By Staff writer
Rani Investment, a unit of Saudi-based Aujan, hires firm to play key role in handover of twin-tower project
Rani Investment, the hospitality and real estate arm of Saudi-based Aujan Group Holding, has signed an agreement to appoint Broll Property Group to work on the Torres Rani commercial and residential development in downtown Maputo, Mozambique.
Under the terms of the agreement, Broll will oversee the commissioning of services and equipment related to the twin-tower project, and also plays a key role role in the handover of apartments and offices as they are completed.
The Torres Rani development is part of a $206 million joint venture with Minor Hotel Group announced in August 2014. The development also includes a Radisson Blu Hotel, an upscale 154-key property that has been in operation since January 2013.
The two-tower structure spans 775,000 sq ft and includes 224,000 sq ft of office space, a residential tower of 181 furnished and serviced residences, a two-storey secured parking garage, and a retail area that will service both towers.
Within the residential tower, 117 studio and one-bedroom units will be fully managed by Radisson Blu. Amenities include two swimming pools, a children's play area, restaurants and lounges and a state of the art gymnasium. Development is scheduled for completion by end of 2015.
Salim Bitar, Aujan Hospitality & Real Estate CEO, said: "This agreement marks a critical point in the development of Torres Rani.
"This landmark development is an architectural statement of what we believe reflects the ambition, diversity and vibrancy of Mozambique. We are proud to make this vision a reality."
Malcolm Horne, Group CEO of Broll Property Group said: "To be involved in such a prestigious development is a great honour for our company. We share a common drive for quality and excellence in everything we do. I'm confident that this partnership will significantly help improve service delivery for not just Rani Investment, but also the future tenants of Torres Rani."
Established 40 years ago, Broll Property Group has offices in 10 countries and operations in over 17 countries across Sub-Saharan Africa.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.