{"id":1777,"date":"2016-01-17T17:29:42","date_gmt":"2016-01-17T10:29:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=1777"},"modified":"2016-01-17T14:41:54","modified_gmt":"2016-01-17T07:41:54","slug":"manazel-launches-retail-arm-to-manage-malls","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-launches-retail-arm-to-manage-malls\/","title":{"rendered":"Manazel launches retail arm to manage malls"},"content":{"rendered":"


\n
\nManazel Real Estate, an Abu Dhabi-based developer of affordable housing, has set up a subsidiary to operate and manage malls and retail units.The company said the subsidiary, Manazel Malls, will run its three storey, 60,000 square metre Capital Mall in Mohammed Bin Zayed City alongside retail areas in Al Reef and Al Reef 2. It will also run all of its future retail projects.Manazel said the retail business supports a strategy of diversification and growing non-cyclical revenues in areas related to properties. It said the unit could also potentially operate malls on behalf of third parties as well as those in its own developments. In the long it, it will also offer \u201can opportunity to potentially seek a listing\u201d for the division on the public markets.
\nManazel\u2019s chief investment and commercial officer, Waleid Gamal Eldien, said: \u201cIn line with our strategy, we are capitalising on our expertise in the residential and commercial real estate sectors by launching Manazel Malls to manage all of our retail assets.\u00a0 \u201cWe have built an experienced team of executives to run this subsidiary and to ensure optimal performance while driving recurring revenue streams across our real estate assets.\u201d
\nHe added: \u201cWe look forward to reporting on further developments in due course.\u201dmfahy@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Manazel launches retail arm to manage malls<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Manazel Real Estate, an Abu Dhabi-based developer of affordable housing, has set up a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-1777","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sF","jetpack-related-posts":[{"id":23069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-first-half-profit-weighed-by-reorganisation-and-staff-costs-at-abu-dhabi-developer\/","url_meta":{"origin":1777,"position":0},"title":"Manazel first half profit weighed by reorganisation and staff costs at Abu Dhabi developer","date":"August 16, 2016","format":false,"excerpt":"\r Company reorganisation and staff costs ate into first half profits at Abu Dhabi-based property developer Manazel Real Estate.For the six months of 2016, profits at the developer which built Abu Dhabi's mid market Al Reef compound fell 30.5 per cent to Dh31.2 million, down from Dh44.9m a year earlier.In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-manazel-real-estate-approves-bonus-share-after-29-profit-rise\/","url_meta":{"origin":1777,"position":1},"title":"Abu Dhabi developer Manazel Real Estate approves bonus share after 29% profit rise","date":"April 26, 2016","format":false,"excerpt":"\r Manazel Real Estate shareholders approved the distribution of a 4 per cent bonus share after the Abu Dhabi developer reported a 29 per cent rise in full year profits to Dh195 million.The developer said the growth in earnings was driven by a restructuring strategy started in 2014. Revenues were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-manazel-real-estate-approves-bonus-share-after-profit-rise\/","url_meta":{"origin":1777,"position":2},"title":"Abu Dhabi developer Manazel Real Estate approves bonus share after profit rise","date":"April 26, 2016","format":false,"excerpt":"\r Manazel Real Estate shareholders approved the distribution of a 4 per cent bonus share after the Abu Dhabi developer reported a 29 per cent rise in full-year profit to Dh195 million.The developer said the growth in earnings was driven by a restructuring stra\u00adtegy started in 2014. Revenues were flat\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52009,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-makes-further-cuts-to-planned-jordan-development\/","url_meta":{"origin":1777,"position":3},"title":"Manazel makes further cuts to planned Jordan development","date":"April 16, 2017","format":false,"excerpt":"\r Abu Dhabi-based Manazel Real Estate said it has reduced for the second time the number of homes in its long-awaited housing project in Jordan, its first outside the UAE, because of \"market feedback\". In a statement to the Abu Dhabi bourse, Manazel said it will be marketing 1,253 apartments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-based-manazel-real-estate-reports-29-per-cent-profit-hike\/","url_meta":{"origin":1777,"position":4},"title":"Abu Dhabi-based Manazel Real Estate reports 29 per cent profit hike","date":"February 15, 2016","format":false,"excerpt":"\r \r Abu Dhabi-based developer Manazel Real Estate saw its net profit increase by 29 per cent to Dh195 million in 2015, despite posting flat revenues of Dh740m.The company said that profit increased following a restructuring of its operations, which began in 2014, and through diversification efforts to create more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43381,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manazel-plans-major-tourism-project-in-ghantoot\/","url_meta":{"origin":1777,"position":5},"title":"Manazel plans major tourism project in Ghantoot","date":"February 8, 2017","format":false,"excerpt":"\r Manazel, the property company that built Abu Dhabi's mid-market Al Reef development, said that it plans to press ahead with a tourism venture in Ghantoot on the Dubai border. In a statement to the Abu Dhabi bourse, Manazel said yesterday that it was preparing to launch a tourism project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/1777"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}