Abu Dhabi's Kizad begins pre-leasing of warehouses
Khalifa Industrial Zone Abu Dhabi (Kizad) began pre-leasing warehousing projects in both its Free Zone and Non-Free Zone areas this week.
The two projects, which will create more than 220,000m2 of storage and distribution warehouses, will be worth more than US$163.37 million on completion.
“The leasing of pre-built warehouses on Kizad marks one of the most important milestones for tenants to date, offering a ready-to-use solution for companies looking for large warehouse space in either our free zone or non-free zone areas,” said Khaled Salmeen, executive vice president of Industrial Zones at ADPC.
“Kizad provides organisations easy access to local, regional and international markets, with a low operating cost environment and a meticulously designed setting to make doing business easy. Today, we emphasize our commitment to support our partners by offering lease agreements on these state of the art warehouse facilities.”
Scheduled for completion in Q2 2013, Kizad’s aim is to target larger occupiers looking for high quality space that compliments their business and its two schemes provide units from 1,000m2 upwards. In Kizad’s free zone area, an occupier can lease a single unit of more than 21,500 m2. In its non-free zone area the largest single block is over 11,000m2.
Kizad’s pre-built warehouses are situated close to the new Khalifa Port, a new deep water container port, and within a few minutes’ drive of both the E11 and the extension of the E311 Emirates Road.