Capricorn Tower, an architectural landmark on the Sheikh Zayed Road boasts of gleaming corporate offices, elite hotels and exquisite apartments. The building offers office and residential apartments with separate entrances and lifts as well as an exclusive ground with a seven-floor car park at the rear of the tower.
"There has been a great amount of interest from the potential tenants to lease offices in this building due to its strategic location and well planned architecture. Interestingly majority of the tenants have leased full floors indicating a high demand for quality office spaces," said Paul Turner, General Manager of ASTECO.
According to the management of Capricorn Tower, "Asteco Property Management were included in the project from conception and were able to advise best layouts, the right tenant mix and lease structure. This is a clear indicator of the demand for office space offering a unique design in this location."
Located beside the Emirates Towers, Capricorn Tower is currently under construction and will consist of 43 floors that include offices and residential. Apartments comprise of 2,3 and 4 bedroom apartments, available from level 19 and above while offices are from 5th to 17th floors. The building is due to be completed by the last quarter of 2003.
Already known in the market for their dynamic performance in the real estate scenario, Asteco Property Management's commercial division is proving its ability to attain the best results for both landlords and tenants. A thorough knowledge of what concepts will work and how to achieve them has come with years of experience in this field.
Currently Asteco Property Management has taken a leading role in the Dubai & Abu Dhabi property scenes, from development advice, building management, complete agency services for both leasing and sales and feasibility studies for residential, commercial and retail developments. . The company is well known in the market for providing leading edge services to their many clients.
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Capricorn Tower offices fully leased before opening
- United Arab Emirates: Sunday, October 12 - 2003 at 09:40
- PRESS RELEASE
Acting on behalf of Capricorn Tower, ASTECO, UAE's largest property management company is proud to announce that the offices at Capricorn Tower have been fully leased before the building is completed.
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The UAE's largest property management company, Asteco, was formed in Dubai in 1985, with Sultan Bin Sulayem as its Chairman and Elaine Jones as Managing Partner, both of whom are International Property Managers from the International Real Estate Institute (USA).Over the years, Asteco has become synonymous with quality real estate development, through their involvement in many of the projects that have defined the landscape and physical infrastructure of the UAE. Today Asteco is renowned throughout the region for its outstanding professionalism, service and an essential combination of local and international expertise.
Asteco is therefore the undisputed expert used by many of the region's top property owners and businesses to fulfil their property requirements through the use of the latest on-line technologies to ensure that owners and tenants alike can access the information they want whenever they want it.
The Sales division of Asteco plays a key role in the implementation and execution of business strategies and developments, joint marketing with strategic partners and clients as well as identifying potential investors in the Middle East, Far East and Europe. They also provide professional financial advice, especially on the structure of prices on upcoming real estate projects and counselling of individual and institutional investors, whilst continuing to focus on client needs and long-term relationship building.
Asteco's outstanding growth and diversification over the last two decades has come about through a reputation for excellent customer service and local industry knowledge and experience.
To summarise, Asteco has taken a leading role in the Dubai & Abu Dhabi property scenes, from complete agency services for both leasing and sales, development advice, building management, valuations, and feasibility studies for residential, commercial and retail developments.
Issued by octOpus on behalf of ASTECO. For further information, please call Shereen Dury at octOpus on 04 2868275, 050 7690087.
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, October 12 - 2003 at 09:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Thu Oct 12 2006.
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