Union Coop Signs Investment Contract for Commercial Center in Al Barsha South
Prepared By: Benoi Nair
Photographer: Saeed Ali Mohammad
The latest commercial center is expected to open by Q4 and will increase the storage space by 9%
Union Coop, the largest Consumer Cooperative in the UAE has signed an investment contract with ‘Mohammed Bin Rashid Housing Establishment’ for a commercial center in Al Barsha South. The new investment falls within Union Coop’s framework of rapid expansion in the emirate of Dubai and seeks to increase the inventory of strategic food stock to support government efforts confronting existing and future challenges.
Talking about the project, Eng. Madiya Al Marri, Investment Division Director, Union Coop said, “Further to the negotiation with Mohammed Bin Rashid Housing Establishment. Union Coop signed an investment contract for a commercial center consisting of 2 floors – Ground and First, with a Union Coop branch in the first floor covering an area of 62,623 sq. ft., which will raise the warehouse capacity by 9%. The commercial centre will include 46 commercial shops of which 26 shops will be on the ground floor and 20 shops on the first floor of varying areas. The centre will also provide a parking facility for 209 vehicles on the ground floor and 66 vehicles externally.”
“The center is located in Al Barsha-1 South in the middle of a residential area crowded with villas of UAE Nationals and villas built by Mohammed Bin Rashid Housing Establishment. Thereby adding to the possibility that this commercial center will be able to serve the areas of Al Barsha First, Second and third, and expanding our services to the residents of those areas,” explained Al Marri
She further pointed out that “The process for shop fitting the new Union Coop branch within the center started during last month of April, while the necessary equipment installation and interior decoration works expected to be completed by 3rd quarter of this year, marking the opening of the branch by 4th quarter of this year.”