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Asteco opens new corporate office in Dubai

DUBAI, September 22, 2014

Asteco, a leading real estate company in the Middle East, has opened a new corporate office in Rolex Tower in Dubai.

The company has registered a number of notable commercial milestones with a 30-year pedigree and has a high profile client list covering asset management, sales, leasing, valuation and advisory, sales management and owner associations.

John Stevens, managing director, said: “With Asteco set to celebrate 30 years of business in the Middle East in 2015, this was a calculated move designed to bring the team together under one roof as we embark on our next phase of development with the imminent launch of our franchise model in the region.

“Since 1985 we have held asset management responsibility for over 5,000 buildings, notched up total project sales of Dh12.3 billion ($3.3 billion) and successfully handed over 3,194 units, as well as leasing more than 10,500 homes,” he added.

The company currently manages a total of 350 developments with 7,500 units in three countries and has sold 13 million-sq-ft of projects, which accounts for 6,814 units purchased by 91 nationalities.

“Our network of regional offices in Abu Dhabi, Al Ain, Dubai, Sharjah, Jordan and Qatar are populated by an incredible international team of industry professionals, and this is one of our fundamental strengths as a leader in the real estate sector as evidenced by our solid performance over the years and long term relationships with investors, developers and tenants across all asset classes,” said Stevens.

“Nicholas White and the association management team have six years’ experience in administering this sensitive area of real estate management, and we are proud to say that we have a 100 per cent retention rate and over 90 per cent service charge collection rate across our instructed portfolio,” he added. - TradeArabia News Service




Tags: Dubai | Asteco | office | corporate |

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