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Bahrain Marina Development signs CBRE for premium project

Bahrain Marina Development signs CBRE for premium project

ME Construction19 hours ago
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.
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