Kaizen clarifies operating status - 15th November 2009
In response to an article published on ConstructionWeekOnline.com last week, Kaizen Developments has contacted CW with the following statement:
“Kaizen Developments is still very much present, and developing within Turkey and the UK. We have scaled back our projects in the UAE due to the financial downturn, and specifically due to the uncertainty surrounding Palm Jebel Ali. No sales were made in our Equinox project and it is currently on hold.
“Celestial Heights, on the other hand, is a project which Kaizen Developments had successfully marketed jointly with another developer. We were proud to be associated with such a project as Celestial Heights which is now rapidly moving towards completion and being directly managed by the owners of the project.
“Kaizen Developments continues to be committed to its clients and its projects, in all the territories it operates in. We specifically are looking forward to expanding into new markets and launching a new project within the UAE, when the time is right.”
The company's web site, www.kaizendevelopments.com, was unreachable last week due to the closure of a web services provider. The web site is expected to be fully operational this week.
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Kaizen Developments'Equinox Residences featured in Arabian Business - 25th September 2008
$195mn scheme revealed for Palm Jebel Ali
Kaizen Developments hope to complete their Palm Jebel Ali project by December 2010.Developer Kaizen Developments has released details of a $195 million luxury residential scheme on the Palm Jebel Ali – the first development on the manmade island to be approved by Dubai’s Real Estate Regulatory Agency (RERA).
Construction of Equinox Residences, one of only two developments on Palm Jebel Ali to be approved by master developer Nakheel, is expected to be completed for occupancy by December 2010.
Made up of 21 floors of one to four-bedroom apartments, each with sea views and its own allocated parking, Equinox has direct beach access and includes luxury facilities such as smart home technology, designer kitchens, home theatre systems, on-site nutritionists, fitness trainers, concierge and chauffer car services.
The project will be launched for sale at Cityscape 2008, before construction gets underway in the first quarter of 2009.
“Equinox Residences will add to the breadth and depth of developments offered from Kaizen and will become a shining example amongst our diverse and international portfolio,” said Amir Salam, managing director for UAE-based Kaizen Developments.
by Tom Arnold
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Kaizen Developments launches Equinox Residences - www.zawya.com - September 24th 2008
Kaizen Developments has announced the launch of Equinox Residences, an AED 715 million development on Crescent A of Palm Jebel Ali. Equinox will comprise of 21 floors of residential living, offering 1-4 bedroom, duplex, and penthouse apartments, each with its own allocated parking.
Known for its ethos of 'Responsible Luxury', Kaizen Developments have positioned Equinox Residences as its flagship project on Palm Jebel Ali. Equinox will deliver the ultimate in luxury, providing sea views from all apartments. Equinox has direct beach access and includes luxury facilities including smart home technology, Bosch designer kitchens, Bose home theatre systems, on-site nutritionists, fitness trainers, concierge and chauffer car services.
Amir Salam, Managing Director for Kaizen Developments confirmed the launch of the project by saying: "Equinox Residences will add to the breadth and depth of developments offered from Kaizen, and will become a shining example amongst our diverse and international portfolio. We will be exhibiting the project at Cityscape 2008, and we are confident it will be as successful as our previous launches."
Equinox Residences is one of the first developments to have been approved by the master developer, Nahkeel, and is the first development to get RERA approval, with plans to begin construction in the first quarter of 2009. Equinox is scheduled to be Kaizen Developments' most exclusive development to date. The project is expected to be completed for occupancy by December 2010.
Mr. Salam continued by saying: "We believe that this project epitomizes what Kaizen Developments stands for in terms of quality, efficiency, and responsibility, while simultaneously demonstrating luxury at its finest. Kaizen is a strong international company with deep roots in the UAE. We measure our accomplishments by exceeding the expectations of our customers and investors."
Kaizen Developments is an established international leader in responsible luxury development. Headquartered in Dubai, operations span from the United Kingdom and Turkey to the Arabian Peninsula. Located in leading financial, cultural, and historical centers around the world, Kaizen's portfolio includes commercial, residential, and mixed-use developments.
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Kaizen Developments featured in Arabian Property Magazine - 10 September 2008
Kaizen Developments global Islamic financing, specifically in Turkey was featured in Arabian Property Magazine in their feature illustrating the growing ties between UAE and Turkey.
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Kaizen Developments offers Global Islamic Financing - www.zawya.com - July 9th, 2008
International real estate developers, Kaizen Developments, announces global Islamic financing available for development projects in the Middle East and Asia Minor.
Strategic urban developers, Kaizen Developments, headquartered in the UAE, have announced they are offering international Islamic financing for their development projects in both the UAE and Turkey. Kaizen Developments currently maintains a diverse portfolio of mixed-use, commercial, and residential developments.
