HONG KONG, Feb. 4, 2016 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD), the world's leading premium schools organization, announced today that the group has signed a long term land lease for a new school to be developed in Abu Dhabi. We intend to subsequently enter into an arrangement with a developer who will finance and build world-class school facilities on the property on our behalf.
The new school will comprise a 2,250 seat campus set in spacious grounds very close to Abu Dhabi's new central business district. The campus, which is expected to open in September 2017, will feature extensive sports, science and arts facilities for students from the age of three to 18. Nord Anglia Education expects to invest $11 million over four years to equip the school.
"We are delighted to announce that we have signed a land lease to establish our second school in Abu Dhabi. The demand for premium K-12 education in the Emirate continues to grow strongly from both local families and expatriates alike. The excellent location and facilities of the new campus will allow us to provide an outstanding school for students in the city. Nord Anglia Education has provided high quality international education to children in Abu Dhabi since 2009, and we are now looking forward to building on this success with the opening of the new school." Andrew Fitzmaurice, CEO of Nord Anglia Education, commented.
The opening of the school is subject to receipt of further regulatory approvals.
This press release includes statements that express our current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward looking statements". These forward looking statements can generally be identified by the use of forward-looking terminology, including the terms "believe," "expect," "may," "will," "should," "seek," "project," "approximately," "intend," "plan," "estimate" or "anticipate," or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning among other things, our future enrollments, acquisitions, greenfield developments and strategies.
By their nature, forward-looking statements relate to events that involve risks and uncertainties or that depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those under "Risk Factors" in our most recent annual report on Form 20-F with the SEC.
Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.
About Nord Anglia Education, Inc.
Nord Anglia Education (NYSE: NORD) is the world's leading premium schools organisation. Our 42 international schools are located in China, Europe, the Middle East and Southeast Asia and North America. Together, they educate more than 34,750 students from kindergarten through to the end of secondary education. We are driven by one unifying philosophy – we are ambitious of our students, our people and our family of schools. Our schools deliver a high quality education through a personalized approach enhanced with unique global opportunities to enable every student to succeed. We primarily operate in geographic markets with high foreign direct investment, large expatriate populations and rising disposable income. We believe that these factors contribute to high demand for premium schools and strong growth in our business. Nord Anglia Education is headquartered in Hong Kong SAR, China. Our website is www.nordangliaeducation.com.
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Investors: Vanessa Cardonnel Corporate Finance and Investor Relations Director - Nord Anglia Education Tel: +852 3951 1130 Email: firstname.lastname@example.org
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SOURCE Nord Anglia Education, Inc.