Schn Properties Delivers 1.6 Million sq. ft. Schn Business Park Project
Schn Properties, one of the leading property developers in Dubai with a current property portfolio of AED 7 Billion, has proudly delivered its newly completed project, Schn Business Park. The company held a ceremonial ribbon cutting for the new development yesterday (December 16, 2015) and was attended by leading dignitaries and guests.
Schn Business Park was developed with a concept that aims to meet the demand for a flexible, open-planned, cost effective office and retail space in Dubai. The park features facilities that offer occupants and users an innovative and profitable experience, such as two basement levels with 1,300 car parks; a ground floor exhibiting over 72 retail outlets catering to the food & service industry and three floors of 304 sizable offices. The business park, which comprises over 1.6 million square feet, has been strategically positioned as an ideal venue for countries that will be participating in Expo 2020. The Park is located approximately five kilometres from the recently opened 160 million passenger Al Maktoum International Airport (AMIA) and Jebel Ali Port. These key locations coupled with the access of three main highways (Sheikh Zayed Road, Mohammed Bin Zayed Road and Al Khail Road), are expected to help drive in more interest to the newly opened business facility.
This project completion marks the start of the journey to EXPO 2020. We are pleased at the opening of our iconic project, Schn Business Park, which offers a successful blend of leading corporate offices and world-class global food and retail brands, said Orkhan Salamov, VP Corporate Communications, Schn Properties. EXPO 2020 is creating immense commercial demand next-door, attracting over 25 million visitors and creating over 290,000 jobs over the next four years. With the completion of this project, Schn Business Park will receive the first mover advantage to cater to EXPO 2020 requirements. We would like to thank the Real Estate Regulatory Authority, Dubai Lands Department, our investors and our staff in achieving this significant milestone of delivering 1.6 million square feet.
Additionally, Schn Business Park exhibits a contemporary approach in the characteristic build-up of the project. The new facility comes equipped with 14 elevators and an efficient district cooling system, which consists of 175 fan coil units exclusively serving the 600 units and common areas to ensure optimum comfort for the occupants. A total of 4,581,750 kilograms of steel and 30,000 cubic meters of concrete were utilized in creating the building. Moreover, the project incorporates over four open skylight areas and corridors that stretch to a substantial length of 1.8 kilometres per floor.
We are pleased to hand over this project, which due to its sheer size, is equal to over 30 projects. With most of our development portfolio catering to this significant event in Dubais history, our investors and purchasers are poised to make significant gains in the up-coming years. The Project at full occupancy will facilitate over 5,000 persons, concluded Salamov.
