Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, and Brookfield Property Partners announced the groundbreaking of ICD Brookfield Place, a 1.5 million square foot office and retail development located in the Dubai International Financial Centre district (DIFC). ICD and Brookfield have agreed to form a joint venture partnership to develop ICD Brookfield Place on which construction will commence immediately.

The state-of-the-art development designed by world-renowned architects Foster + Partners includes a 53-storey tower with over 900,000 square feet of Grade A lettable office space. The top three levels of the tower will comprise the exclusive sky view suites, a crowning feature of the landmark building. ICD Brookfield Place is expected to be completed in 2018 with a valuation in excess of US$1 billion.

Best-in-class shopping, dining, fitness, and private club facilities will fill an adjacent five-story, 150,000-square-foot retail center fronting Al Sa’ada Street featuring multiple terraces and an open garden on the top level with uninterrupted views of Burj Khalifa.

The office tower and retail building will be connected by large, architecturally striking pedestrian pathways with seven underground levels of car parking to accommodate 2,700 vehicles.

Framed by fine dining restaurants and a chef-driven food emporium, the 31-metre-high, 18,000-square-foot landscaped public area will showcase a range of arts and cultural events that are a hallmark of Brookfield Places around the world, including the award-winning programs at Brookfield Place New York, Toronto and Perth. A new retail connection and public garden will link the food emporium and public realm at ICD Brookfield Place to the existing DIFC gate precinct.

JLL and CBRE are acting as the joint leasing agents for ICD Brookfield Place.

Source: http://www.brookfieldpropertypartners.com/


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