March 2010: In a move that strengthens Capital Centre’s credentials as one of Abu Dhabi’s most significant economic development projects, ADNEC, master-planner of the AED 8 billion (Capital Centre) development, has revealed that Al Nasser Holdings and The National Investor (TNI) are among several leading corporate sector titans who are relocating their corporate headquarters to towers the companies are constructing at Capital Centre.Welcoming the decision by these leading businesses, Simon Horgan, ADNEC Group CEO said: “The move by Al Nasser Holdings and The National Investor is a statement of purpose of their desire to be at the heart of the action. At the same time, it also provides further endorsement to ADNEC’s efforts in building Capital Centre into one of Abu Dhabi’s and the region’s most sought after locations.”
Capital Centre, which fully sold out in May 2007, is a micro-city of 23 mixed-use towers, seven hotels and one world class exhibition centre – the Abu Dhabi National Exhibition Centre. The development is complemented by two other hotels, Aloft Abu Dhabi, which opened in October 2009, and Hyatt at Capital Centre which will be located within the gravity defying Capital Gate Tower.
“Al Nasser would like to thank ADNEC and the local authorities in Abu Dhabi for the opportunity to develop our headquarters in the dynamic environment of Capital Centre, a 21st century micro-city,” said Mr. Abdulla Nasser bin Huwaileel Al Mansoori, Chairman of Al Nasser Holdings.
Established in 1977, Al Nasser Holdings is one of Abu Dhabi’s largest, multi-disciplined business conglomerates with staff strength in excess of 5,000.
“Over the last three decades Al Nasser companies have had the opportunity to make a growing contribution to Abu Dhabi. We are poised to further consolidate our industry-leading position and I can think of no better place than Capital Centre, to locate our new and unique headquarters as we chart our future growth path,” added Mr. Al Mansoori.
Confirming TNI’s decision to upgrade its Abu Dhabi premises from two separate offices to landmark A-grade office space at their plot under development at Capital Centre, Mr. Orhan Osmansoy, CEO of TNI noted the move was part of the company’s long-term positioning for the next period of macroeconomic growth. “The TNI Tower at Capital Centre has been designed by international architect, RMJM, to provide unique, high-quality headquarters which reflect TNI’s position amongst the region’s most trusted and reputed financial institutions.”
“Through the commitment of ADNEC and sub-developers, the new location will enable employees and visiting clients to benefit from Capital Centre’s cohesive mix of retail, office, residential and hospitality land uses, anchored by the exhibition centre which is already home to some of the largest international exhibitions and meetings in the country,” he added.
TNI is a leading, privately-owned regional investment and merchant banking group with six strategic business units covering investment banking, private equity, asset management, real estate, principal investments and investment research.
