Bahrain Marina Development Company has appointed CBRE Bahrain to oversee the retail units within the project. CBRE Bahrain will develop a comprehensive leasing strategy that includes selecting the optimal mix of brands, planning the commercial area, and implementing occupancy strategies, said a statement.
Spanning a 250,000sqm area, Bahrain Marina boasts 128 retail units across high-end retail outlets, international restaurants, and renowned cafes. The project also includes luxury residential facilities, a marine club, and a five-star hotel. Bahrain Marina is one of the new waterfronts in the capital that aims to transform the shopping, tourism, and entertainment landscape.
Under the agreement, CBRE Bahrain will manage the day-to-day operations of commercial facilities and develop an innovative leasing plan. This plan will involve identifying tenant quality, creating a commercial distribution map, and ensuring a balanced mix of retail, hospitality, and complementary services. This appointment aligns with Bahrain Marina’s objective to attract global partners, ensuring a shopping and entertainment experience that enhances the project’s appeal as an integrated urban destination.
The Bahrain Marina Development Company has emphasised that the appointment of CBRE Bahrain marks a significant step towards elevating the commercial value of the project’s components, and laying the groundwork for a shopping experience in the Kingdom. Strategically located on the east coast of Manama, Bahrain Marina is a waterfront project that was developed with an investment of US $527mn.
The project will encompass retail stores featuring major brands, luxury restaurants, cafes, and a commercial complex. It also includes a yacht marina and marine club spanning 3,200sqm. The marine club will offer recreational activities and marine programs that aim to boost the tourism sector in the Kingdom, the statement explained.
The project provides a unique and distinguished accommodation experience for residents and visitors. It includes luxury freehold residential units, high-end hotel rooms, green spaces, and sports facilities. These amenities encourage an active lifestyle, enhancing the overall quality of life, the company stated.
CBRE’s global expertise will be instrumental in attracting prestigious brands and creating a shopping environment that caters to the aspirations of both visitors and residents. Through professional operational management and strategic planning, CBRE ensures the sustainability of the operation and maintains a diverse range of brands. CBRE Bahrain expressed its delight at partnering with Bahrain Marina on this significant project. It marks a pivotal moment in the real estate development landscape of the Kingdom of Bahrain.
“We will harness our global expertise to deliver an integrated operational experience that enhances the attractiveness of the project. As the designated company to manage the day-to-day operations of commercial facilities, we are committed to supporting Bahrain Marina in providing a strategic and structured approach to the management of this project. We believe this will elevate the destination to attract leading global and regional brands, enriching the commercial offering and reflecting the unique identity of the project,” said a CBRE spokesperson.
Bahrain Marina Development signs CBRE for premium project Middle East Construction News.
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