Radius Group, an international developer of class A warehouse and industrial real estate, is launching its premier project, Radius City Logistics, in Dubai Investments Park 2 (DIP II) in partnership with Knight Frank MENA.

The partnership with Knight Frank MENA highlights a significant milestone in the region’s industrial sector, with Radius securing a 5.2-hectare site. Knight Frank MENA’s Industrial and Logistics team is facilitating the complete acquisition, development process and leasing upon completion for Radius, ensuring the project meets the highest standards.

According to Knight Frank MENA’s research, Dubai Investments Park (DIP) is the second most sought-after industrial rental location in Dubai, after Al Quoz, due to its high rents per square foot and limited supply. Radius City Logistics will be the first-class A speculative temperature-controlled facility in the UAE, developed to international, institutional standards. This development positions Radius as the pioneer international developer undertaking such a project in the region, where other investors typically focus on income-generating assets or leased warehouses.

Key highlights of the Radius City Logistics project:

• International Standards: Introduces global standards known for serving multinational corporations such as Decathlon, Leroy Merline, Alibaba Group which will set a new standard for UAE logistics facilities.
• Unique Column Grid: The project features a 12x24m column grid standard for international quality warehouses, a first for speculatively built projects in the UAE, setting a new standard in the local market.
• Project Size: At 33,000 square meters, comparable to major developments like those for Noon and Amazon in Dubai South.

The facility will comprise four independent blocks with separate fitted-out entrance groups and office premises, suitable for multi-tenant or single-tenant use in a contiguous space. The design includes optimal depth blocks of 72 meters for cross-dock operations, a clear height of 12 meters, and a column grid of 12×24 meters, ensuring efficient racking and storage ratios. The building will be designed and certified to UAE sustainability and green development standards.

Strategically located in DIP II, a mixed-use development spanning 2,300 hectares, Radius City Logistics benefits from 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 in proximity. This prime location allows for convenient travel times: 15 minutes to Jebel Ali Sea Port, 25 minutes to Palm Jumeirah, and 40 minutes to Downtown Dubai.

David Simons, Founder and CEO, Radius Group says: “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. The Radius signature specification and quality will be a great addition to the logistics infrastructure in Dubai”.

Andrew Love, Regional Partner – Head of Capital Markets and Occupier/Landlord Strategy and Solutions, MENA says: “Securing the exclusive agency for Radius’s largest speculatively built landmark logistics project in DIP demonstrates our commitment to pioneering real estate solutions in the region. Knight Frank MENA is proud to support Radius in setting a new benchmark for quality and innovation in Dubai’s industrial sector, enhancing our portfolio significantly.”

Construction is scheduled to begin in August 2024, with commissioning and tenant access expected by August 2025. This will be the largest speculatively built in DIP after completion.