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GFH Real Estate chief executive Majed Al Khan.

GFH RE to showcase $1bn projects at Cityscape Global

MANAMA, August 31, 2016

GFH Real Estate (GFH RE), the new real estate subsidiary of Bahrain-based GFH Financial Group (GFH), said it will showcase its $1 billion worth GCC portfolio at the upcoming 15th Cityscape Global event in Dubai, UAE.

One of the largest international exhibitions specialising in real estate investment and development, Cityscape Global will run from September 6 to 8 at Dubai World Trade Centre.

GFH RE said the key projects to be featured at the three-day show includes the Harbour Row residential project and the adjoining Harbour North commercial and retail area in Bahrain.

Harbour Row will include six buildings in total comprising 450 residential units and a retail area supported by full leisure and commercial facilities being developed in the adjacent Harbour North located in the prime waterfront areas of the Bahrain Financial Harbour (BFH).

At the event, GFH is set to update the market with its recent endeavours to recommence works in the flagship $700-million Villamar@the Harbour project, said a top official.

"With the launch of GFH Real Estate, a specialist subsidiary of the group, we continue to build our development capability and our focus on bringing to market exciting and new landmark projects like Harbour Row and Harbour North," remarked Majed Al Khan, the chief executive of GFH Real Estate.

"We are delighted to be taking part in Cityscape once again and presenting our GCC-based projects to visiting investors, corporates and end-users," noted Khan.

"GCC real estate markets, both in Bahrain and the UAE where our projects are based, remain buoyant and provide for strong opportunities - be it for investors or potential occupiers," stated Khan.

According to him, GFH RE will also be showcasing its newly announced California Village in Dubai at the event.

California Village is planned to be a vibrant new residential community with state-of-the-art facilities and a full range of services and amenities within a pedestrian-oriented environment. It will comprise the California Residences and Heights that include 234 villas in addition to more than 150 highly specified apartments.

GFH RE projects will be presented at Cityscape by a delegation of its senior management team headed by Khan, and executive members of the GFH real estate and placement teams who will be on hand to share opportunities with prospective investors and strategic partners, said the company in a statement.

A specialist real estate developer, GFH RE manages up to $1-billion worth of end project value in GCC region.

The company builds on the extensive development track record of the group across the Middle East and North Africa (Mena) region and global markets and is aimed at extending its investment and development capabilities and geographic reach.

"We have already generated significant interest from the market in these projects and are looking forward to building further knowledge and interest and continuing to successfully progress our plans for these and additional projects both those under way and in development," he added.-TradeArabia News Service




Tags: Bahrain | Cityscape Global | GFH Real Estate |

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