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Gulf Related unveils dynamic vision for world-class retail destination — Sowwah Central
Announcement of 48 additional international fashion brands solidifies The Galleria at Sowwah Square, opening in August 2013, as Abu Dhabi’s leading luxury retail destination Abu Dhabi, 28th January, 2013: Regional development company, Gulf Related, today unveiled the vibrant vision for Sowwah…
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A new era of luxury shopping arrives in Abu Dhabi as The Galleria opens on Al Maryah Island
Abu Dhabi’s retail landscape is set to be redefined by the opening of The Galleria, a new 33,000 sqm (GLA) luxury shopping and dining destination developed by Gulf Related and Mubadala. Featuring more than 100 of the world’s most renowned retail outlets, The Galleria brings a new era of stylish and…, About The Galleria, : The Galleria Al Maryah Island is a luxury shopping and dining destination with a stunning waterfront promenade located in the heart of Abu Dhabi. With more than 130 shops under one roof, The Galleria will feature a mix of high-end retailers and licensed and unlicensed chef-driven restaurants and…, About Gulf Related, : Gulf Related is a regional real estate development company focused on retail, residential and high-end mixed-use real estate developments in the Middle East. Gulf Related represents a joint-venture between Gulf Capital, one of the Middle East's leading alternative asset management firms, and…, About MREI, : Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company PJSC, operates as an equity partner and asset manager, focusing on social infrastructure projects and Real Estate investment opportunities, both within the UAE and overseas. The unit develops…
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The dawn of a new fashion era—a showcase of style enchants guests in a night of glitz and glamour
The Galleria on Al Maryah Island, Abu Dhabi’s new luxury shopping and dining destination, last night hosted the glamorous event The Galleria: A Showcase of Style which revealed the district’s unrivalled offerings. Anchored by the most prestigious names in fashion and jewellery, The Galleria has…, About The Galleria, : The Galleria on Al Maryah Island is a luxury shopping and dining destination with a stunning waterfront promenade located in the heart of Abu Dhabi. With more than 130 shops under one roof, The Galleria features a mix of high-end retailers and licensed and unlicensed chef-driven restaurants and…, About Gulf Related, : Gulf Related is a regional real estate development company focused on retail, residential and high-end mixed-use real estate developments in the Middle East. Gulf Related represents a joint-venture between Gulf Capital, one of the Middle East's leading alternative asset management firms, and…, About MREI, : Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company PJSC, operates as an equity partner and asset manager, focusing on social infrastructure projects and Real Estate investment opportunities, both within the UAE and overseas. The unit develops…
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Mayor Bloomberg, MTA officials and local leaders take first ride on 7 Subway Train Extension
Mayor Michael R. Bloomberg, MTA officials and other local leaders today took the first ride on the extension of the 7 Subway line, terminating at the new subway station located at 34th Street and Eleventh Avenue in Manhattan. The 7 Subway Extension is the first extension funded by the city in more…
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Related Companies and Oxford Properties Group commence construction on Hudson Yards Eastern Platform
Related Companies and Oxford Properties Group today announced that construction on the Hudson Yards Eastern Platform has commenced and that more than seven million square feet of development will be underway by year’s end. Construction on 10 Hudson Yards, home to Coach Inc., L’Oreal USA, SAP and…, About the Hudson Yards Platform:, To complete the 28-acre Hudson Yards development, two “platforms” must be constructed to bridge over 30 active Long Island Rail Road (LIRR) train tracks, three subsurface rail tunnels utilized by Amtrak and New Jersey Transit, and a fourth passageway, the Gateway tunnel, currently under…
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NYU CUSP, Related Companies and Oxford Properties Group team up to create "first quantified community" in the United States at Hudson Yards
New York University’s Center for Urban Science and Progress (CUSP) today announced that it will partner with Related Companies and Oxford Properties Group to create the nation’s first “Quantified Community”—a fully-instrumented urban neighborhood that will measure and analyze key physical and…, About New York University’s Center for Urban Science & Progress:, CUSP is an applied science research institute created by New York University with a consortium of world-class universities and the foremost international technology companies to address the needs of cities. At the heart of its academic program, CUSP will investigate and develop solutions to the…, About Hudson Yards:, Hudson Yards, developed by Related Companies and Oxford Properties Group, is the largest private real estate development in the nation’s history and the largest development in New York City since Rockefeller Center. Hudson Yards will be a hub of connectivity, community, culture and creativity. It…
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New report details substantial economic impact of Hudson Yards development
Related Companies and Oxford Properties Group today released a report outlining the substantial economic impacts of the 28-acre Hudson Yards development on the New York City economy. Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross…, New York City impact:, Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross Domestic Product, accounting for 2.5 percent of the citywide GDP. Hudson Yards will also contribute $477.3 million in annual City tax revenues. During the estimated 13-year construction…, Capital contributions to the MTA:, No project in New York City’s history has contributed or will contribute as much to the MTA as Hudson Yards, with the agency receiving $1.784 billion in revenues during the development and construction of the project. In addition, upon completion, Hudson Yards will contribute $89.3 million annually…, Modernizing New York City's commercial office space and improving global competitiveness:, More than 64 percent of the City’s office space is currently in buildings that are at least 50 years old. The development of Hudson Yards is one of New York’s most important responses to the demand for new office space to keep New York competitive with other global markets. Hudson Yards will bring…, Regional impact:, While the economic impact of Hudson Yards may be concentrated in New York City, many other communities from across the country have benefitted and will benefit as well. The materials used to construct the Eastern Rail Yard, for example, have been sourced from nearly every state across the country.…, About the 28-acre Hudson Yards Development:, Related and Oxford’s Hudson Yards is the largest private real estate development in the nation’s history. The site, which spans from 30th Street to 34th Street between 10th and 11th Avenues and 30th Street to 33rd Street between 11th and 12th Avenues, will include 17 million square feet of…, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired…
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Related and Oxford complete $2 billion capitalization of 35 Hudson Yards
Related Companies and Oxford Properties Group today announced the $2 billion full capitalization of 35 Hudson Yards, the 1.1-million-square-foot tower on the corner of 33rd Street and 11th Avenue set to open in 2019. The tower’s full capitalization includes $1.2 billion in debt financing led by the…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional…
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