Mace hired to manage Abu Dhabi's $1bn Reem Mall project

International consultants are appointed for mega shopping mall; construction set to start this year with completion slated in 2018
Mace hired to manage Abu Dhabi's $1bn Reem Mall project
By Staff writer
Sat 24 Jan 2015 09:51 AM

International consultants Mace have been appointed by National Real Estate Company (NREC) to project manage the development of Reem Mall, Abu Dhabi's new entertainment, dining and shopping destination.

Reem Mall, developed in partnership with United Projects for Aviation Services Company (UPAC), is a 2 million sq ft project located on Reem Island, which will eventually be home to more than 200,000 people.

Currently at concept design stage, the $1 billion Reem Mall project will start construction in 2015 and is expected to open in 2018.

Once completed, Reem Mall will bring a wide range of retail, leisure and entertainment offerings to Abu Dhabi including some 450 stores and 85 food and beverage outlets.

Shane Eldstrom, vice president - development, NREC, said: "Once completed, Reem Mall will become Abu Dhabi's most exciting new retail, leisure, dining and entertainment destination.

"Working with a renowned delivery partner such as Mace will bring a new level of international expertise to our professional consultant team, and ensure that the delivery of the Reem Mall project adheres to the highest industry standards."

Nic Alford, Mace operations director, added: "Reem Mall is NREC's largest and most ambitious project to date. We are delighted to be trusted by NREC to deliver Reem Mall, which will make a significant contribution to the development of Reem Island, a vital component in Abu Dhabi's 2030 urban structure framework plan."

Mace has also worked on the Mall of the Emirates, Mirdif City Centre, Deira City Centre and, more recently, picking up the major regeneration scheme Khor Dubai.

Under an agreement, UPAC will invest up to $224 million in the project through its real estate subsidiary, Al Arfaj Real Estate Company.

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