ATIC Signs Up for Space in Aldar's HQ Building

ATIC Signs Up for Space in Aldar's HQ Building

Commercial News » Commercial Real Estate Edition | By Alma Kadragic | August 3, 2010 9:05 AM ET

(ABU DHABI, UAE) -- The Advanced Technology Investment Company (ATIC), created by the government of Abu Dhabi to focus on investments in advanced technology announced today that it is moving its head office to the circular HQ Building created by Aldar.

ATIC has leased 6840 square meters of space in HQ at Al Raha Beach, making two and a half floors in the iconic structure at the gateway to Abu Dhabi, closer to Dubai than the rest of the capital. HQ offers International Grade A specification fit out and facilities that include a gym, numerous food and beverage outlets, convenience stores, and restaurants.

According to Aldar, negotiations are being concluded on a substantial portion of the 23-floor building. Access to HQ from the Abu Dhabi-Dubai highway is now complete with the opening of the two main intersections allowing access in both directions.

"As a company focused on creating an advanced technology ecosystem in Abu Dhabi supported by global partners, ATIC is pleased to move into such a sophisticated structure as HQ," said Asmahanne Ibrahim, manager of administration and services for ATIC. Ibrahim added, "HQ's access to major infrastructure facilities and its iconic shape - akin to a semiconductor wafer - will provide our partners and customers a warm welcome to Abu Dhabi."

Rami Nasser, Director of Sales & Commercial Leasing, Aldar, said, "We are excited to be able to provide a base like HQ for world-class companies such as ATIC, an organization with ambitions to become world leaders in their sectors, and we believe that the quality of HQ supports these goals."

Aldar Properties PJSC was established to support Abu Dhabi's infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education, and medical facilities.     

Established in 2008, ATIC is a technology investment company wholly owned by the government of Abu Dhabi, ATIC is focused on making significant investments in the advanced technology sector, both locally and internationally, to generate returns that deliver long-term benefits to the emirate of Abu Dhabi.

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