Saturday 15 June 2024

Bahrain National Holding picks CBRE as property manager

MANAMA, April 1, 2024

Global real estate advisor CBRE has been appointed by Bahrain National Holding (BNH) to exclusively manage and lease the BNH Tower located in Seef District, and a commercial building located in Sanad which also accommodates a branch of its subsidiary bni.
Situated in the heart of Seef District’s commercial zone, BNH Tower offers modern commercial office space with a total lettable area of 5,000 sq m and a typical floor plate of 530 sq m. The 10-storey building provides 115 parking spaces on the ground floor and first floor for occupiers and visitors.
Located in Sanad, just off Estiqlal Highway, the commercial building is built over six storeys, with 2,980 sq m of commercial office space and a typical floor plate of 460 sq m.   
BNH Group CEO Raed Fakhri said: "We are pleased with our new partnership with CBRE. We believe CBRE will bring value to our real estate assets, and support us in achieving our strategic investments objectives."
"Our properties are in premium locations in the Kingdom of Bahrain and they can now benefit from CBRE’s network and expertise," he stated.
Richard Botham, Senior Director & General Manager at CBRE Bahrain, said: "We are very pleased to have been appointed to manage these two key assets for BNH. The properties are well situated - with BNH Tower in the CBD and a commercial building in a logistically well-placed out-of-town location."
"We look forward to working with our client as property managers and leasing strategists to support and advise on providing best practice in the operation of the property and offering the best level of service available to tenants," he added.-TradeArabia News Service


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