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Capitala's flagship project unveiled

Capitala, the Abu Dhabi-based real estate company, today unveiled Arzanah - its maiden project.

  • United Arab Emirates: Tuesday, May 13 - 2008 at 10:09
  • PRESS RELEASE


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Strategically located on a 1.4 million square meter site surrounding the Zayed Stadium at the gateway to Abu Dhabi, Arzanah is a fully integrated development that is set to become an urban oasis in the city. Offering an unequalled blend of quality residential, leisure, sports and retail, residents and visitors will discover the perfect setting to live, work, and recreate.

With manicured gardens, a canal and a natural pristine beach, the undulating topography of Arzanah will create a new landscape in the city of Abu Dhabi. Facilities include an exclusive club and spa, a 2-kilometre stretch of private beach, a picturesque canal flowing through the development, communal gardens and extensive walking and cycling trails. Residents and visitors will also be able to enjoy a high street shopping experience in a unique open-air climate controlled environment. There will also be a school offering an internationally recognized, high quality accredited education.

'Mubadala's Real Estate & Hospitality division is making investments in the real estate sector to address the growing need for high quality residential real estate and related services in Abu Dhabi,' stated Mr. Waleed Al Mokarrab Al Muhairi, Chief Operating Officer of Mubadala.

'Today, both Capitala and its maiden project Arzanah are fundamental building blocks of our long term real estate strategy - one that is focused on regenerating the community and constructing architecturally outstanding and sustainable properties that will help create secure investments for property owners and provide a quality standard of living for the community of Abu Dhabi,'



he added.

He concluded, 'Arzanah will provide a healthy active urban lifestyle - one that offers world-class residential, retail, leisure and community sports amenities not just for a privileged few but for the community at large.'

Designed by award winning master planner Sasaki Associates and SMC Alsop, Arzanah strikes a perfect balance between rich tradition and modern real estate design. Mr. Heang Fine Wong, Chief Executive Officer of CapitaLand GCC Holdings Pte. Ltd. and CapitaLand ILEC Pte. Ltd., said, 'Together with Mubadala, we are proud to unveil this outstanding landmark development which will provide unique lifestyle experiences in Abu Dhabi. Our development will fit well with the intent of Plan Abu Dhabi 2030, which maps out a strategy for the future of the city as an environmentally, socially and economically sustainable community. By harnessing the location's history and culture, and combining it with world-class design and cutting edge technology, Arzanah will be an enduring integrated development relevant to the growing community in the city.'

Mr. Derrick Denholm, CEO of Capitala, commented, 'Capitala seeks to develop unique and sustainable projects which will satisfy the growing needs of both nationals and residents for quality real estate in Abu Dhabi. As the master developer for Arzanah, Capitala will be involved in the entire real estate value chain, from inception, design and construction to management and operations, for the lifespan of the project. It is a unique Abu Dhabi-based real estate company with a truly holistic approach to all of its developments.'

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About Arzanah

Its prime location in the Grand Mosque District, just minutes away from Abu Dhabi city centre, the Abu Dhabi International Exhibition Centre and the Central Business District, makes Arzanah easily accessible from other parts of the city via an existing comprehensive road network. It has also been earmarked as one of the main gateways along the planned high-speed metro system.

In addition to the Zayed Stadium, other sports facilities for residents include the ATP-standard Abu Dhabi International Tennis Complex, the 40-lane world-class Khalifa International Bowling Centre, the Abu Dhabi Ice Rink and a state-of-the-art Aquatic Centre. Arzanah will also be home to the Mubadala-owned Abu Dhabi Knee & Sports Medicine Centre, the first healthcare facility in the Middle East to specialize in the diagnosis and treatment of patients with knee and sports-related injuries.

Arzanah - Facts & Figures
Site Area: 1.4-million square metres
Master planner: Sasaki Associates and SMC Alsop
Estimated Number of Residences: 9,000
Projected Number of Residents: 18,000
Projected Number of Annual Visits: Over 2 million

About Capitala

Capitala is an Abu Dhabi-based strategic real estate master planner and developer committed to designing, building, managing and maintaining world-class, integrated communities in the Capital city.

Established in 2008, Capitala is a strategic joint venture company between Mubadala, a leading business development and investment company in Abu Dhabi, the majority shareholder with a 51% stake and CapitaLand, South East Asia's largest real estate company holder of the remaining 49% stake.

Capitala will build and deliver innovative, sustainable mixed-use developments and is dedicated to setting the highest standards for community development and leading urban design and to continually meet and exceed the expectations of residents, visitors, owners and investors.

For all media enquiries:
English Media Contact: Kaja Weller
Tel: +971 4 3344930

Arabic Media Contact:
Mariam Emneina
Tel: +971 4 3344930

About Mubadala Development Company

Mubadala Development Company (Mubadala) is a leading business development and investment company based in Abu Dhabi, the capital of the United Arab Emirates.

At the core of its strategy, Mubadala makes long-term, capital intensive investments to deliver strong financial returns and economic diversification. Its mandate is to transform the Emirate from a single-sector economy, driven predominantly by oil and gas, into a multi-sector global economy that comprises a range of thriving industries.

Mubadala is rigorously analytical in its selection of investments and partners, whether it is investing in established businesses such as Carlyle Group and Ferrari or creating new ones by partnering with leading international organizations like Cleveland Clinic. An investment vehicle of the Abu Dhabi Government, its focus is on developing the key industry sectors of healthcare, technology, aerospace, energy and real estate, and building links between them to ensure that the economy is fully integrated and sustainable.

Through these carefully selected investments and with the expertise and experience of best-in-class partners, Mubadala is setting the highest standards for business excellence in every sector. By establishing these benchmarks, Mubadala aims to cultivate new employment opportunities and improved standards of living; an attractive business environment for partners and investors; and continued prosperity for Abu Dhabi and its people.

For further information about Mubadala, please visit www.mubadala.ae

About CapitaLand

CapitaLand is the largest real estate company in South East Asia by market capitalisation. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Co-operation Council (GCC) countries.

The company's real estate and hospitality portfolio spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed subsidiaries and associates of CapitaLand include Australand, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust.

For further information about CapitaLand, please visit www.capitaland.com
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Tuesday, May 13 - 2008 at 10:09 UAE local time (GMT+4)

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