Dh1b Mixed Use Green Building Launched

A subsidiary of Bahrain-based International Investment Bank (IIB) and Abu Dhabi’s United Friends Company (UFC), the new company Connection Real Estate plans green construction project.

The levelling work on project site has already started while the construction work on 21-storied twin tower complex will be completed by the first quarter of 2011,” said Aabed Al Zeera IIB’s CEO, at a Press briefing on Tuesday.

The Eco Towers, named for their eco-friendly positioning, will provide retail space, modern facilities and luxurious Grade-A quality finishing while adhering to environmentally sensitive standards.

The Eco Towers project being developed on the prestigious Danat Abu Dhabi has one tower for office spaces while the other one is will house up-scale apartments.

The luxury project will be built on 30 per cent equity and remaining debt for which negotiations are underway with regional banks.

This unique residential and commercial property also personifies the compatibility between value driven principles and a multi-faceted approach to green construction, according to a Press release.

· haseebhaider@khaleejtimes.com