Logo of First Avenue for Real Estate Development Co.
First Avenue for Real Estate Development Co. issued today, Feb. 10, a report on progress of ongoing projects and completion rates.
This came in line with the company's efforts to enhance transparency and develop its disclosure framework. It is also part of its commitment to keeping investors and shareholders regularly informed about its business developments and financial performance, according to a Tadawul filing.
For more news and details on the projects
This report will be regularly updated to include more information that aligns with shareholder expectations and strengthens disclosure and transparency practices. The company aims to publish this report on a quarterly basis.
The table below shows updates on the company's projects and completion rates. It noted that four projects are 100% complete, two others are 99% finalized and another is 74% done.
Summary of Projects
|
Project |
Type |
Leasable/Selling Space (sqm) |
Completion% |
|
Business Avenue (Al-Kairawan) |
Office |
11180 |
18% |
|
Business Avenue (Cordova) |
Office |
11727 |
74% |
|
Al Mohammadia Avenue |
Office/Residential/ Commercial |
9451 |
30% |
|
Diriyah Avenue |
Residential |
31511 |
43% |
|
La Perle Residental - Al Nakheel |
Residential |
7493 |
100% |
|
Al Basateen Avenue |
Residential/ Commercial |
46082 |
-- |
|
La Perle residential tower |
Residential |
-- |
-- |
|
La Perle East |
Commercial/Office |
11165 |
99% |
|
La Perle West |
Commercial/Office |
5679 |
99% |
|
Al Shorfa Al Majidia |
Commercial/Office |
5900 |
100% |
|
Malka Tital Al Riyadh |
Residential |
10300 |
100% |
|
Palm Avenue 119 |
Residential |
16028 |
100% |
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