Memon Investments completes superstructure of AED 80 million ‘Cambridge Business Centre’

Memon Investments completes superstructure of AED 80 million ‘Cambridge Business Centre’

Major commercial tower in ‘Dubai Silicon Oasis’ on track for delivery

April 26, 2010

Memon Investments, a leading Dubai-based property developer and part of the multibillion dollar international business conglomerate, the Shaikhani Group, announced that it has completed the construction of the superstructure of the AED 80 million ‘Cambridge Business Centre’ (CBC). Company officials stated that construction of all 10 floors of its inaugural commercial venture, located in Dubai Silicon Oasis (DSO), have been complete in line with plans to deliver the tower by the second quarter of 2011.

Following the completion of majority of the block works, Cairo Contracting Company, the main contract for the business tower is currently proceeding with the internal plaster and tile work. In addition, Memon’s partnership with several leading construction partners, including Stromek Emirates Foundation (shoring), WIN GATE Electromechanical Services (MEP), HI-TECH Electro Mechanical Contracting (air conditioning), and Shanghai & Arabian Electromechanical (elevators), has contributed to its fast-tracked progress. Furthermore, the rapid development of the project is being mirrored by the master developer’s aggressive work on DSO’s infrastructure.

“As we inch closer to the delivery of this unique commercial tower, we remain committed to our promise to our investors of a commercial space that will incorporate all the amenities to provide their business with the necessary edge and help them become more competitive and accessible to their customers,” said Ahmed Shaikhani, Managing Director, Memon Investments. “We have the highest confidence that ‘Cambridge Business Centre’ will be one of the most important addresses for both start-up companies seeking to establish new operations in the UAE and major players undergoing expansion.”

CBC will provide small, medium and large offices with a thematic design based on classic British architecture and fully equipped with technologically advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. The development will also house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop. Upon delivery, the 10-storey tower will offer a total built-up area of 160,000 square feet.

“We have designed CBC to offer the most sophisticated technologies, which will make business more convenient and efficient for commercial tenants. We are excited to finally hand over the units to our clients, who will certainly be able to immediately tell the difference of CBC in terms of facilities, accessibility and overall prestige,” concluded Shaikhani.

About Memon Investments LLC
Founded as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer’s intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group’s extensive real estate development experience, Memon Investments’ UAE portfolio comprises of prestigious residential projects including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and its inaugural commercial venture - ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness.

Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Prime commercial tower in Dubai Silicon Oasis moving towards delivery

November 15, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, announced that it has completed nine out of the ten floors within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The continuous construction works on the AED 80 million tower is leading up to its expected timely delivery.

With a total built-up area of 160,000 sq. ft., CBC is the first project in the region comprised of 10 floors that are all dedicated to commercial space. Memon Investments has partnered with several leading construction partners for this project, with Cairo Contracting Company bagging the main contract for the business tower; WIN GATE Electromechanical Services providing top-quality materials and delivering complete electrical, plumbing, drainage, fire fighting and fire alarm works; and Stromek Emirates Foundation, which is in charge of shoring and excavation works. Further, HI-TECH Electro Mechanical Contracting Est. and Shanghai & Arabian Electromechanical LLC, are also part of this massive project, installing YORK air-conditioners and three high-speed elevators, respectively.

“Our initial venture in commercial property development is shaping up to be another success for Memon Investments, cementing our repute as a dynamic construction organisation,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “Construction of CBC is progressing rapidly, and we are now preparing for the hand-over of the offices to our investors. We are proud to be close to delivering this project despite the drawbacks of the current recessionary period, which attests to our capacity and commitment to honour the promise we made to our investors.”

Inspired by classic British architecture, CBC will offer small, medium and large offices that are fully equipped with technologically advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. Commercial tenants can also enjoy from the host of services and facilities, which will be available within the tower. In addition to state-of-the-art offices, the development will also house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop.

“We are looking forward to welcoming the first batch of businesses to make CBC the base of their operations. Its strategic location and high-technology facilities will make their business more accessible to their customers. We are counting down to the day when we will open CBC’s doors to the new owners, after which our focus will shift to ensuring that this development will continue to remain an efficient business hub,” concluded Shaikhani

Record pace of construction on AED 80 million ‘Cambridge Business Centre’

Record pace of construction on AED 80 million ‘Cambridge Business Centre’

Memon Investments prepares to handover project to investors by fourth quarter of 2009

April 20, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has revealed that it is witnessing unprecedented construction progress on its AED 80 million ‘Cambridge Business Centre’ project in Dubai Silicon Oasis, despite the massive setback being faced by the UAE real estate and construction sectors. With construction of 3 of the 10 floors completed, initial steps are already being made in preparation for the scheduled handover of the project to the investors by the fourth quarter of 2009. The announcement is in line with the developer’s aims to build and deliver existing projects by leveraging its strong financial backing and partnerships with leading construction companies.

As Memon Investments’ first commercial project in the region, ‘Cambridge Business Centre’ is the collaboration of a dedicated team of industry professionals who were tapped to bring in their expertise and ensure that the project will be at par with global standards for luxury commercial developments. Cairo Contracting Company, which has been awarded the main contract for the business tower, is among the UAE-based companies spearheading the construction progress of the commercial tower. Other construction majors involved in the project include WIN GATE Electromechanical Services, Stromek Emirates Foundation, HI-TECH Electro Mechanical Contracting Est., and Shanghai & Arabian Electromechanical LLC.

“We are very proud to announce the exceptional progress we are seeing in the construction of our inaugural commercial tower, especially at a time when many construction projects are being delayed or cancelled as a result of the financial turmoil,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “I believe that it is our strategy - one that involves strategic partnerships with leading construction organisations, as well as our fervent desire to satisfy the requirements of our customers - that is driving our success amidst these trying times.”

Set to feature classic British architecture across its small, medium and large offices, ‘Cambridge Business Centre’ will boast of advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. Commercial tenants are expected to benefit from the host of services and facilities on offer within the tower, which is set to house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop. The 10-storey tower will offer a total built-up area of 160,000 square feet upon its completion by the fourth quarter of 2009.

“Cambridge Business Centre marks the first commercial project we have launched and the success of this development is essential in our aims to build a strong repute within the UAE real state market. Our unwavering commitment to quality has brought us to our success in Dubai, and we are confident that this upward momentum will propel out growth within other promising destinations across the Emirates as well as the region,” concluded Shaikhani.