LONDON – Leading brand Versace ceramics has announced that it will be entering Pakistan’s real estate market through a luxury housing project in Lahore which will generate investment of around $30 million.
UAE based Diyar Homes announced collaboration with leading Italian design house Versace ceramics and Gardenia Orchidea on their $30 Million One Canal Road, luxury residential scheme in Lahore, at a press conference here at the Grosvenor House Hotel on Park Lane.
The press conference was addressed by Zeeshaan Shah, Co-founder Diyar Homes; Shaan Abbas, Director Diyar Homes Marketing, Francesco Lano, Business Development Director of Versace Ceramics from Italy; Kobi Karp; CEO and Founder Kobi Karp Architecture, Miami, USA; and Sara Rahal, CEO and Founder The Haute Interiors, Chicago, USA; and Kelly Birchmore of Diyar Homes.
Versace’s Francesco Lano especially flew in from Milan to take part in the press conference to announce entering into Lahore through the mega investment project. Lano announced that Versace ceramics will decorate walls and flowing at One Canal Road in Lahore will be decorated by Versace ceramics.
He said that this will be a first of its kind project in Lahore.
Zeeshaan Shah, who is leading the project, said: “It is an honour for us to be bringing a company of this stature to our project in Pakistan. We have worked with Versace Ceramics and Gardenia Orchidea on our international projects and now to bring them to Pakistan is a testament to the new levels of luxury One Canal Road will introduce to Lahore.
“Under the current design scheme at One Canal Road we’re looking at a record breaking 20,000 square feet+ of amenity space including a majestic 6500 square feet lobby entrance with 28 feet high ceilings, which will all be finished in the finest Italian Versace ceramics. This level of finishing and amenities are usually only found in the world’s most luxury hotels and that is the lifestyle we’re introducing to residential real estate.
“At Diyar Homes we look at real estate in it’s true essence through the prism of lifestyle, what is the function of good real estate, it improves standards of living and this customer centric approach is at the very forefront of our development process. When starting a project the first question we ask ourselves is how can this project change people’s lives. Then by leveraging our international development expertise and global network of leading development consultants with the utmost attention to detail, we look to not only raise standards of living but create lifestyles.”
Representing Versace Ceramics and Gardenia Orchidea, Francesco Lanno said the leading Italian brand was excited to be working on a first of it’s kind development in Pakistan.
The British Pakistani businessman said: “At Gardenia we look to develop long-term collaborations with like minded and design conscious luxury developers and I’m certain our global collaboration will continue to gain strength as they now roll out their super luxury developments across Pakistan and internationally.”
Zeeshan Shah said that Versace Ceramics surfaces are designed to transfer the luxury and exclusive elegance of the Versace lifestyle to all areas of the home, from the floors, through the living areas, to the bathroom.
He said: “In every design project the iconic subjects of Versace the fashion house become decorative accessories and transform spaces into unique and special settings when combined with ceramic slabs. The brand has been the ceramic of choice for numerous high-end private homes as well as royal residences and hotels across the world.”
Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)
In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.
Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.
UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.
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