After a thorough five-month search, Knight Frank MENA found that the current market supply didn’t match JAS Middle East’s needs
Knight Frank MENA’s Industrial & Logistics team facilitated and successfully advised JAS Middle East on a ground-breaking ‘Build to Suit’ transaction in Dubai South, with a Gross Development Value (GDV) exceeding AED 35 million, with the handover occurring at the end of 2024.
After an extensive market search spanning over five months, Knight Frank MENA, with its unparalleled expertise, identified that the existing market supply did not align with the specific requirements of the global logistics firm JAS Middle East. Consequently, Knight Frank MENA‘s market-leading industrial & logistics team recommended a Build to Suit solution, connecting the occupier with a developer committed to constructing a state-of-the-art ESG (Environmental, Social, and Governance) asset. This collaboration created a rare combination of a best-in-class, ESG-compliant warehouse tailored to suit specific logistics needs.
Adam Wynne – Associate Partner, Co-Head of Industrial & Logistics, UAE says: “This deal represents a significant milestone in the UAE industrial & logistics market. We are now seeing occupiers taking a longer-term, more strategic view of their real estate and we are witnessing those occupiers taking ESG credentials into consideration. We are delighted to have advised on this transaction and we look forward to seeing the best-in-class asset once complete.”
The property, a unique addition to their portfolio, will be situated on a land plot extending to 212,160 sq. ft (19,710 sq. m) with a built-up area of 127,300 sq. ft (11,826 sq. m). The warehouse component, a perfect blend of half racked and half bulk storage configuration, will also feature three temperature-controlled chambers.
Access to the warehouse will be seamless with 12 loading bays equipped with dock levelers, roller shutter doors, and two side ramps. It will also boast an eaves height of over 14 meters at the apex and will be serviced by the latest firefighting regulations. The office space, totaling 13,347 sq. ft (1,240 sq. m), will be set over two floors and will offer meeting rooms, open-plan working areas and recreational spaces.
The Vice President for JAS Middle East added, “This strategic investment underscores our commitment to our customers and the UAE market. We look forward to deploying new technology to provide best-in-class logistics solutions.”
Solar panels will be installed on the facility’s roof to offset utility costs and allow the property to achieve ESG credentials, an important factor in decision-making to JAS Middle East.
The Managing Director at DRA ONE DWC LLC says: We are proud to partner with JAS Middle East to develop their regional logistics facility vision. This development will add another 127,300 sq ft of logistics space to our portfolio. We always look to add value to our clients and their requirements.”