March 2016 – Page 4 – Impact Estate

Impact Estate presents UK-based property investment in City Centre

March 2016, Manama, Kingdom of Bahrain: Impact Estate w.l.l. is set to launch UK-based investment opportunities at its exclusive stand in the City Centre of Bahrain from 10th to 12^th of March 2016. During three days sales team of the company’s International Properties Department will present special deals for investors interested to invest in the United Kingdom.

The expansion into the International Property market is a new and exciting chapter for the award-winning company. Stable and secure property market in the UK has been attracting property investors from around the globe. Therefore, Impact Estate has recently joined forces with some of the most prestigious developers in the United Kingdom, and now the company’s ever-growing property portfolio includes exclusive projects in York, Manchester, Liverpool, and Nottingham.

Among the projects which will be presented by Impact Estate in the gallery of the City Centre are student accommodations in Liverpool and York as well as water-front apartments in Manchester. With the prices starting from BHD 38,000, all properties have advantageous location, high quality modern design and 6-8 % annual returns.

The Developer’s representative from UK, will be available at the stand to answer questions and give investment information about the projects. Additionally, Impact Estate will run a raffle among the clients who would book one of the units during three days of the promotion in City Centre. The lucky winner will be offered a return ticket to UK to visit the property.

Oksana A. Konyshevska, General Manager of Impact Estate w.l.l. says: “We are excited to offer new investment opportunities to our clients. Even that Bahrain is very attractive in terms of property investments, some buyers are looking for real estate outside of the Kingdom. With UK’s property market considered as one of the safest investment in the world, we are confident to offer our clients international projects with high levels of consistent capital growth and dependable returns.”

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Award winning Impact Estate w.l.l. is a subsidiary of Impact w.l.l. and is a privately held full-service real estate company based in the Kingdom of Bahrain. The focus of the company is to provide unrivalled and specialized service and consultancy in the real estate sector. Impact Estate was founded in 2008, and over the years has successfully completed numerous projects worth in excess of US$ 200 million. As a result of company’s various services and the outstanding market knowledge, Impact Estate achieved prestigious Arabian Property Awards for two consecutive years, including ‘Best Real Estate Consultancy in Bahrain’, ‘Highly Commended Real Estate Brokerage in Bahrain’ and ‘Highly Commended Real Estate Marketing’.

The company’s expertise covers project marketing including feasibility studies, market assessment and project launching, property and building management together with rental activities and tenancy management, commercial and residential property brokerage as well as relocation. A diversified team of highly competent and knowledgeable professionals with a considerable experience is keen to help clients successfully meet their real estate objectives. Personalized client service and high professionalism attract developers and landlords as well as individual and corporate clients. Impact Estate has a strong reputation built on providing solutions, trust, respect, and responsiveness and is now one of the most sought after companies for real estate advisory and consultancy in Bahrain. The company has a proven track record having successfully completed numerous client projects worth in excess of US$ 200 million. More information on our services is available at www.impact-estate.com.

Haji Hassan, a Bahrain-headquartered construction-focused group, has for the second successive year signed up as a strategic sponsor of gulfBID exhibition, to be held in the kingdom in April.

gulfBID 2016 is the annual specialist construction and building material exhibition targeting Saudi Arabia, Bahrain, UAE, Oman, Kuwait and Qatar.

The show is held under the patronage of the Prime Minister of Bahrain, HRH Prince Khalifa bin Salman Al Khalifa, and runs from April 26 to 28 at the Bahrain International Exhibition and Convention Centre.

Adel Hassan Al A’Ali, director of the Haji Hassan Group, said: “Our strategic sponsorship support for gulfBID delivers two goals for the company. Firstly, we look to promote the world-class capabilities of Haji Hassan which has been built over 60 years of expertise and investment in our facilities; and second, we see gulfBID as an important showcase to present Bahrain as a leader in quality building materials.”

Haji Hassan Group, which has joint venture partnerships across the GCC, is a conglomeration of complementary businesses which have been serving the construction and industrial services sectors in Bahrain and the region since 1952.

The company manufactures building materials, precast concrete, ready-mix concrete, plastic and sewage pipes, construction chemicals, concrete blocks, steel reinforcement, rubber and mechanical engineering spare parts, all of which are essential for the construction sector.

