imall Sharjah, UAE Leasing Information Pack

Transcription

1 imall Sharjah, UAE Leasing Information Pack

2 Introduction PROJECT ESSENTIALS imall is a value shopping mall with a focus on value fashion and electronics. The property was developed by Nice Home Real Estate and opened to the public on 30 June The mall is located on Gernata Street, facing onto the main highway Al Etihad Street, in the Al Nahda area of Sharjah, close to the Dubai- Sharjah border. Project Details Developer Project Name Nice Home Real Estate imall The property comprises: basement parking level; ground level with parking at the rear, lobby, retail units facing Al Etihad Street; three levels of retail units. Key tenants at the mall include a Burger King / Texas Chicken QSR unit on the ground floor and a Joanna Department Store on the second and third floor. There is a small foodcourt and an FEC on the third floor. Project Location Coordinates BUA (m²) 11,612 6 Gernata Street, Al Nahda, PO Box 22176, Sharjah, UAE 25 18'07.2"N 55 22'01.5"E GLA (m²) 6,010 Retail Levels G+3 Parking 144 Project Commencement Opened 30 June

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4 Site Analysis KEY FINDINGS imall is an existing and operational shopping mall located in the Al Nahda area on the E11 / S113 Al Etihad Street, one of the main arterial roads in Sharjah. The mall has a main customer vehicular entrance with covered parking to the west of mall and a paved uncovered parking area in front of the main entrance (north side). Accessing the mall s covered parking facility from the south via the E11 / S113 Al Etihad Street requires visitors to first pass the mall before proceeding to turn right on to 12 th Street and return along Gernata Street. Accessing the covered parking from the north via Al Taawun Street also requires visitors to first pass the mall along Al Nahda Street before turning around on Taliatel Street and returning along Bukhara Street. Therefore it must be noted that clear local road signage and directions along these routes will be a necessity as access is indirect. Direct access to the mall s covered parking via the E11 is possible but requires visitors to use an uneven dirt road, which is shared with the Burger King Drive-Thru. It must be noted that this can potentially create traffic congestion as there is no dedicated slip road off the E11 to access this parking entrance. This can also negatively influence visitors decisions to visit imall. With only one single lane entry point to the mall s covered parking at present, we suggest a traffic study is conducted in order to identify ways to optimise the visitor and servicing access and egress routes. The location of imall allows for excellent visibility from the E11, which can be beneficial for advertising and marketing purposes. 4

5 Site Analysis KEY FINDINGS The project is located in a rapidly growing neighbourhood surrounded by residential apartments. The local roads surrounding imall to the south, west and east are very narrow. As most outlets at ground level of neighbouring buildings are front loaded, delivery vans frequently clog up the traffic. There are several retail developments in close proximity to the site, including Sahara Centre and Ansar Mall. Details are explored in the Supply Analysis section. View to the west along Al Etihad Street (site on the left) View towards the east along Al Etihad Street (site on the right) 5

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8 Site Analysis CONTEXT SHARJAH DEIRA ISLANDS CITY CENTRE SHARJAH PROJECT SITE SHARJAH INTL. AIRPORT EXPO CENTRE SHARJAH UNIVERSITY CITY SAHARA CENTRE DUBAI INTL. AIRPORT 8

9 Site Analysis ROAD NETWORKS SHARJAH PROJECT SITE INDUSTRIAL AREA DEIRA 9

10 Site Analysis ACCESS SHARJAH PROJECT SITE ANSAR MALL SAHARA CENTRE AL MAMZAR AL NAHDA 2 ACCESS FROM NORTH ACCESS FROM EAST ACCESS FROM SOUTH 10

11 Site Analysis EGRESS SHARJAH ANSAR MALL PROJECT SITE SAHARA CENTRE AL NAHDA 1 EGRESS 11

12 FLOOR PLAN GROUND FLOOR 12

13 FLOOR PLAN FIRST FLOOR This is the current floor plan, the intention is to secure a single tenant to occupy the entire floor 13

14 FLOOR PLAN SECOND FLOOR 14

15 FLOOR PLAN THIRD FLOOR 15

16 KEY STAKEHOLDER The creation of shopping centres that generate strong returns for the investors and profitable sales for the retailers is at the heart of McARTHUR + COMPANY s approach to shopping centre and mixed-use development, leasing and operations advisory. Nice Home Real Estate established in 2003 to keep up the fast growing market of real estate in U.A.E. because of its great attractions. Nice Home provide the clients with the best services for all projects which is under company Supervision such as flats, offices, shops, showrooms and sheds. We always care to choose the best quality materials for our projects and design bigger and comfortable space with luxury and comprehensive services. The properties we handle for the management, rent or investment chosen carefully and our special experienced supervision provide the clients with the continues maintenance service and the legal measurements and so many other services marked the launch of McARTHUR + COMPANY with the opening of office in Dubai, UAE. Since that time the firm has provided valuable strategic advice and leasing and management services to projects in the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, Jordan, Oman, Iraq, Lebanon, Egypt, Iran, India, Azerbaijan, South Korea, Monaco as well as USA and Canada. Today McARTHUR + COMPANY boasts a talented team of over 30 industry professionals with decades of shopping centre development experience in North America, Europe, South Africa, Malaysia and the Middle East. Our strategy is to add real financial value to each retail development project. Our team is well experienced in shopping centre investment, finance, development planning, retail leasing and management and marketing. 16

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