Marina West names Vanguard adviser
Manama, June 15, 2009
Marina West, Bahrain’s high rise residential beachfront community, has appointed Vanguard, a leading investment management company, as its strategic adviser.
Vanguard will advise on the lifestyle elements of the development which will involve preparation of feasibility reports, market analysis, and investment structuring.
The essential lifestyle elements of Marina West comprise the commercial retail units covering an area of over 21,000 sq ft and the marina element covering an area over 60,000 sq ft.
"We have selected Vanguard to perform this important task due to our complete confidence in their abilities to source strategic investors who would add value to the overall development by investing in these most critical elements," said Marina West managing director Mahmood Janahi.
"The retail and marina areas of the project are considered some of the most important elements of the Marina West development as they create the unique modern coastal lifestyle which we have promised our future residents and visitors.
"Vanguard will work with Portland Design Associates whom we have previously appointed to assist in the zoning of the retail areas of the project."
"We are very pleased to be selected by Marina West to become partners in the packaging and promotion of the retail and marina elements of this major urban investment project," said Vanguard managing director Hazem Janahi.
"These elements are critical as they form the cornerstones of Marina West. Our intention is to package these elements into an interesting investment opportunity then promote this to selective strategic investors,” Janahi added.
"Furthermore, we consider the partnership with Marina West to be a significant milestone in the advisory services that Vanguard provides since its inception in late 2007, particularly following the wide regional recognition of our services' importance and relevance.
"Moreover, considering the financial difficulties that the region is currently going through, advisory firms who can provide the necessary knowledge and advisory work are becoming most necessary." – TradeArabia News Service