Saturday 11 July 2020

CBRE to manage retail, medical complex in Bahrain

MANAMA, October 10, 2019

CBRE Group, a leading commercial real estate services firm with a solid presence in the Mena region, has been appointed as leasing consultant and property manager for Alsayah Square in Busaiteen area of Bahrain.

A retail, commercial and medical complex, The Alsayah Square is located near King Hamad Hospital in Busaiteen.

This area of Muharraq is underserved, in terms of retail plazas, including drive thru’s and the location provides great opportunity for clinics and hospitals, particularly in the case of Alsayah Medical Centre, which is purpose built, said the statement from CBRE.

The high-specification property boasts an energy-efficient design and provisions required according to NHRA guidelines for the medical centre component, it added.

The development which is currently under construction, has a total gross land area (GLA) of 7,640 sq m and is scheduled for completion in the second quarter of 2020, said a company spokesman.

The complex will have retail outlets in the ground and mezzanine and first floor medical commercial as well as two stand-alone F&B drive thru units. It will have parking space for around 200 vehicles.

"We are pleased to have been presented with the opportunity to initiate a strategy to ensure the successful leasing of the development from pre-leasing stage," he noted.

"We will employ its considerable expertise to begin to establish the best achievable terms and tenant profile for the property," he added.-TradeArabia News Service


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