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The firm notes PM and CM services are essential to project success, in light of construction cost increases compared to pre-pandemic levels
Thomas & Adamson has announced that it is delivering cost- and project-management services on four new F&B projects totalling 52,000sqft in Dubai and Abu Dhabi. The total development value of the projects is said to be US $35mn.
The firm notes that, post pandemic, the built environment has had to grapple with numerous supply chain challenges, including logistics bottlenecks and rising costs; supply-demand imbalances; shifting material preferences; extreme weather events; global conflicts, and even labour shortages.
Driven by diverse factors, these supply chain issues have had a pronounced effect on construction costs; in late 2022, one of the largest developers in Saudi Arabia, Dar Al Arkan, said it was forecasting a 15% to 20% rise in costs in the next 12 months, it added.
“Construction costs which include materials, labour etc. have increased by 8% to 12% year-on-year from 2020 to 2023. Cumulatively, that amounts to the cost of construction increasing by between 28% to 35% compared to pre-pandemic levels. This has had a significant impact on project budgets and stakeholder margins, which were already under pressure pre-pandemic. This means it’s absolutely essential that projects are delivered meeting quality standards, and agreed timelines, whilst remaining on budget. Taking into account our successful track record, the experience our team possesses with bringing projects in Europe, the Middle East and the United States to successful fruition, and our highly collaborative approach, we are on track to exceed our client’s expectations across these four new builds,” says Rudolph van Wyk, Director at Thomas and Adamson Middle East.
Sharing details on the projects, T&A said in Dubai it had delivered PM services for two new F&B offerings in the Dubai Hills district. Working with client Hotaru Holdings and interior fit-out company A&T Group Interiors, the company pointed out that it is facilitating the delivery of two unique Asian cuisine restaurants. Comprising two units totalling an area of 7,000sqft, both restaurants are expected to contribute significantly to the UAE’s fast-growing F&B scene.
The firm also stated it has just been appointed to deliver CM on a brand-new project with Caprice Holdings, owner of some of London’s oldest and most classic F&B establishments. Located in Dubai’s DIFC, the brief is to ensure the client is met with a reputation for culinary excellence, redefining Dubai’s dining landscape, captivating patrons, and becoming an iconic destination for indulgent gastronomy. This 15,220sqft, one plus mezzanine is the first from the brand’s global footprint to launch in the UAE.
In the capital, T&A highlighted it is working closely with an F&B asset owner and the broader supply chain, delivering both PM and CM services, to ensure a 30,000sqft project is delivered in line with the client’s expectations. The project is expected to achieve the Estidama Pearl 2 rating.
“Thomas & Adamson is honoured to work with its clients in both emirates on these exceptional F&B projects. While projects differ from each other, each will contribute significantly to the UAE’s thriving F&B sector, and we are pleased to be a part of their development journeys. F&B projects are complex and require a substantial commitment from every stakeholder to ensure that quality, time schedules, and budgets are maintained. Applying our experience as a global business has enabled us to achieve continuous success on a variety of construction builds for over 85 years and we are confident our exceptional service offering, and experience will guide these projects to successful conclusion,” concluded Wyk. |
