{"id":2058,"date":"2016-01-20T18:51:12","date_gmt":"2016-01-20T11:51:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=2058"},"modified":"2016-01-20T16:02:09","modified_gmt":"2016-01-20T09:02:09","slug":"work-begins-on-1bn-icd-brookfield-place-tower-in-difc","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/work-begins-on-1bn-icd-brookfield-place-tower-in-difc\/","title":{"rendered":"Work begins on $1bn ICD Brookfield Place tower in DIFC"},"content":{"rendered":"


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\nThe joint venture between Investment Corporation of Dubai (ICD) and Brookfield Asset Management has broken ground on its $1bn-plus ICD Brookfield Place tower within Dubai International Financial Centre (DIFC) district.The 53-storey, 282m-high tower, which has been designed by British architects Foster + Partners, will contain more than 900,000 sq ft of Grade A office space and will connect to an adjacent, 150,000 sq ft, five-storey retail centre. There will also be an 18,000 sq ft public realm area flanked by restaurants that will feature regular arts and cultural events, and the complex will have parking for 2,700 cars.
\nThe top three floors of the tower are being built as Sky View suites with internal gardens and the project has been designed with a view to achieving a LEED Gold sustainability rating. Brookfield Asset Management chairman Ric Clark said the site contains many of the features of other Brookfield Place schemes it is building in New York, Toronto and PerthThe main contract to build the project has been awarded to a joint venture between contractor Brookfield Multiplex and South Korea\u2019s Ssangyong Engineering and Construction. The building is expected to be completed in the fourth quarter of 2018, with the first tenants likely to occupy in early 2019.
\nICD\u2019s executive director and chief executive Mohammed Al Shaibani said that ICD Brookfield Place \u201cwill be a world-class development that enriches its surrounding area and significantly adds to the Dubai skyline\u201d.Mr Clark said that it was creating a state-of-the-art tower that was \u201csetting the benchmark for commercial property in the region\u201d.mfahy@thenational.aeFollow The National\u2019s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Work begins on bn ICD Brookfield Place tower in DIFC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The joint venture between Investment Corporation of Dubai (ICD) and Brookfield Asset Management has...<\/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-2058","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-xc","jetpack-related-posts":[{"id":2222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/icd-brookfield-scrapped-plans-for-distress-fund-to-build-difc-project\/","url_meta":{"origin":2058,"position":0},"title":"ICD, Brookfield \u2018scrapped plans for distress fund\u2019 to build DIFC project","date":"January 21, 2016","format":false,"excerpt":"\r Canadian asset manager claims scarcity of opportunity at the time as construction begins on ICD Brookfield Place\r \r Source : arabianbusiness.com\r Read more...ICD, Brookfield \u2018scrapped plans for distress fund\u2019 to build DIFC project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-in-dispute-with-developer-over-alleged-defects-in-the-gate-building\/","url_meta":{"origin":2058,"position":1},"title":"DIFC in dispute with developer over alleged defects in The Gate building","date":"August 7, 2016","format":false,"excerpt":"\r The Dubai International Financial Centre is involved in a legal confrontation with Brookfield, the Canadian developer, over alleged defects in the construction of The Gate building 13 years ago.Part of the open space beneath The Gate - used for ceremonial and social events and as a public thoroughfare -\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143541,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-icd-brookfield-place-sells-49-stake-in-record-uae-commercial-property-deal\/","url_meta":{"origin":2058,"position":2},"title":"Dubai\u2019s ICD Brookfield Place sells 49% stake in record UAE commercial property deal","date":"April 8, 2024","format":false,"excerpt":"\r ICD Brookfield Place is located in Dubai International Financial Centre (DIFC)\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s ICD Brookfield Place sells 49% stake in record UAE commercial property deal","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/04\/ICD-Brookfield-Place-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11884,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lack-of-prime-space-leads-to-rent-growth-in-dubai-office-market\/","url_meta":{"origin":2058,"position":3},"title":"Lack of prime space leads to rent growth in Dubai office market","date":"May 3, 2016","format":false,"excerpt":"\r Dubai is continuing to experience strong demand for prime office space, which is encouraging a wave of new developments in prime areas as demand outstrips supply, according to the property broker CBRE.The agency's first quarter report argued that the performance of the local economy meant that vacancy rates had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/work-to-begin-on-nakheels-dh1-4bn-palm-gateway-tower-project-in-dubai\/","url_meta":{"origin":2058,"position":4},"title":"Work to begin on Nakheel's Dh1.4bn Palm Gateway tower project in Dubai","date":"February 2, 2016","format":false,"excerpt":"\r \r Nakheel has awarded a contract to build the Dh1.4bn The Palm Gateway triple tower and beach complex above the Palm Gateway monorail station to a joint venture between Ssangyong Engineering & Construction (Ssangyong E& C) and China State Construction Engineering Corporation (CSCEC).The developer said that work on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/best-restaurants-in-icd-brookfield-place-dubais-most-elite-dining-destination\/","url_meta":{"origin":2058,"position":5},"title":"Best restaurants in ICD Brookfield Place: Dubai\u2019s most elite dining destination","date":"May 28, 2025","format":false,"excerpt":"\r Discover the top fine dining spots in ICD Brookfield Place \u2014 where business meets culinary excellence in DIFC\r \r Source : arabianbusiness.com\r Read more...Best restaurants in ICD Brookfield Place: Dubai\u2019s most elite dining destination","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/1920-ICD-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2058"}],"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=2058"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2058\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=2058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=2058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=2058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}