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          Home GCC Saudi Arabia

          For its debut project in the UAE, Radius partners with Knight Frank Mena

          July 5, 2024
          in GCC, Saudi Arabia
          Reading Time: 3 mins read
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          For its debut project in the UAE, Radius partners with Knight Frank Mena
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          Radius Group, an international developer of Class A warehouse and industrial real estate, has partnered with Knight Frank Mena to launch its flagship project, Radius City Logistics, in Dubai Investments Park 2 (DIP II). Knight Frank Mena will serve as the exclusive leasing and marketing consultant.

          Radius has secured a 5.2-hectare site through its partnership with Knight Frank Mena, marking a significant milestone in the region’s industrial sector.

          Knight Frank Mena’s Industrial & Logistics team is guiding Radius through the entire acquisition, development, and leasing process, ensuring that the project meets the highest market standards.

          According to Knight Frank Mena’s research, DIP is the second most sought-after industrial rental location in Dubai after Al Quoz (based on the highest rents per square foot), with a very limited supply of stock in the DIP area.

          Radius City Logistics will be first-class. A speculative temperature-controlled facility in the UAE, built to international institutional standards.

          This development establishes Radius as the region’s first international developer to undertake such a project, as other investors typically focus on income-generating assets or leased warehouse space.

          Key Highlights of the Radius City Logistics Project:

          *International Standards: Introduces global standards that have been known to serve multinational corporations such as Decathlon, Kimberly Clark, Alibaba Group, and John Deere, setting a new standard for UAE logistics facilities.

          *Unique Column Grid: The project includes a 12x24m column grid standard for international quality warehouses, which is a first for speculatively built projects in the UAE and sets a new standard in the local market.

          *Project Size: 33,000 square meters, comparable to major developments such as Noon and Amazon in Dubai South.

          According to Radius, the facility will consist of four independent blocks with separate fitted-out entrance groups and office spaces suitable for multi-tenant or single-tenant use in a contiguous area.

          The design incorporates optimal depth blocks of 72m for cross-dock operations, a clear height of 12m, and a column grid of 12x24m to ensure efficient racking and storage.

          The building will be designed and certified by UAE sustainability and green development standards, the statement read.

          On its debut venture, Radius Founder & CEO David Simons said: “We are delighted to announce our first project in Dubai and to be strategically located in Dubai Investments Park. The location of the future facility is at the intersection of not only the traditional existing Dubai markets but also ideally located for the growth of Dubai through 2030.”

          Radius City Logistics is strategically located in DIP II, a 2,300-hectare mixed-use development with excellent infrastructure, facilities, and accessibility.

          The site is well-connected, with major roads such as Expo Road (E77) and federal highways E11, E311, and E611 nearby. This prime location provides convenient travel times: 15 minutes to Jebel Ali Sea Port, 25 minutes to Palm Jumeirah, and 40 minutes to Downtown Dubai.

          “The Radius signature specification and quality will be a great addition to the logistics infrastructure in Dubai,” he added.

          Andrew Love, Regional Partner – Head of Capital Markets & Occupier/Landlord Strategy and Solutions, MENA said: “Having acquired this site for Radius, we are absolutely delighted to be retained as their exclusive leasing broker. This will be the largest speculatively built logistics project in DIP and will be highly sought after given the current real estate supply constraints, particularly within DIP.”

          Knight Frank Mena, stated Love, is proud to assist Radius in setting a new standard for quality and innovation in Dubai’s industrial and logistics sectors, significantly expanding our portfolio.

          “I am confident our market leading logistics leasing team, comprising of 8 highly experienced agents, will deliver a fantastic result,” he added.

          Construction is set to begin next month, with commissioning and tenant access expected in August 2025. This will be the largest speculatively built structure in DIP once completed.

          Tags: Debut Project in the UAEDubaiGCCKnight Frank MenaMENARadius Partners with Knight Frank MenaReal EstateSaudiUAE

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