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MENAFN - Khaleej Times - 01/09/2012

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(MENAFN - Khaleej Times) Damac Properties has completed the raft foundation for its iconic Damac Tower in Beirut, Lebanon.
The main contractors MAN Enterprises s.a.l have now finished the foundation works and the pouring of the raft is a significant development in the construction process. Pouring the raft involved laying 500 tonnes of steel and 4200.00 cubic metres of concrete.

"This is a major milestone in the construction of Damac Tower. The foundations are crucial for the super-structure, but they take time to complete. Work will now really begin to accelerate and customers will see an advanced level of construction from this point forward" said Ziad El Chaar, Managing Director, Damac Properties.

The 300 million premium project will deliver the entire Versace lifestyle concept to discerning residents through a high-end building with bespoke versace home interior design packages throughout.

Damac Tower was launched as the first exclusive Versace Home branded residential tower in the region. Situated in the elite marina area of the new Solidere development in Beirut, Damac Tower has extensive views of the Mediterranean. The flowing curves and volumes of the 28-storey building were designed to emulate the surging waves of the ocean.

The tower will feature spacious private units resplendent with custom designed interiors. All the common areas including the health and fitness facilities, the concierge reception, and the main lobby will feature versace home products.

Damac Properties partnership with Versace, the world-renowned Italian fashion house defined the interiors of Damac Tower. The shared vision of the two companies has combined to deliver the most prestigious and sought-after property in Beirut.

When asked why did Damac Properties choose Versace Home to collaborate on this project he said: "Globally recognised brands like Versace Home and Damac Properties lend a confidence to investors considering investing in the property market in Lebanon.

This collaboration will be viewed by international investors as a strong endorsement in the future viability and growth of the Lebanese property market.''


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