Tall & Urban News

In a recent announcement, the stalled development in Dubai Marina, formerly known as the Pentominium Tower, has been acquired by Select Group, a renowned real estate developer headquartered in Dubai, United Arab Emirates.

Since its conceptualization in 2007, the Pentominium Tower development has long been a symbol of architectural aspiration. However, as with many projects, it faced challenges during the global financial downturn in 2008, bringing it to a halt. Earlier this year, the development was auctioned through the Dubai Courts approved administration process via Emirates Auction. After a highly contested bidding process consisting of 46 bids, Select Group was successful with a 100 million USD bid for the development.

Select Group has confirmed its partnership with world-renowned engineering consultancy WSP, architectural powerhouse Woods Bagot, and esteemed interior design firm Mitchell & Eades for this venture. Their combined expertise and innovative concepts will elevate this luxury project to unprecedented heights.

For more on this story go to Construction Week.