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Tycoon Schumacher lends name to skyscraper
High demand for Schumacher office space
His Formula One career may be over, but seven-time world champion Michael Schumacher is showing no signs of slowing down his off-track activities as he is set to put his name to a skyscraper.

The 39-year-old quit full-time racing
16 months ago, but apart from a few stints as a testing for Ferrari, Schumacher is showing he is just as quick in business as he was on the track.

According to a report in German tabloid Bild, Schumacher is set to make five million euros as a property developer on the 29-floor office complex which will carry his name in Dubai, the United Arab Emirates.

Schumacher's manager Willi Weber confirmed the deal and added all the office space had sold out within three days as the complex has views of Dubai's premier hotel - the Burj Al Arab.

"The demand was enormous. Within three days all offices were sold," said Weber.

The Michael Schumacher Business Avenue, which will be a commercial and residential building, looks set to open in 2010.
Source: AFP

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