Tuesday 6, September 2016

Abu Dhabi – MENA Herald: Eltizam Asset Management Group, one of the UAE’s leading asset management companies, continues to win valuable new mandates across the UAE, through its subsidiaries Three60 Communities, Three60 Leisure, and RE/MAX 360.

Three60 Communities, now the largest privately owned community management company in the UAE following the merger with Novus Community Management and the acquisition of Premium Community Management, is managing over 80 buildings, including two master communities and more than 20,000 residential units.

Three60 Communities has recently won the mandate to manage the residential and principal aspects of the prestigious 80-storey ‘Index Tower’ in DIFC in Dubai. The full service contract covers the management of both the operational and financial aspects of the signature tower which has over 520 residential apartments and retail offerings on behalf of the owners.

Additionally, Eltizam’s real estate brokerage subsidiary, RE/MAX 360, will be handling the sales and leasing of a large number of premium properties on Reem Island in Abu Dhabi. The company is selling residential units in Horizon Tower A, leasing units in Horizon Tower B, as well as exclusively leasing 148 townhouses (in Marina Bay 1, Marina Bay 2, Sigma 1, and Sigma 2), and leading the leasing of a large volume of additional units all located in City of Lights. The company is handling the sales and leasing of Tamouh commercial tower alongside Tamouh in Marina Square, also located on Reem Island in Abu Dhabi, a sought after commercial location.

Building on the group’s holistic approach to real estate management which offers full and diversified services, Eltizam’s subsidiaries Tafawuq Facility Management and Three60 Leisure will also be handling all aspects of the management of these prestigious residential communities.

Commenting on the new contracts, Chris Roberts, CEO of Eltizam Asset Management Group, said: “Our ambitious expansion plan through both organic growth and acquisitions is producing results as these new wins across the Eltizam Group subsidiaries demonstrate, and we continue to look for further growth opportunities. This allows us to develop the best way for our businesses to work together to create additional efficiencies, innovations, and cost savings across the Group. This two pronged approach allows us to continue to offer the unrivalled quality of service we are known for.”

Imad Namrawi, General Manager of Three60 Communities, said: “The expansion of Three60 Communities as a result of our recent acquisitions has given us the additional capacity to take on bigger and more ambitious projects. This, combined with our extensive expertise in property management, makes us the provider of choice for prestigious property complexes across the UAE.”

Eltizam is showcasing Horizon Towers and City of Light’s Townhouses at this year’s Cityscape Global 2016 in Dubai, along with its community and property management solutions and facility management services.