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Sowwah Square, Abu Dhabi
Al Sowwah Island

Height | 184m (x2), 160m (x2), 72m
Floors | 37 (x2), 31 (x2), 4
Use | Commercial
Architect | goettsch partners
Developer | Mubadala Development

Construction Status | Under Construction
Construction Start | 2008
Construction End | 2010

Notes:
US architects Goettsch Partners (GP) have been commissioned to design Sowwah Square, a new business centre in Abu Dhabi. Located on Sowwah Island, the project will feature a central stock exchange, designed to function as an icon, and a further four office towers, ranging from 31 to 37 storeys in height.

"As the city continues its rapid development, the project will set an international standard of design and technical quality," said James Goettsch, president of GP.

The stock exchange building will rise on 27-metre high granite pillars above a 49-metre diameter water feature. The pillars will house stairs and service elements for the project, while the roof area will be the size of a football pitch

GP has also announced an intention to ‘look beyond LEED' in developing a sustainable design. Over 2,500 square meters of photovoltaic panels are to be installed across all buildings in the project, while the water feature and irrigation will be supplied with water from condensation coils. Work on the project is scheduled for completion in 2010.








 

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MONACO _ Côte d'Azur
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Major firms rent Sowwah Square's first tower

Two buildings to be operational next year

# By Aya Lowe, Staff Reporter | Published: 00:00 October 5, 2010


Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, visits the Sowwah Island stand after inaugurating the Cityscape Global exhibition on Monday.

*Image Credit: Virendra Saklani/Gulf News


Dubai: Mubadala has announced that it has leased the majority of units of its first tower in Sowwah Square.

The 40,400 square metre tower, which is part of a four-building complex, has now leased space to more than 13 regional and international firms.

They include Gulf Capital, Abu Dhabi Finance, Booze and Company, Norton Rose, Herbert Smith, Baker Botts, Akin Gump, Latham and Watson and Hogan and Hartson. The remaining space in the tower is still under final negotiation.

"As the four towers and ADX building are being completed, increased interest is being shown by prospective tenants who can see the highest quality of environment being created, both internally and externally," said Peter Wilding, executive director of Mubadala Real Estate & Hospitality.

"Experience has taught us that there is always a flight to quality for those who want the best."

Sowwah Square comprises four Grade A office towers totalling 183,000 square metres of leasable space. Two towers are set to be operational by mid-2011 and the rest are in "advanced stages of construction", according to a statement by Mubadalla.

The two bridges will provide fast and easy access to the city centre and work on the Salam Street interchange is scheduled to be finished by the time the whole project is completed.

The development also includes Rosewood Abu Dhabi and the Four Seasons Abu Dhabi hotel.

Business district

These towers are located in the master development Sowwah Island, which will be a 114-hectare investment zone and business district.

A number of new master developments like this are adding to new Central Business District (CBD) pockets in Abu Dhabi.

"The traditional CBD has been from the corniche down to Defence on 13 street where there is Abu Dhabi mall. What you're starting to see now is other CBDs emerging," Richard Foulds, director at CB Richard Ellis, told Gulf News.

"Sowwah Square, for example, is in its own right creating its own CBD. You also see places like Capital Centre next door to Adnec coming into their own," he added.

Gulf News
 

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News :

Sowwah Square to lease remaining towers by year-end

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By Elizabeth Broomhall

Sunday, 28 August 2011 12:28 PM

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The planned financial hub will include four towers of office space, a retail centre and the new Abu Dhabi Securities Exchange

The planned financial hub will include four towers of office space, a retail centre and the new Abu Dhabi Securities Exchange

Sowwah Square, the heart of Abu Dhabi’s planned business district, Sowwah Island, will release its remaining two office towers to lease by the end of the year, the developer behind the project has said.

The planned financial hub, billed as the emirate’s answer to London’s Canary Wharf, will play host to four office towers with 183,000 sq m of leasable space, overlooking prime retail space and the newly-built Abu Dhabi Securities Exchange.

Around 40 percent of the development has already been leased, said the executive director of developer Mubadala Real Estate and Hospitality, Peter Wilding.

“Tower one [Al Sila] and tower four [Al Khatem] have had great success in the pre-lease market. These two towers are substantially leased. Overall, we’ve leased around 40 percent of the entire development,” he told Arabian Business.

Tenants include such top-end British law firms as Clifford Chance and Norton Rose Group, alongside financial firms JP Morgan, Gulf Capital, and Dunia Finance.

“At the launch of Sowwah, which is planned for the end of the year, we will release towers two [Al Sarab] and three [Al Maqam] onto the leasing market,” Wilding said.

The launch date for development, located off the coast of Abu Dhabi island, was initially scheduled for the close of 2010, but was pushed back by a year due to construction delays.

Sowwah Square’s 33,000 sq m retail centre is now expected to complete within two years, while the project’s Rosewood Hotel is slated to launch next August, Wilding said.

“The new CBD [central business district] is coming to life and taking shape,” he said. “For the Rosewood, we’ll have substantial completion for the construction by April next year and we have the opening of the hotel in August.”

The construction contract for the project’s Four Seasons hotel – the first in the UAE – is currently out to tender and is expected to be awarded in the next few months.

A Jones Lang LaSalle report this week said office rents across the Gulf were likely to slide in the third quarter as foreign companies showed more caution in the wake of the Arab Spring unrest.

The consultancy warned that office rents in Abu Dhabi would also see downward pressure as a surge of commercial properties come online, though market speculation has also suggested the emirate may benefit from the fallout of foreign firms fleeing Bahrain.

But Wilding said the project did not see itself as rivaling established financial hubs such as Dubai’s tax-free business park DIFC or Bahrain’s Financial Harbour.

“This is not in direct competition with DIFC or Bahrain. I think we’re complementing what they are doing by creating a place within Abu Dhabi, a true central business district,” he said.

“What we are saying is that we are creating a new world-class place of business equal to what London did many years ago with the establishment of Canary Wharf.”


http://www.arabianbusiness.com/sowwah-square-lease-remaining-towers-by-year-end-417642.html

The Galleria (Mall)

The Galleria at Sowwah Square is a 33,000 sqm retail and dining destination, scheduled for completion in late 2012. Under development by Mubadala and Gulf Related, one of the world's pre-eminent retail developers, it will be a vibrant shopping and fine dining destination featuring a full range of luxury and mid-market international offerings, including internationally branded food and beverage outlets.
Designed to become Abu Dhabi's premium shopping and dining destination
Sculptural atrium roof will provide the iconic core of the design with spectacular views over Abu Dhabi's skyline
Directly accessible to a 5.4km pedestrian promenade
Range of convenient and easily accessible car-parking options
Integrates shopping, dining, hotels, parking, cafés and public spaces

Source
http://www.sowwahsquare.ae/en/sowwah-island/projects/the-galleria/
 
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