CBRE becomes Meydan One's leasing services advisor

CBRE becomes Meydan One's leasing services advisor
Published: 6 November 2018 - 7:15 a.m.
By: Nikhil Pereira

Real estate advisor CBRE has been appointed as a leasing services advisor for Meydan One.

The firm was selected to support the Meydan One leasing department with its international reach and to provide on-going retail consultancy before and during the operation.

Located at the heart of the Meydan One residential community, the destination will house over 550 retail outlets – including a 13,200 m2hypermarket, 30 anchor stores and 80 flagship luxury stores – and 180 restaurants, located both indoors and outdoors.

Meydan One will also feature an Incubation District – a fully enabled plug-and-play facility for up-and-coming entrepreneurs in fashion, beauty, F&B and other sectors.

Anthony Spary, head of investor leasing, CBRE Middle East said: “This is the first appointment of its kind in the Middle East and we are extremely excited to be involved. CBRE has been appointed to both capitalise on our international reach, focusing on bringing new brands into the region, and our extensive capabilities in the local market, working with a variety of local and homegrown concepts from the UAE.”

The destination will also feature an 8.2km Crystal Lagoon with a 300m beach with a beach club and a lounge area. Meydan One will also provide the highest number of car parking spots per square meter in the UAE, with more than 12,000 spaces.

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