FIVE Holdings (BVI) Limited FIVE LUXE Achieves BCC & LEED Platinum Status (7343Q)
October 20 2023 - 1:00AM
UK Regulatory
TIDMAU83
RNS Number : 7343Q
FIVE Holdings (BVI) Limited
19 October 2023
FIVE Holdings Achieves Building Completion Certificate and
Attains Coveted LEED Platinum Status for FIVE LUXE, Hotel and
Residences in the UAE
October 19, 2023 - FIVE Holdings, a leading luxury development
and hospitality group, is proud to announce a significant milestone
in the completion of its prestigious project, FIVE LUXE, located in
JBR, the heart of Dubai. This exceptional development, comprising
222 hotel units, 222 residences, and 8 remarkable dining
establishments, has now secured the coveted Building Completion
Certificate (BCC).
FIVE LUXE stands as a testament to FIVE Group's unwavering
commitment to sustainability and environmental responsibility. It
is with immense pride that we share the achievement of the
Leadership in Energy and Environmental Design (LEED) Platinum
certification, awarded to this iconic property, attaining a
remarkable 89 points. This accomplishment underscores our
dedication to advancing environmentally conscious and sustainable
practices within our developments.
The Group's resilience in the face of challenges has also been
notable. Despite the difficulties posed by the Israel-Gaza
conflict, FIVE Group has maintained stability and continuity in its
operations. Revenue at both FIVE Palm Jumeirah and FIVE at Jumeirah
Village, has shown a slight increase when comparing the period from
October 1st to October 18th, 2023, with the corresponding time
frame in the previous year. reflecting the unwavering strength and
adaptability of the organizations.
For further information and inquiries, please write to Farah
Palia at Farah.palia@fiveglobalholdings.com .
About FIVE Holdings:
FIVE Holdings, founded by Kabir Mulchandani, has focused on real
estate development and a thriving hospitality division. The Group
is a vertically integrated hospitality group, and its current
portfolio includes 3 luxury hotels in Dubai, FIVE Palm Jumeirah,
FIVE Jumeirah Village and FIVE LUXE, which is expected to be fully
operational in 2024. In addition, the Group owns 1 hotel in Zurich
(Switzerland), FIVE Zurich, 2 hotels in Ibiza (Spain), Destino
Pacha Hotel & El Hotel Pacha and also the iconic Pacha
Nightclub (Ibiza).
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