Dubai, United Arab Emirates, 6th November 2017: ENBD REIT (CEIC) Limited (“ENBD REIT”), the Nasdaq Dubai-listed Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, announces major construction milestones at the South View School Dubai campus. Located within the Remraam Community, South View School is on track to be completed by the beginning for the next academic year commencing September 2018. The school will be Interstar Education’s fifth Dubai campus and its second British curriculum school once completed.
"We are pleased to announce that the concrete has been poured for the entire foundation with the support columns for the next levels to be erected in the coming week. The project is currently meeting its delivery timeline for opening at the beginning of the next school year. We believe that this school will enhance the Remraam community with the offer of a first-class British curriculum institution," commented Tim Rose, Head of Real Estate at Emirates NBD Asset Management.
The total gross floor area of the school will be 132,000 sq. ft. on a plot covering 183,504 sq. ft. South View School will have the capacity to accommodate nearly 1,800 children at full capacity and will start from the FS1 level through to the 12th grade. The school will be operated by Interstar Education, part of Interstar Advisory Services, which currently runs the successful and well-established Victory Heights Primary School in Dubai Sports City.
Amit Kothari, Executive Director of Interstar Education, commented:
"We are looking forward to the complete structure of the school being completed by the end of this year. This is an exciting time for Interstar Education and an important development for local community. We have been expanding at a healthy pace and we are looking forward to the school’s successful first year of operation."
Since its establishment in 2000, Interstar Education has provided schooling to 15,000 children across five campuses in the UAE and India. The Group runs two Delhi Private Schools in the UAE, and first entered the British curriculum with Wonder Years Nursery in Dubai Sports City. It has since established Victory Heights Primary School, which has enjoyed considerable success. South View School will be Interstar’s fifth UAE campus. ENBD REIT is a leading Shari’a compliant Real Estate Investment Trust, invested in properties across Dubai’s office, residential and alternative real estate asset classes. In March 2017, the Company successfully raised USD 105 million when it listed on Nasdaq Dubai.
