United Developers returned for a second year in a row to Cityscape Global, the Middle East’s most renowned real estate event, to showcase its USD 1.25 billion development, Place Vendôme. Currently underway in Lusail City, Qatar, Place Vendôme is anticipated to become the luxury, lifestyle and leisure destination for the region upon its completion, slated for third quarter 2017.
Recognized as the largest and most influential real estate investment and development event for emerging markets globally, Cityscape Global took place from the 8th to the 10th of September at the Dubai World Trade Center, UAE.
The stand, with its unique feature of 1,800 crystal drops, showcased two meticulous architectural models of the Place Vendôme development, detailing all the remarkable features of the project. Place Vendôme received great attention and praise from industry peers, architects, designers, governmental authorities and media that visited the stand to learn about the project.
Commenting on Place Vendôme’s successful participation, Mr. Sean Kelly, Project Director said: “We are delighted to return to the region’s largest real estate event. We see Cityscape Global as the ideal platform to connect with industry peers and stay connected to the latest developments in our sector. Over the past 3 days, we welcomed thousands of visitors and a large number of industry representatives who were updated and impressed by the progress of the project since last year’s event.”
Place Vendôme broke ground on the 17th of March 2014 and is well underway for its opening slated for third quarter 2017. Enabling works were completed with the excavation of 2 million cubic tons from the site, the installation of 5,300 foundation piles and the pouring of 250,000 cubic meters of concrete. The project is now advancing in its construction drawing significant progress on the hotel components and the levels of the retail space.
“Our return to Cityscape Global comes in line with our efforts to promote the progress of our project and reinforce confidence in Place Vendôme. We are committed to delivering the very best and most importantly, on schedule. We are delighted with the interest we continue to receive from regional and international brands recognizing the value that the project is bringing to the retail industry in the region. We envision Place Vendôme as the luxury, lifestyle and leisure destination for residents in Qatar and around the GCC.” Added Kelly
Since the regional announcement of Place Vendôme at Cityscape Global last year, United Developers have travelled around the world to promote the project and introduce it to the leading brands in the fashion and luxury industries. The Place Vendôme roadshow engaged retailers in Paris, Milan, Cannes, Dubai, London and most recently Florence. Place Vendôme will be returning to MAPIC later on this year in Cannes, France to meet with international retail brands.
The 800,000m² project will host two five-star hotels, serviced apartments, up to 400 different retail outlets, a central entertainment component showcasing permanent attractions, technologically advanced installations and special events. In addition, the retail portion of the development will boast an exclusive section dedicated to unrivaled luxury featuring the most elite brands.
Earlier this year, Place Vendôme was honored with the 2015 ‘Best Future Project’ Award by Retail & Leisure International (RLI) magazine, the leading global publication chronicling the retail industry. The Parisian inspired development competed against a high number of projects, winning over three of the world’s leading retail projects.