View Full Version : #APPROVED: FERRITTI LUXURY RESIDENCES, 41F, Res (Madinat al Arab)
May 16th, 2008, 06:10 PM
i found this one
The project named “Marine Legends” is valued at Dhs6bn at Dubai Waterfront by ACI.
Robin Lohmann, Managing Director of ACI Real Estate said that, ”Marine Legends reflect growing demand for high-end residences and concurrently aiming at providing an appropriate setting that unifies the requirement and aspirations of the emirate of Dubai to appreciate the waterline and improved water canal systems.”
Speaking on the alliance with Ferretti Group Lohmann added: “We are very excited to work with the Ferretti Group and our association with them marks the start of global and Emirate wide trend. Ferretti Group has a long heritage of integrity, innovation and industry leadership principles. We share the spirit of endeavor and dedication to excellence, which fits perfectly with our mission to uphold the highest standards.”
Vincenzo Cannatelli, CEO of the Ferretti Group added: “We have been thinking of UAE as our next destination for international expansion. The market offers a unique platform with a sound business environment that facilitates global business and investment. Dubai is well poised to become a leading global business capital and we are happy to join ACI to be part of this invigorative phase of growth.”
The Ferretti Group, leader within the sphere of luxury motor yachts, has a unique portfolio of the most exclusive brands in the nautical world: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, Custom Line and CRN. It is currently present in 95 countries and has three representative branches situated in Europe, the United States and Asia. The Group also boasts an international dealer network, which counts over 85 carefully selected distributors, who guarantee its clientele the very best assistance in marinas all over the world.
July 26th, 2008, 12:20 AM
Does anybody know when these towers will be officially launched?
July 26th, 2008, 02:53 PM
^^ contact ACI Real Estate and let us know my dear ...
July 28th, 2008, 08:27 AM
Remove, this is same as Marina Legend
July 28th, 2008, 09:58 AM
ok, than close thread !
July 29th, 2008, 03:14 PM
Remove, this is same as Marina Legend
any source please !
July 29th, 2008, 07:41 PM
^^ The first sentence of the article you posted.
October 22nd, 2008, 10:59 PM
Render and info
October 23rd, 2008, 11:15 AM
Ok, it's not the same like Marina Legends !!
March 1st, 2009, 11:13 PM
March 2nd, 2009, 09:42 AM
Change title to 45 floors ! Thx
March 29th, 2009, 10:16 PM
Heard that this an Pershing are going to be cancelled, any news??
March 29th, 2009, 10:17 PM
^^ And you're source from that info , please ?
March 29th, 2009, 10:19 PM
ACI is offering trades for owners of the both towers to take units in BB
March 29th, 2009, 10:21 PM
Because all plots in DWF is not ready yet + with a huge delayed to receiving there plots (ON HOLD )...
March 29th, 2009, 10:26 PM
so it will be cancelled or not? what are they going to do if investors dont want to go to BB?
March 29th, 2009, 10:28 PM
I guess , Money back the only choice No more choices within these days !
March 29th, 2009, 10:30 PM
That will be great, look I am new here, do you have any imformation about projects of Schon in DTJA? thanks
March 29th, 2009, 10:35 PM
^^ Here you can find whatever you like of Schon projects ...
March 29th, 2009, 10:40 PM
yes I know about it, do you have any fresh information?
March 29th, 2009, 10:45 PM
^^ Which project of Schon project you need a fresh info about ?? you can send them an email about what the recent progress of any kind of schon projects ...
Here the E @ address :
Construction updates and General enquiries firstname.lastname@example.org
March 29th, 2009, 10:47 PM
ok thanks a lot
May 12th, 2009, 03:44 PM
Any news on Ferretti Towers - obviously the project is not going ahead as all other projects in Madinat Al Arab or Waterfront for that matter. Anytone getting their money back or trading for property in BB??
June 29th, 2009, 01:06 AM
we are the team which has caused the media recognition of ACI's actual shareholder trouble in Germany.
You can find all our three press releases (in German :() on our website.
First of all, I want to thank :applause: this forum section and its protagonists for the very detailed information available here.
Thanks especially to all guys spending days over days with posting actual pictures.
All used pictures in our releases were edited with "Copyright Skyscrapercity.com", hope this promotes this woderful site as well.
