Half of BFH towers yet to be let out
, March 17, 2008
Half of Bahrain Financial Harbour (BFH) is still unlet and it could be a year until the current towers are fully let, it was revealed on Sunday.
BFH Holding Company and Financial Centre Development Company managing director Dr Omer El Mardi said that what had held the project back was a combination of being highly selective in choosing tenants and the fact that work on completing utilities and services was later than it should have been.
'Our electricity was permanently connected only two months ago,' said El Mardi.
He said that they had agreements of 80 per cent of the shopping centre to be let and that he expected the existing development to be full next year.
El Mardi was talking at the launch of a joint venture with Emcor Facilities Services Group which will provide facilities management for Bahrain Financial Harbour and offer services to other developments in Bahrain.
The services will include operations and maintenance, asset and property management and integrated system solutions.-TradeArabia News Service
More Construction & Real Estate Stories
- Dubai wins Expo 2020 with HOK masterplan
- UAE property group to invest $54m in Turkey
- Industrial facility rents up in Abu Dhabi
- DB Schenker breaks ground on new Dubai facility
- Arabtec inks $1.2bn UAE hospital contract
- Oman invites bids for key airport project
- Spanish group wins $105m Kuwait cable deal
- Swicorp plans $266m Saudi property fund
- Atkins to supervise $600m project in Oman
- Damac raises $348m in London share sale