July 5, 2010: The Independent Financial Centre of the Americas is pleased to announce strong progress in the development of the first building of the Centre: the LAIFEX Building.
Bernard Tschumi Architects and ARUP Engineering have been appointed to complete the Design Development Phase, including final design of the core and shell, layout of workspaces and interior design, guided by a clear brief of sustainability and environmental protection.
Local architects and engineers have been engaged to complete construction documents in close collaboration with Tschumi and ARUP ensuring continuity and overall integrity of the design.
This important phase of development happens at a time when the world economy shows strong signs of recovery, led by regions such as Latin America, leading to the acceleration of negotiations with future tenants and joint venture partners.
This exciting phase of our development will start in July 2010 and be completed by June 2011, with construction aimed at being completed by 2013.
About the Independent Financial Centre of the Americas
The Independent Financial Centre of the Americas is a purpose built financial city and trading platform to serve 21st Century Global Markets. Strategically located in the Dominican Republic, the Centre is set to become the new global standard for financial centres and the main platform for financial services in the Americas.
A legacy-free regulatory environment enabled by strong legislation provides commercial responsiveness with regulatory best practices while complying with G20/OECD directives.
The Independent Financial Centre of the Americas provides a strong value proposition to tenants by generating cost efficiencies, economies of scale and risk management through the consolidation of Front, Middle, Back Office and Technology functions in a new, efficient and scalable financial centre.
Construction begins in 2010 and infrastructure will be operational in 2013, providing leading institutions the opportunity to re-think Business, Operations and Technology today and move to a stronger strategic and cost efficient model aligned with current market challenges and global best practices.
Provided by: www.americas.com