Miral appoints Vindico Retail to deliver Yas South

Miral Asset Management, the government-backed developer of Yas Island, has appointed Vindico Retail to its Yas South destination in Abu Dhabi.

Yas South is an AED 12 billion master development with three precincts — The Residences at Yas Bay, the Media District, and Yas Bay itself, a waterfront destination including two hotels, a recreational pier and Yas Arena, an 18,000 seat entertainment venue. It is scheduled to open in 2019. Vindico will provide an integrated retail delivery design, management and on-site service across over fifty food and beverage and twenty retail units.

The appointment builds on earlier work with Miral. Vindico first supported the developer as retail delivery managers for Cascade Dining, the precinct linking Ferrari World to Yas Mall, and most recently delivered the retail and dining offer at A'l Bahar on the Corniche.

We understand the risks taken by developers of retail real estate, and so the commercial relationship with our clients acknowledges these variables in a fee model that is focused on outcomes achieved, not hours worked. Miral took the time to look beyond a traditional, resourcing based model that has not kept pace with the demands of today's retail environment.
Richard Kim, Managing Director, Vindico

Vindico's role covers retail delivery design, management and on-site services across the retail and dining units. The development of Yas South and the fit-out of each unit sit with Miral and the brands.