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Sun 7 Apr 2013 12:52 PM

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Limitless says Dubai business park is now 73% full

Dubai developer says global giants BASF and DuPont are latest big names to move in during Q1

Limitless says Dubai business park is now 73% full
ON TRACK: Developer Limitless says The Galleries project is already offering office and retail space, with residential to come later this year.

Dubai developer Limitless said on Sunday that its Galleries business park is now nearly three-quarters full after high-profile international firms moved in during the first quarter of 2013.

Chemical giant BASF and global innovative products and materials firm DuPont have recently opened offices, taking more than 2,000 sq m of space between them at the Dubai business park.

Around 57,000 sq m (73 percent) of available commercial space is now occupied at The Galleries, which comprises four A-grade office towers, 6,300 sqm of retail space and a 20,000 sqm landscaped plaza.

Limitless also said that during Q1 International Energy Resources FZCO signed a lease for 370 sq m of office space while Siemens entity Siemens Middle East Ltd took half a floor (734 sq m). Siemens itself already occupies more than 7,000 sq m at The Galleries

Limitless also said it has inked new retail leasing deals with a nursery and more banks. Currently, eight global banks are operating or are soon to open at The Galleries, with more in the pipeline.

Bahaa Abouhatab, head of UAE Projects for Limitless, said: "We are proud to have welcomed our newest tenants during the first quarter of 2013 and look forward to sharing more exciting news from The Galleries throughout the year - and beyond."

The Galleries is an eight-building mixed-use project including four completed, fully operational commercial towers and extensive retail space set in shaded, landscaped grounds that span 20,000 sq m - the size of three international football pitches.

Limitless added that it is currently exploring options for the completion of The Galleries' first residential tower.

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