Our First Commercial Building
MTDC is proud to announce the inauguration of our first commercial office complex, a landmark development under our ownership. This project marks a significant milestone for the company as we expand our footprint in the real estate sector.
On May 30th, 2022, MTDC signed the Land Sale Agreement with the Housing Development Corporation (HDC) to acquire a prime plot of land in Phase 1 of Hulhumalé, strategically located in Lot No. 11634, directly across from Central Park. Spanning 6,194 square feet, this prime location is set to become a beacon of modern architectural excellence.
Immediately after finalizing the Land Sale Agreement, MTDC moved swiftly to appoint Gedor Consulting Pvt Ltd as the Project Management entity. Renowned for their unparalleled expertise in construction management and design consultancy, Gedor Consulting was tasked with developing both the concept and detailed drawings for the building, as well as overseeing project management and site inspection. Their reputation for excellence in the Maldives made them the ideal partner for this prestigious project.
To bring our vision to life, MTDC entered into a construction agreement with Hunan No.6 Engineering Company on September 25th, 2023. As a subsidiary of the esteemed Hunan Construction Engineering Group of China, Hunan No.6 Engineering Company boasts an impressive portfolio of successful projects, including the notable highway link road between Hulhulé and Hulhumalé. Their proven track record in delivering large-scale infrastructure projects ensures that our office complex is in capable hands.
Our ten-story office complex will feature a striking full-height floor-to-ceiling glass façade, encompassing a total floor area of 2,205 square meters. The building has been thoughtfully designed to include a range of modern amenities: a vibrant café on the ground floor, convenient basement parking, a state-of-the-art convention hall on the first floor, and flexible office spaces on the remaining floors.
In alignment with MTDC's commitment to environmental sustainability, the building incorporates an energy-efficient design philosophy. Key features include energy-saving lighting luminaires, Low-E glass to minimize heat gain, and advanced thermal insulation. These elements are integral to reducing the building's carbon footprint and ensuring long-term operational efficiency.
Currently, the project is in the preliminary stages of construction, with a targeted completion date in the third quarter of 2025. As MTDC continues to grow, this office complex represents a significant addition to our expanding portfolio, demonstrating our dedication to fostering sustainable development in the Maldives.