al Raha Beach

Tenants are expected to be in occupation HQ, located near the Abu Dhabi International Airport, after the summer. Advanced negotiations are being concluded on a substantial proportion of the 23-floor building, Aldar said in a Press release here on Monday.

HQ is the first of many other planned developments at Al Dana, the Central Business District of Al Raha Beach. A key part of the Abu Dhabi 2030 Plan, Al Raha Beach is perfectly located for accessing the traditional Central Business District on Island as well as future locations such as the Capital District, the 
release claimed.   Aldar is offering a range of integrated tenant services and there will be a comprehensive range of facilities that include a gym, numerous food and beverage outlets, convenience stores and restaurants, the company said.

Aldar itself will relocate its main office into HQ. Advanced Technology Investment Company (ATIC), a specialist investment company created by the Government of Abu Dhabi to focus on the advanced technology sector, has announced that it will move its head office to the ‘HQ Building’ created by Aldar.

ATIC has leased 6840 square meters of space in the HQ building in Al Raha Beach. Al Mamoura development is another project of Aldar, and comprises two state of the art commercial buildings in the Al Muroor district of Abu Dhabi. Building A offers an expansive 46,000 square meters of space while Al Mamoura B offers approximately 23,000 square meters   of lettable offices.  Trust Tower, another project of Aldar, will offer 72,000 square meters of flexible office space 59-levels, at the heart of Abu Dhabi upon its scheduled completion at the beginning of 2012. Construction is proceeding on schedule, with the building’s roof to be completed during summer 2010.

ramavarman@khaleejtimes.com