2) Project general description<br />Project rank : <br />This project will be 2nd approved Carrefour market in Kuwait.<br />1 Hyper and 1 Carrefour market are opened Kuwait and 1 Carrefour market secured will open in 2012.<br />Project location<br /><ul><li>Al Salam mall is located in the iconic Salem Al Mubarak street, </li></ul>Description of the Mall: <br /><ul><li>Shopping Mall with 5 levels GF + Mezzanine + 1st ,2nd and 3rd floor; GLA 25,101 m2
Project construction period 18 months starting from July
125 retail shops and restaurants and entertainment.
800 multi level car parking to be finalized on the 15th of JUN</li></ul>Description of the Premises: <br /><ul><li>Carrefour is located at the basement level with 2 Travelators.
Travelators Escalators and elevators, between levels.
Land lord<br />SAMA real estate is the owner of this project<br />Dubai Gate real estate company under Shuwaikh gate holding is the <br />Property management and the man contractor of AL SALAM MALL <br />General Manager Eng. Omar Nigm<br />Owner Sheikh Thamer AL Osaimy <br />All legal contracts will be under Dubai Gate real estate <br />
Option -2-<br />To be finalized <br />Multilevel car <br />Parking 800 cars<br />
Proposed agreement (Size, Rent rules, Service charges)<br /> For the first 5 years: 7KD per m2.<br />The rent increases by 13% instead of 10% for each 5 years.<br />Service charge included <br />Total GLA 7,969 MSQ<br />Down payment 2 years against Cheque guarantee. <br />
Proposal of SAMA in FEB 2010<br />Good Evening M. Fabrice In reference to our last meeting i would like to inform you about our final decision concerning the rental rates for salmiya: For the first 5 years: 7KD per m2.The rent increases by 13% instead of 10% for each 5 years. Hoping our proposal will meet your kind approval.Thanking you. PS: As for the internal layouts i will send them as soon as we receive them from the municipality. Best Regards, Charbel HAYEK Marketing & Sales Coordinator Real-estate Dept.Sama Holding MOB: (965) 99983528<br /> <br />