International Investment Bank goes for LEED Platinum

Bahrain-based International Investment Bank has announced plans to develop a mixed-use, LEED Platinum building in Abu Dhabi.

Bahrain-based International Investment Bank has announced plans to develop a mixed-use, LEED Platinum building in Abu Dhabi.

The development, to cost US $272m, will include residential and retail areas. The project will comprise a 21-storey twin-tower building, with two podiums, and three basement levels. One of the towers will be constructed as Grade A quality office units while the other will consist of residential units. The building will also include retail and entertainment units, an aesthetically designed swimming pool, a modern gymnasium and a business centre.

Khatib and Alami will be providing architectural design, while consultants Energy Management Services are to provide guidance for acquiring LEED certification.

"We will continue to establish green building projects and introduce eco-friendly practices in hopefully all our future real estate projects and others," said IIB CEO Aabed Al-Zeera.

However IIB was unable to provide further clarity on a statement that suggested the project was the first Platinum LEED building in the MENA region. The first LEED Platinum building in the region was the Pacific Controls HQ in Dubai, which was certified in 2007. No-one from IIB was available for comment on the discrepancy, although the building remains the first mixed use development in the region to aim for LEED Platinum. Construction is expected to begin by September 2008.

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