The group has an impressive track record of high-profile construction projects in Bahrain. This includes the Sitra Causeway; Durrat Al Bahrain; the North Manama Causeway; runway upgrades and new apron stands at Bahrain International Airport; and the Sofitel Bahrain luxury resort hotel.

“Bahrain has been a pioneer in the building materials sector, not only because of the standards set by the private sector but also because of the stringent specifications imposed by the government through the Ministry of Works,” said Jubran Abdulrahman, managing director of the event organiser HCE.

“The participation of Haji Hassan provides visitors an insight into an iconic company involved in the development of the building materials sector in the GCC who have developed products to meet the the ongoing requirements of the GCC construction sector,” added Abdulrahaman.

A regular exhibitor at gulfBID, Haji Hassan will be showcasing products and services from its portfolio of joint venture partners and divisions, including Bahrain Precast Concrete, Bahrain Blocks, Haji Hassan Readymix, Arabian Chemical Industries (Isola), Haji Hassan Reinforcement, Arabian Parts Company and Bahrain Pipes.

gulfBID takes place alongside two other major exhibitions – the Gulf Property Show and gulf Interiors – thus ensuring the continued success of the biggest integrated business-to-business showcase for the construction, interiors and property sectors in the Northern Gulf.

Source: tradearabia.com

The level of contract awards in the GCC projects market will fall slightly to $167 billion in 2016 compared to $197 billion in 2015, but the impact of oil price volatility will be limited, a new report said.

This is a clear drop, but nothing as pronounced as the delayed drops in 2010 and 2011 which followed the global economic crisis, according to research presented at an event recently hosted by Ventures Onsite, a construction projects information platform, in Dubai, UAE.

The reason, according to Julian Herbert who presented the data on behalf of Ventures Onsite, is that there is no clear relationship over time between oil price levels and the value of project awards.

“Despite anxiety in the media and elsewhere about the low oil price, history shows that the value of contract awards is not necessarily at its highest or lowest when the oil price peaks or troughs,” said Herbert.

“Three years ago, bodies like the International Energy Agency were predicting a marked softening of the oil price as a response to the impact of US tight oil production and sustained Saudi oil output. This warning gave GCC governments a two to three-year window in which to stockpile surpluses to spend strategically on long-term projects and on social and transport infrastructure.”

The data shows that this is happening, most notably in Kuwait – which awarded over $35 billion in contracts in 2015, its highest ever – and Qatar which awarded $34 billion in 2015, for the second year in a row. Oman too recorded contracts worth over $18 billion with water, power generation and industrial diversification projects featuring prominently.

History also shows that major events over a five-year time span, starting with the global economic meltdown in 2008/09 leading up to the award of Expo 2020 to Dubai in December 2013, have compelled companies involved in the construction sector and governments to adapt, making them better able to take advantage of opportunities when they arrive.

For this reason, while Saudi Arabia and to some extent Abu Dhabi is treading a cautious path with projects, the rest of the GCC – Dubai, Kuwait and Qatar in particular – will be alive with activity for the next two years, Herbert explained at the event.

Over a hundred representatives from companies across the construction industry, met at the Grosvenor House hotel in Dubai to hear about the state of the GCC construction projects market.

Mibu John, head of Syndicated Research from Ventures Onsite also shared information about expected project tenders for the next 12 months and the top projects to look out for.

“We expect to see contracts worth $167 billion being awarded to contractors in 2016, which is nearly 15 per cent less than the total value of contracts awarded in 2015,” said John.

“We have seen some major contractor awards already in January and February such as The Royal Atlantis Resort, Bahrain International Airport expansion, Borouge BOG compressor, Sohar-Ibri IPP to name a few. The top projects to look out for in the coming months include the Route 2020, MMRT contracts, Alba Sixth Potline expansion, Qatar Power Transmission – Phase 13 among others.

“It is our strong intention to stay close to our clients and support them with their information needs – on a project-by-project basis as well as at a higher industry level,” he added.

“In the past two months, many of our clients have been asking us about the outlook for 2016-17 and we saw this event as an opportunity to reach our clients and prepare them for both embracing the coming opportunities and facing the challenges ahead. The response to the event was amazing and we hope to put together more events likes this in the future for our clients in different cities and countries,” John concluded.

Source: TradeArabia.com

Impact Estate has launched their UK based properties