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Austrian Embassy signs lease on Sorouh tower

Abu Dhabi, March 29, 2011

The Austrian Embassy in Abu Dhabi has signed a 10-year lease for commercial office space in Sky Tower, part of a project developed by Sorouh Real Estate, the Abu Dhabi-based real estate company.

The 74-storey Sky Tower and 65-Storey Sun Tower are the two tallest buildings in the Shams Gate District, a cluster of eight towers located at the entrance of Shams Abu Dhabi on Al Reem Island in Abu Dhabi.

“We are absolutely delighted with our new office space,” said Dr Julius Lauritch, the Austrian Ambassador to the UAE.

“Shams Abu Dhabi is a fantastic location for our new embassy, due to its proximity to central Abu Dhabi and the up-and-coming central business district. It was very clear to us that Shams Abu Dhabi will be the location of choice in the capital. Sky Tower itself has been completed to an excellent standard and offers a good amount of parking space for our staff and visitors,” he added.

Abubaker Seddiq Al Khouri, managing director of Sorouh, said: “Sun and Sky towers are landmark projects both for Sorouh and for the city, as they are also the first Grade A buildings in Abu Dhabi’s new investment zone on Al Reem Island.”

“Despite challenging market conditions, today’s announcement is testament to the fact there is still a significant demand for high quality real estate in desirable locations in Abu Dhabi.”

“Sorouh strives to remain competitive in terms of price, and also offers flexible terms to its customers as well as the opportunity for tenants to offset their rentals against the purchase price for office space in Sky Tower,” he added.

“It is a pleasure and honour for us to have signed such a prestigious tenant as the Austrian Embassy and we are also in discussions with a number of other high-profile potential tenants, including governmental departments as well as other diplomatic missions,” Al Khouri concluded. – TradeArabia News Service




Tags: abu dhabi | Al Reem | lease | Sorouh Tower | Austrian Embassy | Sky Tower |

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