GENESIS PROPERTIES SECURES LAHORE GLOBAL VILLAGE IN LANDMARK BID, IGNITING A NEW ERA IN CBD PUNJAB'S VISIONARY DEVELOPMENT

Lahore Global Village (LGV), a beacon in the city's urban landscape, propels forward with a groundbreaking shift as the Punjab Central Business District Development Authority (PCBDDA), also known as the Central Business District Punjab (CBD Punjab), officially takes charge of its sales and marketing operations.

Guided by the forward-thinking directives of Chief Minister Punjab, Mohsin Naqvi, this milestone development signifies a pivotal moment in the project's nine-year journey. Formerly known as LDA Walk and Shop Arena, Lahore Global Village undergoes a transformative renaming, signaling a renewed focus and direction under the adept management of CBD Punjab.

The fiercely contested bidding process saw active participation from three key bidders - Star Marketing, Genesis Properties JV Techno Construction, and Times Construction. Genesis Properties emerges triumphant, securing the retail area for Rs 405 sq ft, the kiosk for Rs 500 sq ft, and clinching the kids' area and rooftop at an impressive bid of Rs 100 per sq ft. Additionally, Genesis Properties will undertake the responsibility of rent and marketing management for Lahore Global Village.

The approval of the bid by the auction committee of CBD Punjab, following meticulous due diligence and formalities, marks the initiation of a transformative era for Lahore Global Village. Imran Amin, CEO of CBD Punjab, extends warm congratulations to Genesis Properties, emphasizing that Lahore Global Village is positioned as a unique project set to elevate the city's offerings for its residents.

While expressing his views CEO CBD Punjab, Imran Amin said "Lahore Global Village is a distinctive project for the residents of Lahore, and we believe that, with the successful bidding and partnership with Genesis Properties, it will continue to thrive and serve as a hallmark for the city".

This strategic move not only aligns with the city's growth objectives but also underscores the commitment of CBD Punjab towards crafting a distinctive and flourishing urban landscape.

Comments

Huawei and OPPO Sign Global Patent Cross-licensing Agreement

Huawei and OPPO announced the signing of a global patent cross-licensing agreement, which covers cellular standard essential patents, including 5G. "After more than 20 years of continuous innovation, Huawei has developed multiple high-value patent portfolios in the global marketplace in domains like 5G, Wi-Fi, and audio/video codecs," said Alan Fan, Head of Huawei's Intellectual Property Department. "We are delighted to have reached a cross-licensing agreement with OPPO. The mutual recognition of intellectual property value between companies is a major step towards fostering a positive cycle of innovation and research in high-value standards: investing, receiving returns from investment, and then reinvesting. This will enable our industry to keep innovating and provide consumers with more competitive products and services." "We are very pleased to enter into patent cross-licensing agreement awith Huawei. It clearly demonstrates that the two compan...

Pakistan’s Maaz Masood Ansari wins ACCA’s Regional Advocate of the Year award

ACCA (the Association of Chartered Certified Accountants) has recognised Maaz Masood Ansari, Executive Director Financial Advisory, Deloitte, with its Regional Advocate of the Year Award for Middle East and South Asia (MESA) region. The ACCA member from Pakistan, Maaz, was lauded for his contributions to developing professional accountancy across Pakistan, particularly in supporting Deloitte trainees and employees at department level further develop and become ACCA members themselves. “ACCA’s Advocacy Awards are not about career achievement but about the way that ACCA members give back to their communities, and help ACCA to develop the next generation of professional accountants. ACCA members in Pakistan are a driving force at the forefront of the accounting industry. Maaz has set a great example for all professionals in the country on how they can lead the profession into the future by dedicating their efforts to developing future-ready talent.” – Sajj...

CBD PUNJAB CEO PUSHES FOR EXPEDITED COMPLETION OF WALTON ROAD PROJECT

CEO Central Business District Punjab (CBD Punjab), Imran Amin, chaired a comprehensive review meeting to assess the progress of the Walton Road Upgradation Project. This pivotal initiative is set to significantly enhance the infrastructure of Punjab's provincial capital. The meeting was attended by Executive Director Technical CBD Punjab Riaz Hussain, Director of Architecture and Planning Samir Aftab Sial, and official contractors of the project. Executive Director Technical CBD Punjab, Riaz Hussain, provided an extensive briefing on the project's progress, highlighting key milestones achieved. Notably, the completion of the main trunk sewer and the remodeling of the ADA Nullah were reported. The ADA Nullah will soon be connected with the newly constructed nullah, marking a critical step forward. Additionally, the sub-base work ...

Tech UP

Search This Blog