Page 85 - RLI March 2019

OLyMPIA LONDON, Uk As Istanbul continues its growth as a megacity, the Nivo
Developers: yOO Capital and Deutsche Finance International
Istanbul Project combines residential and commercial de- MUgHAIDER, SHARjAH, UAE
Developer: Shurooq
velopment in a location that is emerging as a new city cen-
tre. Nivo Istanbul is adjacent to the Basın Ekspres Highway
and is close to Istanbul International Ataturk Airport, CNR
Expo Center, and Tuyap International Exhibition Center.
The scheme is designed as a mixed-use project that com-
bines residential use, offices, home offices, a hotel, shops,
and a retail street. Completion of the 171,820sq m is
scheduled for this year by developer Nivo, and will be
presented at MIPIM by Cathay Invest ahead of its opening
later this year.
Developer Lateral Property Group, in partnership with
investment firm Highgrove Group, have announced the
plans for the out-of-town retail scheme in Wakefield called
Axiom, which will be located along the M62 and near the
existing Junction 32 outlet centre. Planning consent has
been agreed and construction is set begin in 2019 with
an official opening in 2021. The development will consist
of 55,742sq m of retail floor space in 75 units. Axiom
has secured pre-lets with Next, Primark, Marks & Spencer
and Boots. The development is part of a 43ha estate that
features a 16ha country park and an £18M, 10,000-seat
rugby stadium. DISTRICT 2020, DUBAI, UAE
Developer: District 2020
The green light has been given for £1bn Olympia Lon-
don plans, as planning permission has been granted to
transform the iconic 132-year-old landmark into an arts,
entertainment, events and creative business quarter. The
project will include two new major artistic venues incor-
porating a 1,000 seat performing arts space and a 1,500
seat theatre, a four-screen arthouse cinema, 10,000sq ft
of performance and rehearsal space, a new jazz-club style
restaurant and venue, office space designed for creatives
and media companies, 2.5 acres of pedestrianized public
space, including squares, streets and a sky garden, new ca-
fes, hotels, restaurants and shops.

PROjEcT SHOwcASE: MIddLE EAST & AFRIcA largest dancing fountain in the world, a 1km ski slope, heritage
Nakheel will showcase a range of projects, including The village and beach, was first announced in August 2015. When
Palm Tower and Nakheel Mall, at MIPIM. The Palm Tower is finished, the mall will host 580 retail outlets split between 30
an iconic, 52-storey hotel and residential complex, under anchor stores, 80 flagship luxury stores, 190 dining outlets
construction on Dubai’s Palm Jumeirah. The 240m tower and a 13,200sq m hypermarket. Key features of the wider
comprises a 289-room St Regis hotel, completing in Q4 development include a civic plaza able to host 30,000 people
2019, and 432 luxury residences, topped off by an infinity and dancing fountains that fire water 380m into the air. A 8.2km
pool on level 50, with a podium housing a 51st floor lagoon will also feature 500m of beaches, water sport activities
restaurant and public viewing deck on level 52. Guests and and a beach club, while an experience zone will offer a sports
residents will have priority access to the nearby St Regis arena and various courts. Meydan said an innovation district
Beach Club, also under construction. The building is directly offering incentives for entrepreneurs, a 21-screen cinema, a
connected to Nakheel Mall and its 350 shops, restaurants 20-outlet food court, hotels and hotel apartments and 12,000
and attractions. Due for completion this year, Nakheel Mall parking spaces would be among the other features which
is also the access point for The Palm Tower viewing deck. include two hospitality towers, one commercial tower and a
The tower and mall have their own Palm Monorail station, medical centre.
with easy access to Dubai’s wider public transport network. The Sharjah Investment and Development Authority (Shurooq)
District 2020 will provide a smart and sustainable and master developer Nakheel have signed a joint venture that
urban environment designed to encourage creativity, will bring a new community retail centre to Sharjah. The project
collaboration and innovation. It will inherit physical and - Nakheel’s first outside its home emirate of Dubai - has an
digital infrastructure from the Expo 2020 event being estimated development value of AED75M. Design work is
staged in Dubai in the year 2020 and will be the first area in underway, with details about the new project to be unveiled by
the MEASA region to provide 5G technology throughout. the end of this year.
District 2020 will also inherit 200,000sq m of built assets Shurooq has also signed deals with Kuwati construction firm
from Expo 2020. These will be converted to residential and Mabanee to develop a 65,000sq m real estate project along
commercial units. An additional 2.3 million square metres the lines of Mabanee’s ‘Avenues’ projects that will transform
will be available for third party development as residential, Mughaider into a premium tourist and leisure destination, and
commercial, hospitality, educational and mixed-use space. a deal with Eagle Hills called ‘Eagle Hills Sharjah Development’,
The masterplan envisages a community of 90,000 people. that will see the launch of three ground-braking real estate
The project is being presented by District 2020 at MIPIM. projects at a total cost of AED2.7bn. Majid Al Futtaim has also
Dubai developer Meydan has said its Meydan One mall this year extended the City Centre Sharjah shopping mall,
MEyDAN ONE, DUBAI, UAE development is on track for an early 2020 launch following taking the available space from 37,728sq m of gross leasable
Developers: Meydan
construction progress. The project, which includes the area to 51,428sq m.
84 RETAIL & LEISURE INTERNATIONAL MARCH 2019