Dubai – Mubasher: Dubai Investments Park (DIP) on Sunday announced that the built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park passed an area of 5 million square feet during the full-year 2018.
The buildings carried major names from a variety of industries among the wide range of businesses that chose DIP, the Middle East region’s unique integrated, commercial, industrial, and residential community, as home, according to a statement to the Dubai Financial Market (DFM).
Kingspan Insulation, the sustainable building solutions provider behind major Middle East projects, invested in 538,000 square feet plot to create a larger manufacturing facility to serve the Middle East construction market, DIP, the wholly owned subsidiary of Dubai Investments, said.
Moreover, Clima Uno, the renowned air conditioning firm, now operates from a purpose-built facility which spans over 100,000 sq. ft and manufactures air handling units, fan coil units, energy recovery ventilators and ecology units, the statement showed.
Those are examples of the businesses that signed up or re-leased at DIP last year, in a community that includes light to medium industrial units working in F&B, safety glass manufacturing, storage and goods distribution, electrical and electronic appliances, as well as stocking and distribution, the statement added.
“Over the past 19 years, DIP has played a pivotal role in attracting companies and industries from across the region and the globe, helping Dubai become the preferred destination for both investors and end-users. The volume of leases in 2018 was highly encouraging and evidence of DIP’s consolidated growth plans,” Omar Al Mesmar, general manager of DIP, said.
