$272mn Schumacher Tower is launched

ACI Real Estate, an affiliate of Alternative Capital Investments, yesterday launched the US $272 million (AED 1 billion) Michael Schumacher Business Avenue, a 29-storey business tower located in Dubai's Business Bay.

ACI Real Estate, an affiliate of Alternative Capital Investments, yesterday launched the US $272 million (AED 1 billion) Michael Schumacher Business Avenue, a 29-storey business tower located in Dubai's Business Bay.

Michael Schumacher Business Avenue marks Phase 2 of ACI's sports-branded real estate project.

The Niki Lauda Twin Tower was launched this month and the Boris Becker Business Tower will be launchedin February.

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