Wednesday, February 24, 2010

Construction on I-Rise office tower reaches 30th floor

Construction on I-Rise office tower reaches 30th floor

February 24, 2010

Realty Capital Middle East FZ LLC has announced that it has recently competed the concrete casting of the 30th floor slab of its centerpiece i-Rise office tower project in TECOM site C. This marks an important milestone as one of the largest office tower developments in the region draws near to its completion date expected in November 2010.

I-Rise office tower, being developed by Realty Capital, is 36 floors high and contains corporate and executive offices as well as retail space on the ground floor with an approximate total built-up-area of 1.9 million square feet. The tower will have 19 high speed elevators and 2,300 parking spaces.

All electromechanical works of i-Rise are now being completed through the lower levels up to 27th floor. The contractor has also started placing aluminum cladding on the external facade up to the 25th floor. Fit-out works are also well in progress.

Marwan Mansour, the CEO of Realty Capital, said: “Being one of the region’s most iconic projects, there has been a growing sense of excitement and pride as we draw nearer to the completion of i-Rise. Realty Capital has worked really hard with the contractors to ensure that the project stay on track despite the challenges that have been experienced in the region and across the world. When we started this project, we vowed to protect the interest of all investors and stakeholders one of Dubai’s most prestigious business towers”.

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