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Mid East Info
a day ago
- Business
- Mid East Info
R.Evolution Named ‘Luxury Boutique Developer of the Year' at the Pillars of Real Estate Awards 2025 - Middle East Business News and Information
Dubai, UAE June 2025: has been awarded Luxury Boutique Developer of the Year at the prestigious Pillars of Real Estate Awards 2025 , in recognition of its contribution to transformational living, restorative architecture, and conscious luxury. Anchored by its flagship Dubai project Eywa Tree of Life, the first boutique residential building in the region to receive both LEED Platinum and WELL Platinum certifications, this award affirms leadership in redefining how we live in cities. The Pillars of Real Estate Awards honour outstanding innovation and impact across the regional property landscape. For this accolade is recognition of its ability to create urban sanctuaries, translating philosophical depth, scientific research, and world-class design into tangible, elevated living experiences that go far beyond traditional definitions of luxury. As the Middle East continues its rapid evolution into a global real estate powerhouse, the Pillars of Real Estate Awards spotlight the projects and people driving this transformation forward with purpose, precision, and progress. At the heart of this success is Eywa Tree of Life, a revolutionary development on the Dubai Water Canal designed to nurture physical wellbeing, emotional balance, and long-term vitality. Comprising just 50 ultra-luxury residences and two penthouses, Eywa Tree of Life blends ancient wisdom and principles of Vastu Shastra with energy-conscious engineering and pioneering technologies, including EMF shielding, water memory systems, and cascading terrace waterfalls. It is a home conceived not just as a space, but as a living, breathing organism. More than its accolades, Eywa Tree of Life is built on a philosophy. Rooted in the symbolism of the Tree of Life, the project's sculptural form, crystal-infused structure, and spiritual geometry are expressions of harmony, growth, and regenerative energy. With features such as a 2,500-book community library, in-house wellness concierge, private pools, and crystal gardens, Eywa Tree of Life embodies belief that homes should be sanctuaries, designed to elevate body, mind, and soul. 'Winning 'Luxury Boutique Developer of the Year' is an honour that recognises not just our achievements, but our purpose,' said Alex Zagrebelny, Founder and CEO of 'With Eywa Tree of Life, we set out to create something truly transformative, homes that protect, inspire, and support wellbeing at every level. has been built on an ethos of intentional living and this award strengthens our vision for the future: to continue crafting meaningful environments that elevate human potential while respecting the planet. We're only just beginning.' This latest recognition cements growing influence across the luxury real estate landscape, as it continues to create future-ready developments that merge science, sustainability, and spiritual design. With Eywa Tree of Life setting a new regional benchmark, the developer's commitment to boutique-scale, high-impact living is set to redefine the next generation of urban sanctuaries.
The Hindu
3 days ago
- Business
- The Hindu
Lulu IT Twin Towers to be inaugurated on June 28
Lulu IT Twin Towers, developed by the Lulu Group, will be inaugurated at SmartCity, Kakkanad, on Saturday (June 28, 2025). Chief Minister Pinarayi Vijayan will inaugurate the project. The IT complex, developed with an investment of ₹1,500 crore, comprises two identical towers with 30 floors each. The project spans 12.74 acres. Together, the twin towers have a built-up area of 3.5 million square feet, with 2.5 million square feet available for lease. The project is envisioned as a future-ready hub for IT and AI-driven enterprises, according to a communication. The project can accommodate over 30,000 IT and ITeS professionals. According to a communication, the group aims to create over 50,000 professional employment opportunities through Lulu IT Parks over the next three years. The LEED Platinum pre-certified green building seamlessly integrates sustainability with modern workplace design. The towers are equipped with 67 high-speed elevators and 12 escalators to ensure smooth internal mobility. Expansive floor plates ranging from 37,000 to 45,000 square feet offer flexibility for contemporary workspaces. An on-site helipad has also been set up at the complex. A fully automated robotic parking system, with 3,200 robotic and 1,300 conventional parking spaces, which can accommodate a total of 4500 vehicles across three levels have been set up. Additional features of the project include a 2,500-seater food court, gymnasium, crèche, banking services, lounges, display kiosks, a 600-seater conference hall, walking trails, gardens, and open-air seating areas, according to the communication.
