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Tuesday, November 24 - 2009

GIO breaks ground in Dubailand development with signature property 'G Tower'

  • United Arab Emirates: Monday, February 11 - 2008 at 11:54
  • PRESS RELEASE

Galadari Investment Office (GIO), the dedicated real-estate division of GALVEST, has broken ground on its signature project G Tower, the first branded residential tower in the region.

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  • Mustafa Gladari, Vice Chairman and Managing Director of IMGG, Rashid A.W. Galadari, Chariman of GIO and Ilyas Galadari, Chairman of IMGG.
    Mustafa Gladari, Vice Chairman and Managing Director of IMGG, Rashid A.W. Galadari, Chariman of GIO and Ilyas Galadari, Chairman of IMGG.
Located in Dubai's prestigious 20 million Ft² City of Arabia Project, G Tower epitomises revolutionary architectural and interior design.

The 45 storey tower set for completion by 2010, has been designed by international architectural icon Alex Vacha and consultants P&T Group - whose projects include the entire City of Arabia Masterplan and 90% of the skyscrapers in Hong Kong - with interiors designed by multi-design award winner Philippe Starck and his company YOO.

Speaking at the groundbreaking, GIO Chairman Rashid A.W. Galadari said:

"We have aligned with world-class international companies to ensure that we create a solid foundation on which to realise the GIO vision of working exclusively with internationally renowned designers to create future-proof investment opportunities through unique projects."


"GIO has developed a project that focuses on a high-end design culture, utilising only the best brands and materials, which is another step toward redefining the concept of luxury and style in the Middle East. The entire project represents the company's ethos of setting new design benchmarks in the region. Floor to ceiling glazing and vaulted ceilings are just two features of his input. Each element of the project is a work of art with Starck's signature design style evident throughout."

Contractor Belhasa Engineering commented that G Tower is on track for completion in 2010. The project is being managed by De Leeuw Middle East, a South African firm with over 100 years in the industry.

G Tower will rise to 280 metres with a usable Gross Floor Area (GFA) of 640,698.51 ft² housing modern facilities such as communal sky decks, swimming pools, gym, library and business centre.
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About GIO

The Galadari Investment Office (GIO) is the luxury real estate development subsidiary of GALVEST, the personal holding group of Rashid Abdul Wahab Galadari. Following the entrepreneurial lineage of the Galadari Group, Rashid A.W. Galadari established GALVEST to diversify and grow his portfolio of businesses.

GALVEST is the latest venture of the renowned Galadari Group, a family-owned business based in Dubai, UAE. Established more than 100 years ago, the Galadari Group has remained in synch with emerging economic trends and opportunities and managed to evolve into one of the region's most prominent commercial groups. Its activities range from having built the first 5-star hotel in Dubai (Intercontinental - 1975, and the Hyatt Regency - 1979) to having high profile consumer brands sold through retail outlets, including automotive brands, incorporating media ownership and even the supply of heavy industrial plants.

GIO's portfolio ranges from residential property management to property investment leasing, sales, land acquisition and development. Established in 2005, GIO aims to transform the property landscape in the region by developing a series of projects that transcend the norm and break conventional barriers. GIO wants to be recognised as a truly international property brand that delivers world-class service to a rapidly growing market.

GIO's advent into the market is an indication of the Galadari Groups' vivid foresight and planned response to changing market conditions and shifting consumer needs.

The flagship project currently under development is the G-Tower, a 280m high, 45-storey Onyx tribute to opulent living in ultimate luxury.

For more information please contact:

Charlie Akielan
d'pr
Tel: 04 3311104

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