Tuesday 5 December 2023

Amana takes over management of Bahrain's Wadi Al Sail Mall

MANAMA, June 1, 2022

Amana Property Management said it has signed an agreement with the Bahrain Defence Force (BDF) Military Consumer & Economics Association to take over the management of Wadi Al Sail Mall in West Riffa. 
A premier property management consultancy, Amana is a wholly-owned subsidiary of Bahrain Real Estate Investment Company (Edamah), the real estate arm of Mumtalakat Holding Company. 
Previously known as Edamah Property Management Company, Amana boasts extensive operational experience in the retail, industrial, leisure, and F&B sectors. 
A 14,000-sq-m property, Wadi Al Sail features a mix of F&B, fashion, retail, fitness, entertainment, and services. It is anchored by key tenants Carrefour, Cineco, Batelco, Starbucks, and Bath & Body Works. 
As per the deal, Amana will be responsible for all property management functions, including leasing, collections, facilities management, and marketing, with the overall aim of introducing new concepts and services to better serve the local community, said its top official. 
"Amana assists clients with the continuous development of their properties to help them achieve their potential and maximise returns," remarked its General Manager Waleed Adel Ali. 
"Through applying research and analysis methodologies, we aim to improve Wadi Al Sail Mall’s tenancy mix by introducing new concepts and services that will make it a more appealing proposition for residents in the mall’s catchment area," he noted.
On the strategic deal, BDF Military Consumer & Economic Association General Manager Brigadier Sameer Showaiter said: "Amana brings a wealth of expertise and a highly experienced team to the management of Wadi Al Sail Mall, which will help us achieve our strategic objectives of increasing footfall."
"Already an important lifestyle destination for surrounding communities, the mall offers an upscale family-oriented environment for shopping, dining, and leisure," stated Showaiter.
Amana’s services include property management, facility management, and asset management. Its comprehensive suite of solutions includes property leasing and marketing, collections, destination management, activation of land banks, and revitalisation plans, among others, he added.-TradeArabia News Service


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