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 identified that the existing market supply did not align with the specific requirements of 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.
The property is to 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 will be divided into half racked and half bulk storage configuration, alongside three temperature-controlled chambers. The warehouse will be accessed via 12 loading bays equipped with dock levellers, roller shutter doors, and two side ramps. It will also feature an eaves height of over 14 meters at the apex and will be serviced by the latest firefighting regulation. The office space, totalling 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.
Solar panels are to be installed on the roof of the facility to offset utility costs and allow the property to achieve ESG credentials, an important factor in decision making to JAS Middle East.
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 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.”
The Managing Director at DRA ONE DWC LLC says: We are proud to partner with JAS Middle East to develop their vision for logistics facilities in the region. This development will be adding another 127,300 sq ft of logistics space to our portfolio. We always look to add value to our clients and their requirements.”
About Knight Frank:
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, the Knight Frank network has 487 offices across 53 territories and more than 20,000 people The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Firm, please visit www.knightfrank.com.
In the MENA region, we have strategically positioned offices in key countries such as the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, and Egypt. For the past 13 years, we have been offering integrated residential and commercial real estate services, including transactional support, consultancy, and management.
Understanding the unique intricacies of local markets is at the core of what we do, we blend this understanding with our global resources to provide you with tailored solutions that meet your specific needs. At Knight Frank, excellence, innovation, and a genuine focus on our clients drive everything we do. We are not just consultants; we are trusted partners in property ready to support you on your real estate journey, no matter the scale of your endeavour.
