Issue No 278 - 11 Aug 2008
$326m project comes up in Dubailand

Dubailand, an innovative, entertainment and leisure development owned by Tatweer (a part of Dubai Holding), will soon be home to a Dh1.2 billion ($326 million) Berlin City Centre.

The centre, expected to be completed in the final quarter of 2010, will comprise two buildings, one for offices and the other residential, said a report in the Gulf News.

German Realty Asset Management (Gram), a part of Premier Group of Companies, will manage the project sales and its transaction.

’This project was designed for a work and live environment and we have many exciting projects planed for the next few years that will serve different types of client needs,’ said Parham Shariat, director of special projects at Gram.

The Premier Group, a collection of investors from different countries, has more projects lined up in Dubailand including Berlin Millennium, Berlin Classic and Berlin Business Tower.

Source: Trade Arabia News

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