Managing Director for Kaizen Developments, Amir Salam commented: "Kaizen Developments is proud to be offering Islamic financing to its customers and investors. We are one of the only real estate development firms currently offering Islamic financing internationally. We believe development is about providing unique and creative properties and investments, whilst servicing the needs of the customers.
Financing options for Kaizen Developments current projects in Dubai have been agreed upon with Badr Al Islami, the financing arm of Mashreqbank. Badr Al Islami is offering customers of Kaizen Developments' the facility to borrow up to 70% for commercial and 90% for residential units.
In Turkey, Kaizen Developments has negotiated an arrangement with Kuveyt Turk, which will be providing up to 90% financing. Kuwait Finance House is the largest shareholder of Kuveyt Türk with its 62% share. The arrangement will offer Kaizen Developments customers financing in New Turkish Lira, US dollars and Euros.
"End user financing is an important aspect of what we want to achieve in terms of customer service. Kaizen Developments is a global leader in excellence and this is just one example of our commitment to that ideal" concluded Mr. Salam.
Kaizen Developments is an established international leader in strategic urban development. Headquartered in Dubai, operations span from the United Kingdom and Turkey to the Arabian Peninsula. Deriving its name from the Japanese philosophy of an ongoing commitment to excellence; Kaizen Developments personifies its name through a proven commitment to the enhancement of its business practices in order to deliver outstanding international urban developments to its customers and partners. The company's portfolio includes the full range of development and investment opportunities spanning commercial, residential, and mixed-use developments.
http://www.zawya.com/Story.cfm/sidZAWYA20080709072009/secIndustries/pagReal%20Estate
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Kaizen Developments featured in Al Bayan Arabic Newspaper – April 15th 2008
عقارات
«كيزين» توسع عملياتها في المنطقة
توسع شركة «كيزين» المتخصصة في التطوير العقاري عملياتها داخل وخارج الإمارات. ويشمل نطاق أعمالها تطوير المشاريع في المناطق الراقية بلندن واسطنبول. وبرزت أنشطة «كيزين» خلال الفترة الماضية في دبي من خلال مشروع تطوير «سليستيال هايتز» الذي تم بيعه خلال أسبوع واحد فقط من عرضه.
وتقوم «كيزين» بدراسات أخرى في صدد إنشاء خمسة مشاريع في اسطنبول. وتقع جميع هذه المشاريع في مناطق راقية وعالية المستوى من ضمنها مشروع تطويري في مقاطعة نيسانتاسي للاهتمام بالمناطق ذات الكثافة السكانية العالية، ومشروع آخر في مقاطعة تاكسيم التاريخية.
وقال أمير تسلام مدير التطوير بشركة «كيزين» قائلا: لقد أسست «كيزين» كشركة تطوير عقاري عالمية متخصصة من خلال قوة قيمها الجوهرية والمشاريع التي تختارها في الأسواق الاستراتيجية. حيث أثبت حجم المشاريع التي تعهدنا بالقيام بتنفيذها أننا نمثل فريق عمل ديناميكيا قادرا على تنفيذ ومواكبة الاتجاهات الحديثة في مجالات التطوير العقاري العالمي».
وأضاف: يتكون مشروع تطوير «سليستيال هايتز» من مجموعة بنايات تتميز بأنها ذات ثلاثة استعمالات مشتركة، ويتكون المشروع من برج تجاري وبرجين سكنيين. ويقع هذا المشروع في قلب مشروع تطوير «بيرجيونينج داون تاون جبل علي». كما يقع جزء من المرحلة الأولى من «سليستيال هايتز» على طول السنترال بارك بشارع الشيخ زايد.
دبي ـ «البيان»
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Dubai’s Kaizen in Expansion Mode – Gulf News – April 3rd 2008
Dubai- based property development company, Kaizen Developments is expanding its portfolio both locally and abroad. With a portfolio that includes development projects in the up-scale neighbourhoolds in London and Istanbul, Kaizen is becoming a key international player and a market leader in property development. Kaizen has taken off in Dubai as well, with the Celestial Heights development selling out within its first month on the market.
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Kaizen Developments Leads the Way in International Developments - AME Info - April 2nd 2008
Dubai-based property development company, Kaizen Developments is expanding its portfolio both locally and abroad. With a portfolio that includes development projects in the most up-scale neighborhoods in London and Istanbul, Kaizen is becoming a key international player and a market leader in property development. Kaizen has taken off in Dubai as well, with the Celestial Heights development selling out within its first month on the market.
"Kaizen Developments has established itself as a leading international property development company through the strength of our core values, choice of projects in strategic markets, and the trust of our business partners. The magnitude of the projects we have undertaken prove without a doubt, that we are a capable and dynamic team well ahead of the current trends in international property development" said Managing Director, Amir Salam.
