13 September 2017 01:12 PM
Tilal Properties reworks its mall plan
Assigns Colliers International the task of project review and property management
Dubai -: Tilal Properties has signed an agreement with Colliers International to manage the former’s AED 1 billion project Tilal Mall in Sharjah.
Under the agreement, Colliers International will review the project’s designs and provide leasing and property management services, according to Tilal’s statement.
Tilal, a subsidiary of Sharjah Asset Management, revealed that it has approved several expansions such as increasing the building area by 56% to 400,000 square metres from 256,000 square metres and nearly doubling parking areas to 4,170 spaces from 2,500 in the five-storey building, registering a 67% growth.
The rentable area increased 67% to approximately 116,000 square metres from 69,000 square metres, including the storage area, Tilal added.
In September, Tilal announced launching its two million square-foot mall.