Logo ofFirst Avenue for Real Estate Development Co.
First Avenue for Real Estate Development Co. issued today, Feb. 10, a report on the progress of executing its projects and completion rates.
This comes in line with the company’s efforts to enhance transparency and develop its disclosure framework, and in its commitment to keeping investors and shareholders continuously informed about its business developments and financial performance, the company said, in a statement to Tadawul.
This report will be continuously improved 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 (99%) and another project 74% complete.
Summary of the Company’s Projects
Project
Type of Project
Leasing/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%
Logo ofFirst Avenue for Real Estate Development Co.
First Avenue for Real Estate Development Co. issued today, Feb. 10, a report on the progress of executing its projects and completion rates.
This comes in line with the company’s efforts to enhance transparency and develop its disclosure framework, and in its commitment to keeping investors and shareholders continuously informed about its business developments and financial performance, the company said, in a statement to Tadawul.
This report will be continuously improved 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 (99%) and another project 74% complete.
Summary of the Company’s Projects
Project
Type of Project
Leasing/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%
