Abu Dhabi-based Finance House will build its headquarters at the prestigious Capital Centre development in the UAE capital.

The company has acquired a 34,500 sq ft plot for the purpose from Adnec.

At the signing ceremony for the acquisition of the plot, Mohammed Abdullah Alqubaisi, chairman of Finance House, said: “We are delighted to come to this premier development and be a part of Adnec’s grand plan of creating an integrated master development that is one of a kind in the region. In particular, we are immensely pleased with the location of the plot, which enjoys very high visibility and ready access from all the highways leading to the development.”

Commenting on the announcement, Ahmad Humaid Al Mazrouie, managing director of Adnec, said: “We are very pleased that Finance House has chosen Capital Centre as their location of choice. Capital Centre is one of the most significant economic development projects in the Gulf and has attracted world-class developers.

 “To turn our vision into a reality and become the hub for business tourism in the UAE, the success of Capital Centre relies on the contribution of our developers’ excellence in creating a thriving mixed use development to support the state-of-the-art exhibition facility. We look forward to watching Finance House development rise from the ground and become a landmark office tower for Abu Dhabi.”

The 90-m tower will have 285,000 sq ft of gross floor area of office space on a plot size of approximately 34,500 sq ft. In addition four basement floors are designated for car parking.

The design concept will be striking and modern, yet appropriate for the location, and incorporate environmentally responsible features, a statement said. - TradeArabia News Service