GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

 
  Share

Colliers International named as the official management company for Tilal Mall during a high-level signing ceremony on the first day of Cityscape Global Dubai 2017

Sharjah, 12 September 2017:   Tilal Properties, a leading Sharjah-based real estate developer and the first to develop freehold and leasehold properties in the emirate, has unveiled sweeping expansion plans for its flagship retail project ‘Tilal Mall', as a part of its strategy to lead the emirate's booming property sector and provide the perfect destination for investors, residents, tourists and entrepreneurs.

The comprehensive range of updates involve increasing the area designated for construction from 256,000 square metres to 400,000 square metres and raising the total gross leasing area from 69,000 square metres to 115,982 square metres. The plans will also increase parking lots from 2,500 to 4,170 in the five-storey building.

The expansion plan, part of Tilal's intensive investment promotion strategy will draw even greater interest both domestically and internationally to the opportunities the mall offers.

The wide-reaching updates were revealed at an official signing ceremony between Tilal Properties and real estate giant Colliers International during the first day (Monday) of the region's most important and influential real estate event, Cityscape Global Dubai 2017, taking place from 11-13 September at Dubai World Trade Centre, where Tilal had a highly-significant presence, as it concludes its participation today (Wednesday).

Under the official contract, Colliers International has been assigned the task of reviewing the designs of the mall, providing leasing services and undertaking property management. Colliers International successfully leased and advised on more than 86 million square feet of retail destination developments across MENA region.

Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Tilal Properties, said: “The revised plans are a phenomenal opportunity for more investors to take part in one of the most prominent projects in the region. The agreement with Colliers International followed a comprehensive study, taking into consideration the real estate's requirements and market analysis and needs. Today's property market is witnessing a noticeable rise in demand, especially for this kind of sophisticated community and service project.

“We have chosen Colliers due to its vast experience as one of the leading companies in the development of retail projects on a local and global stage,” Sheikh Sultan bin Ahmed Al Qasimi added.   

He continued: “Tilal Mall is the largest shopping destination in Sharjah, designed to cope with the rapid growth of Sharjah city and its surrounding areas. This is why we opted to update the designs of the mall in order to maintain its individuality and its symbolism to the emirate, which is highly respected as a business-friendly environment for investment, given that Sharjah's real estate market has maintained its stability on the state level.”

On his part John D. Davis, Chief Executive Officer at Colliers International MENA said :“We are very pleased to partner with Tilal Properties ensuring a World - Class experience that will set new standards in the retail sector in the region.” 

From his side, Stuart Gissing, Regional Director of Colliers International Middle East, said: “Our company is one of the leading global commercial real estate companies and enjoys a great reputation and accumulated experience in developing retail destinations. On designing Tilal Mall, we mainly focus on creating a strong and unique design that ensures the giant shopping destination will play a prominent role in reaffirming the project's strength and significance and add value to Sharjah's bourgeoning retail sector, with a view to providing luxury services to the project's visitors.”

He added: “Colliers International looks forward to providing consultancy services relating to design, leasing, and the operations management of the project, in partnership with Tilal Properties. We are all confident that this partnership will be fruitful for both parties. '   

Strategically located on Emirates Road (E611), Tilal Mall will comprise 220 stores, 61 restaurants and cafés serving a variety of food and beverages, a hypermarket extending across 8,200 square metres, a cinema complex, a 3,200-square metre multi-section store, six small stores and three family leisure centres.

Once completed, Tilal Mall will become the most important and largest shopping destination in Sharjah where it will offer the necessary services to keep up with the exponential growth of Sharjah city and its nearby areas.



Posted by : GoDubai Editorial Team
Viewed 11072 times
Posted on : Tuesday, September 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Cityscape Global Awards for Emerging Markets Celebrate International Architectural Excellence
Next Story : Building Surge Highlights Changing Face of Investment in Dubai Real Estate – Al Msaddi
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Express Your Signature Style
Cerruti 1881 Infinite Love
The Memovox Adventure
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Oh, Sweetie Lipcolour!
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Travel Light with Beauty Essentials from Glambeaute.com
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Beat the heat with mini dresses
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Tissot T-Race Cycling An adrenaline-fuelled ride
DKNY Fall 2018
Summer Love by Mouawad
Enjoy an all-day breakfast at Sophie's Café
Go Down Memory Lane with Fashion Trends from the '90s
Tommy Hilfiger Dressed Up Collections
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
Dubai Camel Racing Club Honours Al Tayer Motors
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
A New Watchmaking Encounter in Pink Gold at the Venice International Film Festival
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
Enjoy DSS 2018 Offers at Parah
Canvas on Wrist – Swatch Partners Up With Riksmuseum
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural...
Launch of PINAR Water - Turkey
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Outstanding Guide programme launched by Sharjah Museums Authority
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Cromia Offers Amazing Discounts during DSS
2XL launches luxurious Louna sofa set in velvet
Accessing The Internet In Dubai: All You Need To Know
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k...
An Insight Into Easyshopping.ae
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule
The Maison Chaumet opens an exclusive pop-up at The Dubai Mall
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Clinic
GUESS Launches Fall 18 Handbags
Pottery Barn Kids launches new ‘Back-to-School' collection
Finnair launches off-airport baggage collection and check-in service in London w...
Take your mobile gaming to the next level
Experts urge residents to recognize early signs of Heart Disease
PCFC and GDRFA helped 511 employees tie the knot over last 7 years