Property Briefs this Week: March 18-20

By Nur Hikmah Md Ali
/ EdgeProp Singapore |
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Ennismore to launch a Delano hotel at luxury Bluewaters Island in Dubai

Delano Dubai sky villa (Photo: Ennismore)
Luxury hotelier Ennismore will launch a Delano-branded hotel at the luxury destination island Bluewaters Dubai later this year, Ennismore and Dubai Holding announced on March 20.
This is part of a deal with global investment company Dubai Holding to grow the number of luxury lifestyle experiences in Dubai. It follows the opening of Banyan Tree Dubai at Bluewaters Dubai last year.
The Delano Dubai hotel will feature 251 guestrooms, including 84 suites and an ocean-front swimming pool. The luxury hotel will offer four distinctive F&B concepts, including a collaboration with Paris Society, a French fine dining brand, a patisserie and a Levantine-inspired destination restaurant.
Delano is set to introduce a new level of luxury, discernment and vibrant energy to Dubai, as Ennismore’s debut property in the region, says Ennismore’s founder and co-CEO Sharan Pasricha and Gaurav Bhushan, the firm’s co-CEO.
Amit Kaushal, group CEO of Dubai Holding, says that the firm’s collaboration with market leaders like Ennismore and Banyan Group will continue to focus on welcoming new brands to Dubai and further enrich the city's vibrant hospitality landscape.
This year, Ennismore has entered a long-term partnership with global investment company Cain International to expand the Delano brand globally and reopen Delano Miami Beach in Florida. The hotel closed in March 2020 to undergo significant refurbishment and renovation works.

Two adjoining conserved shophouses on Telok Ayer Street for sale at $40.31 mil

The adjoined Telok Ayer conserved shophouses (Photo: Knight Frank Singapore)
Two adjoining conserved shophouses at Telok Ayer Street in prime District 1 have been put up for sale via an expression of interest (EOI) exercise. The shophouses are located within the Telok Ayer Conservation Area and can be bought together or individually. Knight Frank is marketing the properties.
The 999-year leasehold shophouses have three storeys and an attic each. They occupy a total land area of 2,842 sq ft and a total floor area of approximately 7,923 sq ft. The guide price is $40.31 million, which translates to $5,000 psf on built-up area.
Currently, the shophouses are fully tenanted to F&B outlets on the ground floor and offices on the upper floors. As commercial assets, they are eligible for local and foreign investors, with no additional buyer’s and seller’s stamp duty payable.
The properties are located at the junction of Telok Ayer Street and Boon Tat Street. They are within walking distance of the CBD and various popular destinations such as Lau Pa Sat and Hong Lim Market and Food Centre. Several MRT stations are also within walking distance, including Telok Ayer MRT Station on the Downtown Line, Maxwell MRT Station on the Thomson-East Coast Line and Tanjong Pagar MRT Station on the East-West Line.
The EOI exercise closes on April 30 at 3pm.

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