First Bahrain, an innovative real estate developer, will be launching a new neighbourhood retail centre El Mercado Janabiya at the upcoming Gulf Property Show, a boutique showcase for real estate and property development in the Northern Gulf.
A key regional event being organised by Bahrain-based Hilal Conferences and Exhibitions (HCE), the Gulf Property Show will be held from April 26 to 28 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister of Bahrain at the Bahrain International Exhibition and Convention Centre.
Due for opening shortly after the exhibition, El Mercado Janabiya will deliver a broad array of services and food and beverage options to southern Saar and Janabiya, said a top official.
“We are very proud to exhibit our latest development, El Mercado – Janabiya, at the Gulf Property Show,” remarked Amin Al Arrayed, the chief executive of First Bahrain.
“The feedback that we have received from the neighbouring residents of Janabiya and Saar as well as prospective tenants has been overwhelmingly positive which encourages and reassures our belief in our new project debuting at the show,” he noted.
According to him, the construction and landscaping are in their final stages of completion with a soft opening scheduled for May 2016.
“Already 80 per cent leased, the open-air marketplace is sure to become a favourite place to shop and eat with family and friends,” he stated.
Along with the newest and largest Al Osra Supermarket in Bahrain, the market will feature an elegant ladies’ salon, a classic barber for men, and an educational toy shop.
El Mercado Janabiya is actively seeking services to complement the existing offerings including a bank, laundry, and optician shop, it stated.
Lauding the project, Jubran Abdulrahman, the managing director of HCE, said: “El Mercado provides a high-class development from a reputable institution for visitors at Gulf Property Show. The state-of-the-art development demonstrates the quality First Bahrain delivers in all its projects, creating a memorable lifestyle experience that meets real market needs.”
Gulf Property Show’s strategic sponsors are Diyar Al Muharraq and Manara Developments in association with the Bahrain Property Developers Association (Bapda).
First Bahrain, which was established in Kuwait in 2004, has a paid-up capital of KD23.3 million ($78 million) and owns or holds rights to over 1 million sq ft of strategically located lands in Bahrain.
Dedicated to achieving sustainable returns through collaborative relationships, First Bahrain creates enduring value for all stakeholders with a demand-driven investment approach.
Operating out of Bahrain and Kuwait, the company is well known for Majaal, an SME (small and medium enterprises)-focused industrial facilities development at the Bahrain Investment Wharf in Hidd.
The $40-million complex includes seven buildings which are fully leased to a diverse portfolio of tenants, generating stable cash flow for the company.
Building on its success in industrial property, First Bahrain now expands into commercial development with El Mercado Janabiya, a neighbourhood market built on an open-air elevated platform, which is due to open to the public in Spring 2016.-TradeArabia News Service
Source: TradeArabia.com