Abu Dhabi's leaning tower over 60% leased

Etihad Rail named as an anchor tenant at the UAE capital's iconic glass tower
(Getty Images)
By Andy Sambidge
Tue 12 Jun 2012 09:05 PM

Capital Gate, Abu Dhabi's leaning glass tower development, is more than 60 percent leased and will have Etihad Rail as an anchor tenant, it was announced on Tuesday.

The transport company has leased more than 4,000 sq ft at the iconic building which is located next to Abu Dhabi National Exhibition Centre (ADNEC) and leans more than four times that of Italy’s famous Leaning Tower of Pisa, Knight Frank said. 

Etihad Rail is the master developer and operator tasked with transforming the rail infrastructure network within the UAE and connecting with the wider GCC rail network.

Khaled Alsafi Al Hashmi, chief operating officer, ADNEC said: “Etihad Rail fits our target occupier market for Capital Gate as a new symbolic and forward thinking company for the next generation of the UAE, which meets the philosophy of Capital Gate’s construction and design."

Capital Gate is now over 60 percent leased or with options to lease, Knight Frank said.

Matthew Dadd, associate, Knight Frank added: “Signing Etihad Rail signifies that Capital Gate is a preferred location for companies of the future in Abu Dhabi and provides all of the amenities which modern day occupiers require."

Capital Gate also boasts a luxury five-star hotel, the Hyatt Capital Gate, located just above the offices.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.