Cityland Mall Newsletter: July Issue

EXPERIENCE THE NEW WORLD OF RETAIL-TAINMENT

N E W S

L E T T E R

July

2017

Cityland Group secures term loan of USD 142.74 million for construction of Nature-Inspired Cityland Mall Emirates NBD and Burgan Bank form bank consortium behind financing deal

From Left to Right: Mr. Syed Naved Murtaza - Head of Commercial Real Estate - Wholesale Banking, ENBD, Mr. Fahimuddin Sharfuddin - CEO and Board Member, Cityland Group, Mr. Abdel Naser Rahhal, Vice Chairman and Board Member, Cityland Group, Mr. Dany Noujaim - Senior Executive Officer, Burgan Bank Financial, DIFC

Cityland Group

announced a major financing milestone for the USD 330 Million flagship retail project Cityland Mall - from a consortium of banks consisting of Emirates NBD as the lead bank and Burgan Bank from Kuwait.

The loan, which totals USD 142.74 million in value, will be utilized for covering the ongoing project cost in terms of construction for Cityland Mall which will be the only major destination mall opening in 2018 in Dubai.

Fahimuddin Sharfuddin, Chief Executive Officer and Board Member, Cityland Group

“Securing this term loan from Emirates NBD and Burgan Bank is a significant development and signifies their confidence in the overall concept of Cityland Mall and the capabilities of the group.

With construction work well under way in addition to having the commitment of leading regional retailers, we are pleased with the overall momentum on

the project and look forward to being on track to hit our project milestones in order to open our doors to the public in 2018.”

Salah Mohammed Amin, General Manager Corporate Banking Group, Emirates NBD said: “We are delighted to be associated with this unique project that is strategically located and look forward to its official unveiling in 2018.

Cityland Mall project is a fresh proposition that is expected to stand out in Dubai’s existing retail landscape and become a sustainable venture that generates stable revenues.

Ahmed Al Qassim, CEO, Emirates NBD Capital said: “We are proud to be part of this landmark project which will be another addition to Dubai’s retail offering, reemphasizing Dubai’s position as the top retail destination in the region.“

Mr. Raed Al Haqhaq, Deputy Chief Executive Officer-Kuwait of Burgan Bank, Kuwait stated: “We are pleased to be part of this mega one-of-a-kind ‘Cityland Mall’ project, which is

the world’s first ‘nature-inspired’ shopping destination providing a unique sensory experience for shoppers.”

He added: “Burgan Bank continues to support its clients in fulfilling their milestones in executing their strategic projects that in turn enhances the development of communities across the region.”

Leasing in Progress 30% retail space has successfully signed in total of 1.2 million square feet mall project In terms of leasing arrangements, agreements are already in place with operators for 30 percent of the leasable space available.

Cityland Mall will eventually have 350 stores built around six continent-themed pavilions.

Hypermarket and supermarket chain Carrefour, operated by Majid Al Futtaim will open a 100,000 sq.ft. which is set to be the largest in the Dubailand area, will cater to the growing residential communities surrounding the mall, which is located next to Global Village. It will also be a key element of Cityland Mall’s retail and shopping attractions for visitors.

With the entertainment district we are delighted to have VOX Cinemas to open a 4,132 square meters in floor space and house 10

an assortment of video games, skill-enhancing games, redemption games and ‘kiddie rides’.

Many of the regional leading fashion brands are in extensive discussions to open in Cityland Mall.

Recent signings in fashion include an impressive For Leasing opportunities, contact us at cityland@mcarthurcompany.com stable of brands from the screens. Boasting three of and games. Fabyland will Armada group including a VOX Cinemas signature occupy close to 35,700 flagship Riva and Choice concepts, moviegoers will square feet of floor space shops. have the choice to watch and offer a variety of popular some of the latest block- attractions, such as Family Cityland Mall is being buster movies in MAX, Swing, XD Dark Ride, recognized as a perfect to bring GOLD or KIDS, each offer- Bumper Cars and an interac- opportunity ing cutting-edge audio-vi- tive soft play area. It will also convenient shopping and sual immersive technology house an ‘Action Zone’ great brands to this exciting With over and unmatched innovative infused with Virtual Reality attraction.

200,000 residents in the cinema experiences.

(VR) technology, as well as trade area, an ‘Adventure Zone’ where immediate And ofcourse Fabyland as competitive games will be currently under served by its official family entertain- inspired by adrenaline-fu- regional malls, we are ment provider, a ‘futuristic’ eled activities like climbing, confident Cityland Mall will family entertainment jumping, sliding and free fall. become the preferred mall destination that has a wide Enthusiasts of arcade games of choice in the rapidly growing Dubailand district. variety of compelling rides will also enjoy

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Engineering:

Retailers Update

Cityland Mall welcomes another addition to the fashion retail world

Armada Group joined Cityland as one of a leading brand in Fashion industry

Many of the regional leading fashion brands are in extensive discussions to open in Cityland Mall. Recent signings in fashion include an impressive stable of brands from the Armada Group including a flagship Riva, Choice, Machka, Ipekyol, Twist, Lily and Goelia.

Armada group is a family owned clothing and Accessories Company, founded in Kuwait in 1973 by Al Tahan Family. Armada has grown from a single fast fashion store into a successful, globally recognized chain that carries renowned luxury and fast fashion brands. Today the company operates more than 15 brands with about 140 stores and across a wide range of sectors, offering consumers the latest recognized names in Fashion, Accessories, and Food. We provide fashion and food for women, men, teenagers and children, our products are available in monobrand stores around the Middle East countries.

Since its establishment 100 years ago FAYENDRA is interested in the creative choice of everything that is new in the world of fine jewelry in order to satisfy the Common sense.

"We are confident that Cityland Mall will be one of the best malls in the area in terms of location and accessibility. The presence of the Central Park and the architectural design will be biggest element that is why we are convinced that the people prefer to visit Cityland Mall than the other shopping malls." - Ahmed Maharsi - Area Supervisor, Abdallah Fayed Jewelry 3

Every Fayendra product – whether a piece of jewelry, a watch, a fragrance or an accessory – has been stringently checked to ensure that it upholds the Fayendra tradition of craftsmanship and is perfectly faithful to the sensitivity and intentions of its creator.

Engineering:

Construction on Track Construction work on the 2.2 million square feet mall complex is well under way

MEP MEP works such as slab cutting, cable tray and trunking works, provision of support for AHUs and water supply pipes, underground drainage works, AHU checking and cleaning and dismantling of MEP services are continuing in different areas across the project. External drainage and utilities works are also well under way.

Structures and Civil Works Structural steelwork erection is well underway to the new Hypermarket and Secondary Entrance areas, with the extensions t o Pavilions 3 and 4 due to commence in the next two weeks. Elsewhere, foundation works continue to the Central Atrium, Main Entrance, Cinema and FEC areas.

Procurement All structural steelwork design work is now complete and currently undergoing final DM approvals. The team’s focus has now been placed on finalising the substantial glass and aluminium façade package, which will involve a quality control visit to the supplier’s manufacturing facilities in China, to ensure the project specifications and quality standards are achieved. Ongoing MEP procurement includes long lead HVAC and Electrical equipment.

Our major partners: CONTACT Cityland Real Estate Development A Company of Cityland Group

Leasing cityland@mcarthurcompany.com Developer mail@citylandmall.com Our Mailing address is: P.O. Box 181157, Dubai, U.A.E. Tel: +971 4 341 8583, Fax: +971 4341 8159

@CitylandMall www.citylandmall.com

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