Al Fara'a launches facilities management division for real estate

Al Fara'a Integrated Construction Group 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, said a company statement.

Al Fara'a Integrated Construction is a group of 10 integrated construction solutions providers in the UAE.

Initially, the expansion will address the FM requirements of the developer's inaugural project – Le Grand Chateau in Jumeirah Village, which is currently at the handover phase, and eventually those of its future developments. Amid the ongoing handover of Le Grand Chateau and plans to deliver the rest of the Al Fara'a's 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, it said.

"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 Al Fara'a group," said JR Gangaramani, President and Executive Chairman, Al Fara'a Integrated Construction Group.

According to recent reports, the facilities management industry in the UAE is predicted to grow to $10 billion (Dh36.73) by 2012, given the increasing number of projects slated for delivery in the next two years.

The new division complements the UAE Government's decision to implement green building regulations and policies, said
the company.

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