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Manazel and Lulu sign agreement

Will open largest hypermarket in Abu Dhabi

| | Sep 15, 2012 | 3:05 pm
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Will open largest hypermarket in Abu Dhabi

Manazel Real Estate, owner of Capital Mall in Mohammad bin Zayed City in Abu Dhabi, has announced signing of a lease agreement with Lulu Hypermarket at Capital Mall with a rental space totaling 220,000m². The deal was endorsed by Mohammad M Al Qubaisi, Manazel Real Estate’s Chairman, and Youssuf Ali Mosliam, President of Lulu Hypermarket Group, the announcement added.

Officials of Manazel and Lulu at the signing ceremony

Commenting on the significance of the agreement, Al Qubaisi said: “This agreement falls in line with our commitment to provide the best facilities and services that appeal to the commercial and services sector on one hand, and contribute to the development and prosperity of Capital Mall’s surrounding neighbourhoods on the other, and coheres with Abu Dhabi 2030 Vision for urban development in the Capital. We will spare no effort in helping out and facilitating Lulu Hypermarket’s transition to Capital Mall, as well as all other tenants who chose Capital Mall to house their brands.”

Speaking about the new endeavour, Ali Mosliam said: “This move corresponds with our strategy which aims at providing a Lulu Hypermarket in the newly developed urban sectors in Abu Dhabi, so we can be closer to them. Choosing Capital Mall to house the biggest hypermarket in Abu Dhabi was a result of its ideal location at Mohammad bin Zayed City, and its proximity to Khalifa City A, Al Falah, Al Raha Beach, Bani Yas and Al Shawamekh.”

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