Al Fara'a launches FM division
Subsidiary established to supply FM to Jumeirah Village projects
Al Fara’a Integrated Construction Group, a group of ten integrated construction solutions providers in the UAE, has announced the launch of its facilities management (FM) division, a new subsidiary established to supply FM services and solutions for the expanding real estate portfolio of Al Fara’a Properties.
The launch of the new division is aligned to the Al Fara’a Group’s continued focus on vertical integration to ensure quality value adding solutions throughout the construction value chain. Initially the expansion will address the FM requirements of the developer’s inaugural project, – Le Grand Chateau (LGC) in Jumeirah Village, currently at the handover phase, and eventually those of its future developments.
Amidst the ongoing handover of LGC and plans to deliver the remaining Al Fara’a projects in Jumeirah Village, including Mulberry Mansions and The Manhattan in 2010, the new FM division will provide customised and fully-integrated property management solutions to these projects.
The new division will collaborate closely with RERA and operate as per its regulations, and will be staffed with a team of highly-qualified professionals. The range of services offered by the FM division will include property strategy, environmentally-oriented building operations and maintenance and the management of lettable space. Furthermore, the FM division will continue to work closely with the master developers in a bid to maintain and enhance the market value of the property portfolio of the entire group.
“The establishment of our new FM division forms part of our commitment to deliver a comprehensive range of quality-oriented services to clients, in line with our long-term growth strategy,” said Dr JR Gangaramani, president and executive chairman of the Al Fara’a Integrated Construction Group. Establishing a FM division is the next logical step in delivering long-term, high-value returns to our stakeholders,”
According to recent reports, the FM industry in the UAE is predicted to grow to US$10 billion by 2012, given the increasing number of projects slated for delivery in the next two years.