Memon Investments completes superstructure of AED 80 million ‘Cambridge Business Centre’

Memon Investments completes superstructure of AED 80 million ‘Cambridge Business Centre’

Major commercial tower in ‘Dubai Silicon Oasis’ on track for delivery

April 26, 2010

Memon Investments, a leading Dubai-based property developer and part of the multibillion dollar international business conglomerate, the Shaikhani Group, announced that it has completed the construction of the superstructure of the AED 80 million ‘Cambridge Business Centre’ (CBC). Company officials stated that construction of all 10 floors of its inaugural commercial venture, located in Dubai Silicon Oasis (DSO), have been complete in line with plans to deliver the tower by the second quarter of 2011.

Following the completion of majority of the block works, Cairo Contracting Company, the main contract for the business tower is currently proceeding with the internal plaster and tile work. In addition, Memon’s partnership with several leading construction partners, including Stromek Emirates Foundation (shoring), WIN GATE Electromechanical Services (MEP), HI-TECH Electro Mechanical Contracting (air conditioning), and Shanghai & Arabian Electromechanical (elevators), has contributed to its fast-tracked progress. Furthermore, the rapid development of the project is being mirrored by the master developer’s aggressive work on DSO’s infrastructure.

“As we inch closer to the delivery of this unique commercial tower, we remain committed to our promise to our investors of a commercial space that will incorporate all the amenities to provide their business with the necessary edge and help them become more competitive and accessible to their customers,” said Ahmed Shaikhani, Managing Director, Memon Investments. “We have the highest confidence that ‘Cambridge Business Centre’ will be one of the most important addresses for both start-up companies seeking to establish new operations in the UAE and major players undergoing expansion.”

CBC will provide small, medium and large offices with a thematic design based on classic British architecture and fully equipped with technologically advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. The development will also house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop. Upon delivery, the 10-storey tower will offer a total built-up area of 160,000 square feet.

“We have designed CBC to offer the most sophisticated technologies, which will make business more convenient and efficient for commercial tenants. We are excited to finally hand over the units to our clients, who will certainly be able to immediately tell the difference of CBC in terms of facilities, accessibility and overall prestige,” concluded Shaikhani.

About Memon Investments LLC
Founded as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer’s intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group’s extensive real estate development experience, Memon Investments’ UAE portfolio comprises of prestigious residential projects including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and its inaugural commercial venture - ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness.

Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.