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Business Standard
3 days ago
- Business
- Business Standard
AstraZeneca sets up ₹166 cr Global Hub to boost AI driven healthcare
Global bio-pharmaceutical company AstraZeneca has established its state-of-the-art Global Hub in Bengaluru investing Rs 166 crore to focus on development of AI-powered healthcare solutions, a top official said on Thursday. This marks the second major investment by AstraZeneca in July 2024 after it announced expansion of its Global Innovation and Technology Centre in Chennai with an outlay of Rs 250 crore. The new facility in Bengaluru is designed to accommodate nearly 1,300 employees including 400 new jobs. It will support the company's capabilities in AI-powered innovation across Research and Development, global business services, Information Technology and digital health operations, among others. The Global Hub in Bengaluru is dedicated to Research and Development, Global Business Services, Information Technology while the Global Innovation and Technology Centre in Chennai serves as a strategic hub for IT, Global Business Services. Following the expansion of the facility, the combined workforce of AstraZeneca India Pvt Ltd would reach close to 4,000 employees, strengthening company's capability to deliver life-changing medicines to patients worldwide. Commenting on the development, company Vice President Global Business Services, Jackie Crockford said, "Our Global Hub in Bengaluru is a strategic investment that will play a vital role in advancing AstraZeneca's bold ambition to deliver 20 new medicines by 2030 by strengthening automated, scalable, data-driven and patient centric solutions." "This step reflects our commitment to tapping into the world-class talent and ecosystem available in Karnataka to power the next generation of scientific innovation." he said in a company statement here. The new facility would serve as a dynamic hub in advanced clinical research supporting AstraZeneca's global therapeutic areas, development of AI-powered healthcare solutions, centralised data analytics to enhance clinical trial efficiency among others. AstraZeneca Global Patient Safety BioPharma, Vice-President Magnus Nord said, "This hub enhances our Research and Development capabilities by connecting us with India's exceptional scientific and technological expertise." The expansion would accelerate the development of innovative medicines and deliver across Research and Development, ultimately benefitting patients around the world", Nord said. The Global Hub reflects AstraZeneca's dedication to environmental sustainability and the facility is designed to achieve LEED Platinum certification. It is currently powered by 75 per cent green energy. It has waste-water recycling, Internet-of-Things (IoT) enabled systems for optimised energy management among others.
Yahoo
4 days ago
- Business
- Yahoo
Thor Equities and QuadReal's 800 W. Fulton Achieves 100% Occupancy with Baker Tilly Lease
Chicago, IL, June 25, 2025 (GLOBE NEWSWIRE) -- Global real estate leaders and joint venture partners Thor Equities Group and QuadReal Property Group (QuadReal) are pleased to announce a long-term lease with leading advisory, tax, and assurance firm Baker Tilly at 800 W. Fulton. Recognized as one of 'Chicago's Smartest Buildings' for its advanced sustainability and smart building systems, the flagship Fulton Market asset is now fully leased. Positioned at the corner of West Fulton and North Green Streets, 800 W. Fulton continues to attract leading global companies and top-tier retailers. In addition to Baker Tilly who will occupy 32,000 square feet at the property, the building is home to a dynamic mix of tech-oriented and design-focused companies including John Deere, Snap Inc., The Aspen Group, Teknion, and Wilson Dow. On the culinary front, Amorino Gelato has an outpost, as well as DineAmic Hospitality with La Serre and Bar La Rue, further solidifying 800 W. Fulton's place at the epicenter of Fulton Market. 'We're thrilled to welcome Baker Tilly to 800 W. Fulton, and to officially reach full occupancy at this flagship property,' said Joe Sitt, Chairman of Thor Equities Group. 'This lease is a powerful endorsement of the building's forward-thinking design, dynamic location, and ability to support the demands of today's leading companies.' 'QuadReal provides premier offices for today's professionals and 800 W. Fulton combines location, modern workspaces and cutting-edge technology under one roof,' said Daniel Gliksman, Managing Director, Americas- East. 