CSG.L Regulatory News (CSG)

9 Dec 2009 07:00



NEWS RELEASE

9th December 2009

Cyril Sweett Group plc

('Cyril Sweett' or the 'Group')

Cyril Sweett appointed on Tameer Towers iconic development in Abu Dhabi

Cyril Sweett is pleased to announce it has been appointed by Tameer Holding Investment LLC, a leading real estate developer in the Middle East, as the project quantity surveyors providing cost, contract, and commercial management services, amongst others, to act on its flagship development in Abu Dhabi.

Tameer Towers is mixed-use development featuring a signature commercial tower and four high end residential towers, and is envisaged to become the focal point of The Shams District on Abu Dhabi's Al Reem Island. The development encompassing 10 million ft2 has been designed by Gensler and has become an iconic development since the very early start.

Cyril Sweett has been appointed for Phase 1 of the Tameer Towers development consisting of one 62 storey and one 42 storey residential towers with additional villas and townhouses as base level. In addition the development will include retail outlets contained within the podium, basement car parking and deluxe serviced apartments overlooking a vibrant canal promenade and marina. 

Mr. Federico Tauber, President of Tameer Holding Investment commented: "Cyril Sweett has provided cost consultancy on a number of mixed use developments schemes throughout the world and we are confident that this expertise coupled with their regional knowledge and experience will be extremely beneficial in ensuring that Tameer Towers is delivered within budget."

Richard Kingston, Managing Director, Middle East, Africa & India region at Cyril Sweett added: "We are delighted to be working with Tameer in developing such a prestigious project, which will be a striking addition to the existing skyline of Shams Abu Dhabi. We will apply our expertise and collaborate with the team to ensure that the project is delivered on time, to budget and to the highest appropriate level of quality.

The Group is currently working on other mixed-use developments including Yas Island in Abu Dhabi, the Trinity scheme in the UK and Marina Bay Sands in Singapore.

- Ends -

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Notes to Editors 

About TAMEER

Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, Tameer Holding Investment L.L.C. (TAMEER) emerged with an ambitious vision of developing as one of the most trusted brand name in real estate. TAMEER's commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the early pioneers in the fast expanding regional market.

TAMEER has experienced rapid exponential growth, increasing from a handful of dedicated individuals in 2005 to a multitalented team of professionals today, simultaneously cultivating its project portfolio to several landmark developments in the UAE, the GCC and the greater MENA region. 

Selecting the most prestigious and premium locations, TAMEER's landmark developments include the iconic Tameer Towers, at Shams Abu Dhabi on Al Reem Island and Princess Tower in Dubai Marina, one of the world's highest residential structures.