Thursday, July 02, 2009

Deerfields commences construction work on mixed-use project

Deerfields Town Square, the flagship project developed by MBI, an Abu Dhabi-based venture with major stakes in real estate and construction, has commenced work on their mixed-use project.

The leading international architectural firm RMJM has been appointed as the Lead Design Consultants for the Deerfields project. RMJM will also work towards implementing changes to the facade, interiors and landscape design of the mall.

The initial ground work and de-watering process has begun, and the building contractor will be announced soon. This marks a new phase in the development of the project.

Located at Al Bahia in Abu Dhabi, and spreading across 220,000 square meters, the Deerfields Town Square project is hoped to be ready by second quarter of 2011.

The General Manager of Deerfields Town Square, Banu Tas, mentioned that the ground-breaking ceremony has taken place, and the project is moving towards its first phase of construction.

The Director of RMJM, Tim Baker mentioned that his company is offering design consultancy for the project, so that the entertainment, shopping, dining, recreation and hospitality venues all come together under a single roof, in a manner so as to offer residents and visitors high quality experience.

Early this year, MBI had entered into an agreement with Carrefour hypermarket mandating a 20-year lease deal. This anchor shop of the French retail giant will span across an area of 10,000 square meters at the Deerfields Town Square project.

Colliers International, the globally renowned retail consultant, will have about 200 retailers from medium to upscale brands, anchor shops, food courts, retail chains, casual and fine dining restaurants, and coffee shops, accounting to almost 80 percent of the development.

MBI is a major investment company specializing in real estate and construction, infrastructure and other industrial ventures.

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