Dubai’s GIO and Gianfranco Ferré’s multi-billion dollar real estate venture
Published in Dubai has quite literally become the second home of high-end luxury labels. Armani, Versace, Missoni, Lacroix, Cavalli…the list is impressive. Now Italian powerhouse Gianfranco Ferré and Dubai-based design-savvy developer Galadari Investment Office (GIO) have joined hands to launch a series of projects world-wide, the first of which will obviously be in Dubai. To be built at a staggering cost of $ 1.2bn (Dhs 4.4billion), the mixed-use tower will be called Gianfranco Ferré Stresa.
GIO, who have already claimed a coup by bringing in Philippe Starck’s design-oriented property company YOO to the Middle East to develop the highly-anticipated G-tower at Dubailand, are at the forefront of developing properties in the region for a very discerning audience.
Ferré, who passed away last year, is often known as the architect of fashion and credited with bringing well-constructed white-shirts to women’s wear. He, in fact, graduated as an architect from the prestigious Politecnico di Milano, before starting his high-profile career in fashion.
jake kline said
Hi I’ve been following up on Dubai’s branded property sector and yup GIO were the first to introduce it to the mid east and now the first in the world with Ferre. Cavalli never went through, and i don’t think he will ever build anything except for a night club which he is doing in Dubai so I guess atleast he recognizes his level ;-). I heard GIO were the first ones to talk with Cavalli and even they let go cause he was to insane with his demands and after they heard he was doing a night club they didn’t want to associate themeselves with him cause they thought it was cheap. Missoni is a hotel with Armani and Versace just offering furnished apartments nothing unique and Lacroix well um no comments :-)
Artem said
If you want to buy appartaments in this project call me +971502107300
f.sabbagh said
i would like to know…. what is this about…. uding names from the clothing design and stappling them on architecture and construction…i am puzzled…. could u explain.