Friday 28 February 2020

Sharjah developer inks leasing deal with Spinneys, Starbucks

SHARJAH, January 26, 2020

UAE's newest developer Arada said it is all set to welcome top brands Starbucks, the worldwide coffee house company, and Spinneys, the Middle Eastern supermarket chain, after both brands signed agreements to lease retail space at the New Sharjah project, Nasma Residences, being developed by Arada.  

The Spinneys and Starbucks outlets will be based at Nasma Central, the project’s community and retail complex, which overlooks a lushly landscaped 13-acre park.

Featuring almost 44,000 sq ft of leasable space, Nasma Central will also include a Bright Education pre-school, a Health First pharmacy and an Emco Express laundry. The site will also feature the Arada Gym and Clubhouse, an 8,600 square foot centre for health and wellness that will include a swimming pool.

Sixty-five per cent of Nasma Central has now been leased out, with remaining spaces for F&B outlets, a medical clinic, a barber shop and beauty salon still to be confirmed. As well as serving the population of Nasma Residences, the complex will also provide support to local communities in both the Al Tay and Al Seyouh suburbs.

Arada has awarded the contract to build Nasma Central to Intermass Engineering and Contracting, the Sharjah-based company that is already working on the first four residential phases of Nasma Residences. The contractor began work in December, and the complex is scheduled to be completed in the third quarter of this year.  

Arada chairman Sheikh Sultan bin Ahmed Al Qasimi said: "One of our aims is to continuously increase the value of the homes in our projects, whether that is by introducing smart and sustainable business practices, increasing community offerings, or partnering with top-tier brands."

"We are delighted to welcome each of the new tenants in Nasma Central, and look forward to working with them to deliver a beautiful new community space for Sharjah," he stated.

Spread over a 5-million-sq-ft area in Al Tay suburb, the heart of New Sharjah, Nasma Residences hosts a wealth of amenities, including a GEMS international school and a 13-acre landscaped park. Other amenities include a mosque and two smaller community parks.

Located near the intersection of Emirates Road and Maliha Road, it has excellent connectivity with Dubai and the rest of the Northern Emirates.

Recent upgrades in road infrastructure close to the community have improved commute times to Dubai, while the recently opened Sharjah Mosque, the rmirate’s largest with a capacity for 25,000 worshippers, is just 3 km away.-TradeArabia News Service


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