Meanwhile, due to the media coverage in Germany and Austria (so far approx. 50 different clippings!),
we have been contacted by one of the most serious TV Magazines from Germany who are planning to come this week to Dubai.
In preparation of this report, we are now looking for direct contact to local ACI / Lohmann "victims", means:
Unit Buyers, claiming refunding of their payments, but rejected by ACI out of unserious reasons (we konw there must be a lot)
Cases where payments have not been deposited on ACI Escrow account (against the Law No. 8)
Suppliers, running behind their moneys, e.g. there is a German supplier complaining that ACI asked for 24 months stretched payment plan instead of 1 amount
More detailed information about Robin Lohman - place of residence
It would be great to receive some serious replies.
Please facts only, no gossip or twitters. Thanks.
July 9th, 2009, 04:48 PM
Troubled German developer puts Dubai Waterfront towers on hold
Last Updated: July 09. 2009 5:30PM UAE / July 9. 2009 1:30PM GMT Alternative Capital Invest (ACI) Real Estate, the troubled German-owned developer behind projects such as the Boris Becker, Michael Schumacher and Niki Lauda towers, says it will put on hold its developments on the Dubai Waterfront and shift investor holdings to other assets.
Affected projects include the Ferretti and Pershing towers, which have yet to begin construction. The company said it would shift client’s investments in these developments to its towers in Business Bay, which consist mainly of the towers linked to prominent German sport figures. The Becker, Schumacher and Lauda towers are currently under construction but running significantly behind schedule.
In recent weeks a group of German investors in ACI-linked funds, which have financed the developments, complained that the developers have missed payout deadlines. The postponement of the Dubai Waterfront towers comes as ACI is struggling to maintain investor funding that it needs to complete existing projects.
Robin Lohmann, the managing director of ACI Dubai, said in a recent interview slowing payment was having an impact on construction schedules.
“All our sites [in Business Bay] are under construction,” he said. “But since there are delays in people’s payments, we have had to slow down in order to deal with it. If nobody pays, the risk is that construction stops. This is the last thing that we want.”
He added that of the 11 projects the company had underway, at least seven were under construction.
July 16th, 2009, 12:00 AM
Nakheel hits back at ACI Waterfront claims
MEGA PROJECT: Nakheel's Waterfront development in Dubai.
Master developer Nakheel on Monday hit back at claims made by Dubai property group ACI Real Estate - and insisted its Waterfront mega-project was going ahead.
Robin Lohmann, managing director of ACI Real Estate, in an interview with Arabian Business this week, blamed the state-owned developer for a lack of progress on his flagship Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence projects, located in the Madinat Al Arab area of the Nakheel’s Waterfront development in Jebel Ali.
“We have invested in several plots in Dubai Waterfront. We need to know from the master developer of Waterfront, which is Nakheel, if they plan to go ahead with the project now or not. Once we have these answers we can give to answers our purchasers,” Lohmann said.
But in an emailed statement to Arabian Business Nakheel said it had handed over ACI’s two plots and the company was free to start construction.
Related: EXCLUSIVE: 'No chance I will do a hit and run' – ACI boss (http://www.arabianbusiness.com/561681-exclusive-no-chance-i-will-do-a-hit-and-run--aci-boss)
“The two plots which ACI own at Madinat Al Arab have already been handed over,” a spokesman for Nakheel said.
"Waterfront has not been cancelled. Our current focus at Waterfront is on Badrah, Veneto, and Madinat Al Arab. Work continues to make good progress at these sites,” the spokesman added.
The Madinat Al Arab phase of the Waterfront is due for completion in 2015. Other sub-developers such as Plus Properties have started construction at Madinat on its Pixel Tower and Wave Residence projects.
“At Madinat Al Arab, we remain committed to providing infrastructure to third party developers as per their Sales and Purchase Agreements. The majority of plots in this phase have been handed over with some third party developers already mobilised on-site,” the Nakheel spokesman added.
Dubai-based property developer and investment company ACI Real Estate, is a division ACI (Alternative Capital Invest) Group, a German firm with interests in asset management and real estate.
The Waterfront is a planned seaside mega project, twice the size of Hong Kong. It is being built over six phases and completion dates range from 2010 to 2018.
Nakheel said in December the Madinat Al Arab, Veneto, Badra and Canal District phases of the Waterfront were pressing ahead, while other sections would be delayed in the wake of the global crisis.