#APPROVED: FERRITTI LUXURY RESIDENCES, 41F, Res (Madinat al Arab) - Page 2 - SkyscraperCity
 

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Dubai Waterfront and Palm Jebel Ali Developments on Nakheel's second palm and the new surrounding city


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Old July 29th, 2008, 07:41 PM   #21
AltinD
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The first sentence of the article you posted.
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Old August 28th, 2008, 04:41 PM   #22
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Italy's Ferretti eyes Gulf market

Italian luxury yacht maker Ferretti may go ahead with plans to sell shares to the public after November, but a final decision would depend on market conditions, its chief executive told Reuters on Wednesday.

Speaking in an interview at the launch of a $1.6 billion property development in Dubai that will draw on Ferretti's yacht designs, CEO Vincenzo Cannatelli said the markets remained "difficult".

"In September, we will see where the markets are ... Certainly, it cannot be before the fall because we are releasing our full-year results in October," he said, adding that November onwards could be possible.

Cannatelli declined to give a range for expected profit or revenue growth in the year ending Aug. 31, but said increased sales of mega-yachts, typically over 70 feet in length, would help make 2007-2008 a "good year", despite the global economic downturn.

"Fortunately enough (the slowdown) does not have a major impact on Ferretti, because our smallest entry level is 40 to 50 feet and what does better in this (economic) environment is the 70 feet (class)," Cannatelli said.

Rising fuel prices were unlikely to dampen Ferretti's growth as buyers willing to spend 5, 10 or 15 million euros on a luxury boat would not be deterred.

Ferretti, which owns the Riva and Pershing yacht brands, is 51-percent owned by Candover , the London-based private equity fund that bought the yacht maker from rival fund Permira in 2006. Permira still holds a 9 percent stake.

In April, the Financial Times put Ferretti's valuation as high as 3 billion euros ($4.65 billion). Cannatelli declined to give a valuation.

Ferretti went public with a listing in Milan in 2000, but Permira took it private again two years later. It sold control to Candover in 2006.

Mediobanca and Merrill Lynch are joint global coordinators for the anticipated offer, with Citi and UBS joint bookrunners.

Cannatelli said the difficulties in the US were being offset by growth in Eastern Europe and South America and new opportunities in emerging markets such as India and China.

The booming Gulf market, where a more than fivefold rise in oil prices since 2002 has buoyed economic growth, could become a "significant" market for Ferretti, Cannatelli said, adding that it currently sells dozens of boats a year in the region.

Dubai, home to manmade palm-shaped islands, plans to add 50,000 boat berths across the emirate, up from 2,500 in 2007.

In the UAE, the world's fifth-largest oil exporter, millionaires accounted for one out of every 58 people in a total population of 4.5 million last year, according to data provided in the Merrill Lynch and Capgemini World Wealth Report.

Ferretti has teamed up with German real estate firm ACI to develop waterfront apartment towers in Dubai that are named after Ferretti yachts. The buildings will house yachts moored at the development.

"Middle East (people) have always been excellent clients for the big boats and mega-yachts, but generally kept them in the Mediterranean," said Cannatelli. "What is happening is the development of real estate and marinas ... I believe it will increase the culture of boating in this region."


Via (Reuters)
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Old September 10th, 2008, 12:37 AM   #23
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Ferretti, ACI launches Ferretti and Pershing luxury waterfront residences

The Ferretti Group, together with ACI Real Estate has launched two luxury waterfront residences - Ferretti Luxury Beach Residence, and Pershing Luxury Beach Residence.

This freehold ownership project, named as 'Marine ', is worth about Dh.6bn, covering about 1,969,607 square feet of saleable area at the Waterfront.

The twin tower, with its landscaped gardens, set amidst canal and sea views, offers the latest in amenities such as pool, fitness center, sauna and Jacuzzi, with eight luxury yachts per brand for residents to charter at their preferred rates. These yachts will be purchased by the ACI Group.
The twin tower Ferretti Beach Residents will include 44 storeys each, while the Pershing Luxury Beach Residence will have 41 storeys, apart from individual retail units at the ground floor of each tower.

The project is slated for completion by 2011. Robin Lohmann, the Managing Director, ACI Real Estate, said that this deal has strengthened the vision of the company in bringing world-class luxury living to Dubai. The Ferreti Group has been a pioneer in luxury brand for decades now. ACI Real Estate seeks to blend Ferretti's expertise into realty projects of the company, and provide customers with best of both worlds.

The Ferreti Group is renowned globally for its high performance luxury yachts. This partnership with ACI is another instance of its effort to create a unique concept to add tangible and intangible value to its offerings.


P.S please change title With new name elso
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Old September 11th, 2008, 07:35 PM   #24
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New name

" Ferretti Beach Residents "



New Render




http://wikimapia.org/#lang=en&lat=24...89233&z=18&m=b

Source & developer

http://acigroup.ae/project.php?project_id=20
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Last edited by Gabriel900; June 30th, 2016 at 05:31 PM.
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Old September 11th, 2008, 07:37 PM   #25
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New name

" Ferretti Beach Residents twin tower "



New Render

[IMG]http://i38.************/2l87ktd.jpg[/IMG]


Source & developer

http://acigroup.ae/project.php?project_id=20
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Old September 12th, 2008, 03:54 PM   #26
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Thx a lot Bizzy !!

44 floors is not that bad !!!!
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Old September 14th, 2008, 09:32 AM   #27
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Nice addition to the Waterfront, although i doubt it would be white like in the render.
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Old October 22nd, 2008, 10:59 PM   #28
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Render and info

http://www.aci-dubai.net/project.php?project_id=21
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Old October 23rd, 2008, 11:15 AM   #29
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Ok, it's not the same like Marina Legends !!

http://acigroup.ae/project.php?project_id=20

http://www.aci-dubai.net/project.php?project_id=21
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Old March 1st, 2009, 11:13 PM   #30
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RERA Construction Update

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Old March 2nd, 2009, 09:42 AM   #31
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Change title to 45 floors ! Thx
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Old March 29th, 2009, 10:16 PM   #32
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Heard that this an Pershing are going to be cancelled, any news??
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Old March 29th, 2009, 10:17 PM   #33
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And you're source from that info , please ?
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Old March 29th, 2009, 10:19 PM   #34
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ACI is offering trades for owners of the both towers to take units in BB
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Old March 29th, 2009, 10:21 PM   #35
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Because all plots in DWF is not ready yet + with a huge delayed to receiving there plots (ON HOLD )...
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Last edited by bizzybonita; March 29th, 2009 at 10:33 PM.
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Old March 29th, 2009, 10:26 PM   #36
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so it will be cancelled or not? what are they going to do if investors dont want to go to BB?
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Old March 29th, 2009, 10:28 PM   #37
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I guess , Money back the only choice No more choices within these days !
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Old March 29th, 2009, 10:30 PM   #38
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That will be great, look I am new here, do you have any imformation about projects of Schon in DTJA? thanks
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Old March 29th, 2009, 10:35 PM   #39
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Here you can find whatever you like of Schon projects ...

https://www.skyscrapercity.com/forumdisplay.php?f=719
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Old March 29th, 2009, 10:40 PM   #40
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yes I know about it, do you have any fresh information?
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