Arabs to build first mini-city with controlled temperature in the world

Dubai Emirate, that already prides itself on the tallest building and biggest aquarium in the world, will build the biggest interior mall and theme park, which will be the first mini-city with controlled temperature in the world, Bloomberg Businessweek informs.

The 720,000 sqm center will include 100 hotels, a medical center, event centers and a theater district. All these will be protected by a retractable roof.

The project developer, Dubai Holding, said that the mini-city will be built in stages, according to the gradual development of family tourism in Dubai.

The objective is to attract 180 million buyers per year, by providing fun and accommodation options for the whole family, without fearing the unpredictable meteorological conditions.

The developer also wants to take advantage of medical tourism development, which attracts annually, according to estimates, 750,000 people only from the USA.

Mall of the World will have a 270,000 sqm health complex, which will include specialized surgery services and cosmetic procedures.  

Sky Tower is the tallest building in Romania with 137 m (449 ft) and 37 floors. OCTAGON started to use the top- down construction method to execute the infrastructure of the tallest office building in Bucharest: Sky Tower (BarbuVacarescu Blvd). The company built three reinforced concrete floors, of 4,600sqm each.

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OCTAGON CONTRACTING & ENGINEERING

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Top seven tallest buildings in the world

With Saudi Arabia announcing plans to start construction of the world’s tallest tower next week, The Telegraph takes a look at some of the world’s tallest buildings.

Petronas Tower: Kuala Lumpur, Malaysia

   Also known as the Petronas Twin Towers, these twin skyscrapers are the tallest twin buildings in the world, coming in at 1,483 feet high and 88 floors. It's construction in the late 1990s symbolised Malaysia's emergence on the world stage.

Petronas Tower: Kuala Lumpur, Malaysia

  

International Commerce Centre China: Hong Kong

   The International Commerce Centre stands at 1,588 feet tall, with a total of 118 floors. It is the tallest building in Hong Kong.

International Commerce Centre China: Hong Kong

Shanghai World Financial Center: Shanghai, China

   The Shanghai World Financial Center is made up of office space, hotels, and observation decks with a shopping mall on the ground floor. It measures 1,614 feet and has 101 floors. It also has the world's highest observation deck, standing at 1,555 feet above ground.

Shanghai World Financial Center: Shanghai, China

Taipei 101: Taipei, Taiwan

   The Taipei rises to a grand total of 1,669 feet. It has five floors underground and 101 above. It is also the largest environmentally conscious skyscraper in the world. During national celebrations, Taiwan often launches its fireworks.

Taipei 101: Taipei, Taiwan

One World Trade Center: New York, NY

   Also known as the Freedom Tower, this tower is 1,776 feet, and has 104 floors, making it the tallest building in the Western Hemisphere. It was built to be 1,776 feet in reference to 1776, the year of American Independence.

One World Trade Center: New York, NY

Makkah Royal Clock Tower Hotel: Mecca, Saudi Arabia

   The Makkah Royal Clock Tower Hotel was built as an attempt to modernise the holy city of Mecca. It is the tallest hotel in the world, the tallest clock-tower, and it also contains the world’s largest clock-face. It stands at 1,972 feet high and has 120 floors.

Makkah Royal Clock Tower Hotel: Mecca, Saudi Arabia

Burj Khalifa: Dubai, United Arab Emirates

   The Burj Khalifa, previously known as the Burj Dubai, is the tallest building in the world. It measures 2,723 feet high and has 163 floors. It took five years to build, and was completed in 2009 in Dubai’s main business district.

 

Burj Khalifa: Dubai, United Arab Emirates

OCTAGON delivers special foundation and infrastructure works on PC Business Center

OCTAGON delivered the special foundation and infrastructure works on the office project P. C. Business Center, located in the north of Bucharest, on 7-9 A Bucharest- Ploiesti Road.  The company performed the following works: diaphragm walls D 600, bored piles D 620- h = 12 m, crown beam, dewatering system, infrastructure- raft S 2, S 1, underground hydro- insulation and water basin. PC Business Center will have 9 floors.

 As Alexandros Ignatiadis, co-founder and shareholder of Octagon C&E. said: "In the first half of this year we started works on three new projects. A project begun last autumn, on which we are still working, is an office building, PC Business Center".

    

 For more information click HERE.

OCTAGON CONTRACTING & ENGINEERING

Phone: (+4)021.232.39.20

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Real estate investments in Romania went up three times in the first semester, to 402.4 million euro

Olympia Tower Bucharest

Real estate investments in Romania totaled 402.4 million euro in the first semester of 2014 and reached a transacted area of 692,000 sqm, a 222% growth on the first half of last year and a 17% increase on the whole 2013, according to the most recent study performed by real estate consultancy firm CBRE.

A total number of 15 transactions were performed, the highest number after 2008, with a medium volume of 26.8 million euro, similar to last year. According to the study the diversity of the type and use of sold properties was higher. The buyer profile has also diversified. 

Hermes Business Campus Bucharest

The transaction profile in terms of use was quite diverse. The office segment accounted for 58% of the total volume of transactions. In terms of property type, prime properties generated 55% of the total volume. In terms of buyer typology developers and real estate funds were the most active:  Globalworth generated 54% of the transaction volume.

Sky Tower Bucharest

At the same time, property type varied from prime properties, such as Charles de Gaulle Plaza, to secondary properties, such as Auchan Pitești Găvana, or 'distressed' properties (Pic Pitești and Pic Oradea).

Prime yield for the office segment dropped from 8.25% to 8%. The rest of prime yields remained stable.

Prime rent was relatively stable — 60 euro/sqm/month for shopping centers, 18 euro/sqm/month for office spaces and 3.8 euro/sqm/month for industrial spaces.

 CBRE also noticed an increase in land transactions in terms of number, value and type of sold properties.