Celestial Heights is comprised of three mixed-use buildings in the heart of the burgeoning Downtown Jebel Ali development. Part of the first phase of the master plan, Celestial Heights is located along the Central Park on Sheikh Zayed Road and will be within easy walking distance from the Central Line of the Dubai Metro Project. The project consists of one premium grade commercial tower and two residential towers. The location will serve not only the Jebel Ali Free Zone and Port, but will be within easy access to the new Al Maktoum International Airport currently being constructed.
Five projects are currently underway in Istanbul, Turkey and are all located in up-scale neighborhoods. Among these projects is a development that will cater to Istanbul's jet-setting crowd in the fashionable Nisantasi district, and a project in the historic Taksim district with views of the famed Bosphorous Strait, which separates Europe from Asia.
"We are proud of the fact that we are not only at the leading edge of quality and development in the UAE and in the UK, but we have emerged as a market leader in property development in Turkey. We are well established there, while many other leading companies from the Middle East are only starting to realize the potential that rests in Istanbul and Turkey in general" continued Mr. Salam.
Kaizen Developments is founded on a strategic urban development philosophy that aims to create vibrant communities within emerging metropolises around the world. Headquartered in Dubai with offices in London and Istanbul, the firm plans to expand its reach throughout the MENA (Middle East and North Africa) region while remaining true to its core principles.
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Kaizen Developments listed as one of the top 15 foreign developers in Turkey - Hurriyet Turkey - March 10th 2008
Dubai-based property development company, Kaizen Developments has been listed by the two top daily newspapers as one of the top foreign developers in Turkey. Kaizen Developments was mentioned for its excusive project locations and its projects in Dubai. Isak Baruh, partner of Kaizen Developments Turkey said “This clearly demonstrates how Kaizen Developments in Turkey is going from strength to strength in Turkey and more specifically Istanbul. Our exclusive projects in prime locations which are currently under development will further show how we are committed to change for the better”
Other companies mentioned by Hurriyet and Milliyet newspapers included Corio, Merril Lynch, Trump, Emaar and Morgan Stanley. Hurriyet and Milliyet are 2 of the top 3 newspapers in Turkey and the 9th and 10th largest news websites in the world respectively.
Link to article below
http://www.milliyet.com.tr/default.aspx?aType=GaleriHaber&ArticleID=503847&PAGE=13&ver=80
http://www.hurriyetemlak.com/real_estate/emlakyasam/haber_detay.php?cid=4592
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Kaizen Developments featured in CNN Turk for its Nisantasi Project - CNN - March 2008
Kaizen Developments Valikonagi Residence project was recently featured by CNN Turk.com. Special mention was made of its exclusive location, and the smart building features.
Link to article below
http://www.cnnturk.com/EMLAK/index.asp?Content=4581
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Kaizen Developments featured in Turkish Daily News - March 2008
Kaizen Developments Valikonagi Residence project was recently featured by Turkish Daily News. Article follows:
Nişantaşı gets new residences worth $12 mln
The Valikonağı residences project – a joint construction by Eray Kapıcıoğlu, owner of World Eye Hospital [Dunya Goz Hastanesi], and Dubai- and London-based Kaizen Developments – on Valikonağı Street of Istanbul's Nişantaşı, is set to be complete this month.
The five-storey building, which cost around $12 million, hosts 16 residences in different sizes ranging from 90-100 square meters, at a cost of $4,000-5,000 per square meter.
Valikonağı residences are the first Turkey project of Kaizen Developments, which entered the market after opening an office in Istanbul's Maslak neighborhood. The project has studio flats with two bedrooms plus one lounge and three bedrooms plus one lounge apart from the duplex flats and the stores on the entrance floor. Amir Salam, finance director of Kaizen Developments, had previously said that they were happy to implement their first project in Turkey and the project, many units of which have already been sold, will be completed in the first quarter of this year.
Valikonağı project attracts high attention with its proximity to the American Hospital and the nearby shopping centers, and its design that includes top quality kitchens and luxurious bathrooms. It also has a round the clock security system, reception, stores and a special parking system, which has a car elevator.
http://www.turkishdailynews.com.tr/article.php?enewsid=99098
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Hurriyet Emlak magazine features Kaizen Developments’ entry into Turkey - February 2008
The February 2008 edition of Hurriyet Emlak magazine, Turkey’s leading real estate monthly featured Kaizen Developments’ entry into the Turkish market. The article featured the nearing completion of Kaizen’s first project in Nisantasi and its previous projects in Dubai.
http://www.valikonagi-residence.com/english/images/add_kaizen%20developments.JPG
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Turkish Daily News talks about Kaizen Developments exclusive project location - December 2007
Kaizen Developments Valikonagi Residence project was featured by Turkish Daily News, article follows.
Nişantaşı, most expensive and popular neighborhood.
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