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Fri 3 May 2019 10:05 AM

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Homegrown retail, F&B concepts sought for Abu Dhabi park project

Firm hired to manage leasings at Sheikha Fatima Park, a 46,000-square metre park, which is set to open to the public at the end of 2019

Homegrown retail, F&B concepts sought for Abu Dhabi park project
Sheikha Fatima Park, a 46,000-square-metre park, is currently under redevelopment and is set to open to the public at the end of 2019.

Aswaq Management Services (AMS) has been appointed by Abu Dhabi-based real estate developer, Imkan, to manage commercial leasing across its UAE flagship developments.

It will manage leasings at Sheikha Fatima Park, a 46,000-square-metre park, which is currently under redevelopment and is set to open to the public at the end of 2019.

AMS said it is looking to place a mix of innovative, home-grown, active retail concepts along with a large F&B offering in this outdoor park which will also boast co-working spaces, art and music schools, health, wellness and fitness provisions and entertainment concepts.

AMS’s appointment also includes the retail, F&B and leisure provisions at The Artery at Makers District. The Artery is the double helix parking structure and event space anchoring Makers District, a mixed-use development strategically located on Reem Island in Abu Dhabi.

Walid El-Hindi, CEO of Imkan, said: “We look forward to our partnership with AMS as we onboard a mission to revitalize the community and we encourage local, regional and global businesses to join us on our journey.”

Nasser Al Nowais, chairman, AMS, added: “Our retail leasing and management experience is perfectly aligned with their vision and development strategy, so we are looking forward to a successful and long-term partnership with Imkan.”

AMS is an Abu-Dhabi-based real estate management service provider with an international presence in Switzerland, Morocco and the UAE. It manages over 1.3 million sq m of premium retail space and thousands of residential and commercial real estate units around the world.

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