GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share

Colliers International named as the official management company for Tilal Mall during a high-level signing ceremony on the first day of Cityscape Global Dubai 2017

Sharjah, 12 September 2017:   Tilal Properties, a leading Sharjah-based real estate developer and the first to develop freehold and leasehold properties in the emirate, has unveiled sweeping expansion plans for its flagship retail project ‘Tilal Mall', as a part of its strategy to lead the emirate's booming property sector and provide the perfect destination for investors, residents, tourists and entrepreneurs.

The comprehensive range of updates involve increasing the area designated for construction from 256,000 square metres to 400,000 square metres and raising the total gross leasing area from 69,000 square metres to 115,982 square metres. The plans will also increase parking lots from 2,500 to 4,170 in the five-storey building.

The expansion plan, part of Tilal's intensive investment promotion strategy will draw even greater interest both domestically and internationally to the opportunities the mall offers.

The wide-reaching updates were revealed at an official signing ceremony between Tilal Properties and real estate giant Colliers International during the first day (Monday) of the region's most important and influential real estate event, Cityscape Global Dubai 2017, taking place from 11-13 September at Dubai World Trade Centre, where Tilal had a highly-significant presence, as it concludes its participation today (Wednesday).

Under the official contract, Colliers International has been assigned the task of reviewing the designs of the mall, providing leasing services and undertaking property management. Colliers International successfully leased and advised on more than 86 million square feet of retail destination developments across MENA region.

Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Tilal Properties, said: “The revised plans are a phenomenal opportunity for more investors to take part in one of the most prominent projects in the region. The agreement with Colliers International followed a comprehensive study, taking into consideration the real estate's requirements and market analysis and needs. Today's property market is witnessing a noticeable rise in demand, especially for this kind of sophisticated community and service project.

“We have chosen Colliers due to its vast experience as one of the leading companies in the development of retail projects on a local and global stage,” Sheikh Sultan bin Ahmed Al Qasimi added.   

He continued: “Tilal Mall is the largest shopping destination in Sharjah, designed to cope with the rapid growth of Sharjah city and its surrounding areas. This is why we opted to update the designs of the mall in order to maintain its individuality and its symbolism to the emirate, which is highly respected as a business-friendly environment for investment, given that Sharjah's real estate market has maintained its stability on the state level.”

On his part John D. Davis, Chief Executive Officer at Colliers International MENA said :“We are very pleased to partner with Tilal Properties ensuring a World - Class experience that will set new standards in the retail sector in the region.” 

From his side, Stuart Gissing, Regional Director of Colliers International Middle East, said: “Our company is one of the leading global commercial real estate companies and enjoys a great reputation and accumulated experience in developing retail destinations. On designing Tilal Mall, we mainly focus on creating a strong and unique design that ensures the giant shopping destination will play a prominent role in reaffirming the project's strength and significance and add value to Sharjah's bourgeoning retail sector, with a view to providing luxury services to the project's visitors.”

He added: “Colliers International looks forward to providing consultancy services relating to design, leasing, and the operations management of the project, in partnership with Tilal Properties. We are all confident that this partnership will be fruitful for both parties. '   

Strategically located on Emirates Road (E611), Tilal Mall will comprise 220 stores, 61 restaurants and cafés serving a variety of food and beverages, a hypermarket extending across 8,200 square metres, a cinema complex, a 3,200-square metre multi-section store, six small stores and three family leisure centres.

Once completed, Tilal Mall will become the most important and largest shopping destination in Sharjah where it will offer the necessary services to keep up with the exponential growth of Sharjah city and its nearby areas.



Posted by : GoDubai Editorial Team
Viewed 12529 times
Posted on : Tuesday, September 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Cityscape Global Awards for Emerging Markets Celebrate International Architectural Excellence
Next Story : Building Surge Highlights Changing Face of Investment in Dubai Real Estate – Al Msaddi
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HP ProBook x360 11 G3 and G4 Education Edition
Chrono 4 Grande Taille - an extra-special timepiece
PopSockets launches a new collection with crystals from Swarovski, the must-have...
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
Maintain Healthy Skin Year Round
Free gold coins at Malabar Gold & Diamonds Festival
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
MIDO Baroncelli Lady Day & Night collection
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
Newby Teas Launches Advent Calendar For Christmas 2018
The Interiors Gift Guide with Home and Soul
Tissot Chemin des Tourelles
Growth and inclusivity drive Avaya's channel strategy for 2019
Time For Enchanting Moments
Holiday Handbags | GUESS
BharatMatrimony launches office in Dubai targeting 2 Million Indians
Get Ready for Party Season with Lottie's new make-up hits
Festive Gift Sets from Bubble T
France Attractiveness Scoreboard 2018 Released
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Ring in a dazzling festive season at Ibn Battuta Mall
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
Michael Kors Collection Transeason 2019 Press Presentation
Dubai Customs wins 3 awards from Ideas UK 2018
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
FBMA and 47 Emirati women celebrate UAE National Day
Winter wool Christmas must- haves
Al Hosn Now Open to the Public
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Voting on UAE Superbrands 2019 Begins
Green Hope's November Advocacy
National Hospital offering special UAE National Day Health Package for AED 47th
It's a Wrap! The Second JLT Restaurant Awards Conclude with a Glitzy Ceremony At...
BMW Group sales increase in October
ICAEW recognises Middle East's best finance professionals
Raja Al Gurg is one of Forbes Magazine's 100 most powerful women in the world
No P-ain, No G-ain! Mega Musclemen Return to Dubai
Zayed Book Award Longlist Announced for ‘Young Author' Category (2018 - 2019)
Marina Mall sets new world record for Zayed legacy
Jury Announced for Epson's First Ever Win-A-Robot Competition in Europe, The Mid...
UAE Innovation Award is now accepting submissions till the 20th December 2018