'We are excited to welcome Baker Tilly to the building and to have reached the significant milestone of full occupancy at this unique property.' Designed by global architecture firm Skidmore, Owings & Merrill, 800 W. Fulton features a dramatic architectural presence, complete with an iconic x-brace design, panoramic floor-to-ceiling windows, and outdoor landscaped terraces. The building is both LEED Platinum and WELL Building Standard certified, providing a sustainable and healthy environment for forward-thinking tenants. Thor's broader Chicago portfolio includes premier properties at 942 W. Fulton Market, and 1229 W. Randolph Street. Thor also developed and sold nearby 905 W. Fulton Market which was leased to Mondelez International for its global headquarters, as well as Lyra, another Dinamic Hospitality Restaurant. Ownership was represented by Stream Realty Partners' Mark Bâby, Jack McKinney, and Ben Cleveland. Geoff Euston of CBRE represented Baker Tilly. ### About Thor Equities Group Thor Equities is a leader in the development, leasing and management of industrial, laboratory, residential, office, hotel and mixed-use assets in premier locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 20 million square feet. Thor maximizes returns for institutional investors by recognizing a property's potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. For more information, visit About QuadReal Property Group QuadReal Property Group is a global real estate investment, development, and operating company headquartered in Vancouver, British Columbia. Its assets under management are $94 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here. CONTACT: Katie Smith Thor Equities Group ksmith@
Arabian Post
4 days ago
- Business
- Arabian Post
Dubai's Landmark Lumena Tower to Set New Office Standards
Dubai's skyline is poised to gain a striking addition as OMNIYAT officially unveiled its Visionary commercial tower, Lumena, a 48-storey ultra‑luxury workplace development on Sheikh Zayed Road, scheduled to open in the fourth quarter of 2029. The project, valued at AED 3.6 billion, will comprise 91 customizable office units, including full‑floor, half‑floor and standard spaces with panoramic glazing, state‑of‑the‑art biophilic design and smart‑building technology. Shortly after its launch at a high‑profile event at the Museum of the Future on 18 June, the tower's scale model was exhibited at The Opus by OMNIYAT studio, offering stakeholders a preview of its sculptural form and amenity layout. Designed to meet Premier sustainability credentials, Lumena is targeting LEED Platinum, WELL Platinum, Platinum WiredScore and SmartScore certifications, along with conformance to the British Council for Offices standards aimed at delivering high-end workspace efficiency. Founder and Executive Chairman Mahdi Amjad emphasised that 'Lumena is the future of commercial real estate in Dubai… a new paradigm for how the next generation of leaders want to work and live,' underlining the development's integration of technology, wellness features and architectural sophistication. Drawing its name from 'lumen' and the Japanese term 'ena', the design seeks to bring natural light, greenery and airflow into workspace environments, using cantilevered façades to enhance connectivity with Downtown, Jumeirah Beach, the Burj Khalifa and Business Bay metro station. ADVERTISEMENT With a total built‑up area of 582,184 sq ft, the tower accommodates 59 standard offices, 30 half‑floor units and two full‑floor offices. The interiors feature flexible floorplates with minimal columns, rear‑core layouts and three‑metre ceiling heights, with blank‑canvas shell conditions allowing occupants to install bespoke fit‑outs. Two vehicular access routes, more than 1,000 dedicated parking spaces, and proximity to Dubai International Airport reinforce Lumena's convenience for corporate tenants. Wellness and business networking sit at the heart of the tower's amenity roster. An exclusive Executive Club and Sky Theatre at the summit will cater to high‑level forums, product launches and corporate events, equipped with LED walls, advanced acoustics and modular seating. Located on the upper floors are a Wellness Suite offering performance training and recovery facilities, a suspended Sky Pool landscaped with biophilic elements, and dedicated floors for Lifestyle and Business Clubs designed to foster collaboration and executive comfort. Assessment of Lumena's development timeline confirms its completion in the fourth quarter of 2029—not the third quarter as some earlier reports suggested. The launch's timing aligns with broader growth trends in Dubai's commercial real‑estate sector, which has seen an influx of high‑end office developments driven by demand from global firms seeking premium, tech‑enabled workspaces. Industry data show that Dubai's Grade‑A office vacancy rates have tightened over the past year, prompting increased focus on cutting‑edge commercial projects that offer wellness certification, flexible layouts and connectivity. OMNIYAT's track record in luxury developments—from The Opus to Enara—positions the developer to deliver on Lumena's promise of five‑star concierge services, which include reception, meeting‑room facilitation, lifestyle bookings, spa coordination and private‑shopping arrangements. These offerings echo best‑practice trends seen in premium real‑estate clusters across global business hubs, where differentiation through services and sustainability credentials is now as critical as prime location.
