Sunday 19 May 2024

Markaz sets up e-vehicle charging stations at Kuwait properties

KUWAIT CITY, May 22, 2021

Kuwait Financial Centre (Markaz) said it has successfully installed electric vehicle charging stations at its properties - Al Nada Tower in Dasman and Al Maha Tower in Bneid Al Gar - in Kuwait.
Located in the heart of Dasman, Al Nada Tower is a 27-floor high-end residential tower overlooking Gulf Road. Similarly, Al Maha Tower, situated in Bnaid Al Gar, has 22 floors with spectacular views. 
Both are ideal destinations due to their strategic locations near the city centers, trade zones and famous shopping centers. 
A leading asset management and investment banking institution, Markaz said the charging stations located in dedicated parking spaces are operational and tenants can use the facilities free of cost.
These installations are in line with the growing trend for electric vehicle ownership in Kuwait, and to better serve the tenants’ needs. 
On the announcement, Khaled AlDousari, Analyst, Mena Real Estate, Markaz, said: "The installation of the charging stations reflects our commitment to delivering added value to our clients and enhancing the appeal and performance of our assets."
"Putting customers at the heart of our business, we develop commercial and residential real estate solutions that match the current and future needs of our valued tenants. We also attach great importance to making improvements to our offerings in line with new trends in the market and to the fullest satisfaction of our customers to maintain longer tenancy, lower turnover, and higher occupancy," stated AlDousari.
In keeping with this commitment, the company launched its second Sustainability Report in November 2020, covering the reporting period of 2018 and 2019. 
The report, which is in alignment with the United Nations Development Program’s Sustainable Development Goals and the Kuwait National Development Plan (KNDP), was aimed at measuring and evaluating its sustainability performance and reporting the results transparently to both its internal and external stakeholders. 
He pointed out that Markaz had placed sustainability at the heart of its business model and the electric vehicle charging stations at its properties.
"We hope the new facilities, which represent our contribution towards achieving net-zero carbon footprint in Kuwait through our smart, environmentally friendly, and sustainable properties, will inspire our tenants and our stakeholders to adopt electric vehicles and embrace renewable solutions to reduce carbon emissions," he added. 
One of its key units, Markaz Real Estate Fund (MREF) has achieved an annualised IRR of 7.61% and a total return of 6.42% since its inception in 2003. 
It currently owns 17 income-generating properties that are distributed between investment and commercial properties across Kuwait’s prime locations. 
Furthermore, MREF has a total assets under management of KD68 million (as of April 2021) and has developed two main projects (Al Nada and Al Maha Towers). 
These two towers feature superior amenities including rooftop infinity pools, fully equipped gyms, rooftop barbeque area, high-speed internet, 24/7 security services, landscaped gardens, and outdoor and indoor children play areas that enable kids to safely enjoy. 
These amenities offer tremendous possibilities for achieving comfort, security, an independent lifestyle and enhanced quality of life.-TradeArabia News Service


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