kizad offers larger warehouses
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Kizad offers larger warehouses

Arab Today, arab today

Arab Today, arab today Kizad offers larger warehouses

Abu Dhabi - Arabstoday

Abu Dhabi’s Khalifa Industrial Zone, which is located in Taweelah on Dubai highway has invited firms to book the pre-built warehousing it is developing on the four square kilometres of land. The modern ware houses will be built in the industrial zone, which is located next to the Khalifa Port where large industries are being setup. There will be 105 units spreading over 109000 square meters of area for non free zone tenants while 110,000 square meters of warehousing will be built for free zone investors. The two projects will have an assets value of over Dh600 million on completion, said Charles Acworth Senior Manager Real Estate at Khalifa Industrial Zone Abu Dhabi or Kizad, in a briefing Tuesday. He said construction will be gin at the end of summer and tenants will get possession in the first quarter of the next year. The project is being developed as a cluster in the phase one of the Kizad next to the deep water container port, and within a few minutes’ drive of both the E11 and the extension of the E311 Emirates Road. Phase 1 of the zone, which will cover 51 sq km and will cost Dh26.5 billion, is set to open in September this year. Being only 35km away from Abu Dhabi International Airport, 52km from the new Al Maktoum International Airport, 60km from the capital’s city centre, and 45 km from Dubai’s Jafza, the warehouses will be ideally located.   Acworth said the firms operating out of Abu Dhabi and Dubai have so far shown interest in the facilities, as it will make available much needed larger storage spaces. Warehousing facilities are offered by the Logistics City at Dubai’s Al Maktoum International Airport and the upcoming Abu Dhabi’s free zone next to its airport. However, Kizad’s proposition is different as it offers only large spaces to cater to a niche market at “very competitive” lease rentals, he said. He hoped to sign “someasignificant lease deals” shortly. Acworth was confident the first phase of the project will be leased out within this year. An occupier can lease a single unit of over 21,500 square meters, while in its non-free zone area the largest single block available is over 11,000 square meters.   Each of Kizad’s pre-built warehouse schemes will be developed in three phases: the first phase of each will comprise approximately 40,000 square meters of prebuilt warehouses with a mixture of modular units from 1,000 square meters. Each unit will include an office area; have flexible loading options and the ability to be fully air-conditioned or to include cold stores.

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