Knight Frank Mena, Radius Group to set up logistics park in Dubai

Radius Group has teamed up with Knight Frank Mena to launch its project, Radius City Logistics, in Dubai Investments Park 2 (DIP II). Knight Frank Mena will be its exclusive leasing and marketing consultant.  The partnership highlights a milestone in the region’s industrial sector, with Radius securing a 5.2-hectare site. Knight Frank Mena’s Industrial and Logistics team is facilitating the acquisition, development process and leasing upon completion for Radius, working together to ensure the project meets the highest standards available in the market. According to Knight Frank Mena’s research, DIP is the second most sought-after industrial rental location after Al Quoz in Dubai and there is a low supply of stock in the DIP area. Radius City Logistics will be the first-class A speculative temperature-controlled facility in the UAE, developed to international, institutional standards.