Manama: Bahraini real estate developer Cityview has remobilised to resume construction work on the stalled Landmark Cityview building project, it has emerged.
Cityview, which is a 51:49 joint venture between Ithmaar Bank, a Bahrain-based Islamic retail bank, and Ebrahim Abdulaal Group, yesterday said it plans to deliver all units by December this year.
It was reported on Sunday that work on the stalled project was set to begin with the developer submitting a plan for construction to the ministerial committee for urbanisation and infrastructure.
Sunday’s report quoted committee chairman Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa as saying that the panel tasked to study stalled real estate projects had obliged Cityview to carry out the scheme as per the schedule submitted by its board.
“The developer has been urged to honour its commitments, failing which the project will be referred to the stalled real estate settlement committee,” Shaikh Khalid said.
Yesterday’s announcement quoted Cityview chairman Abdulhakeem Al Mutawa as saying that the company was “committed to completing the 23-storey residential apartment building as soon as possible”.
“The Landmark Cityview project was unfortunately put on hold in 2011 due to circumstances beyond the developer’s control,”
“Determined to deliver the project as soon as possible, the board of directors have taken major decisions over the past few months and made key appointments to ensure construction work resumes and finishes as soon as possible,”
“A detailed survey of the project has since been conducted studying the building and all elements of the construction,”
“The survey confirmed that construction on the project may be resumed, and that the structure of the building allows the construction to be completed,”
“In parallel to the survey, a pre-qualification for various contractors was also done, and expressions of interests and pre-qualification documents were received from multiple contractors,”
The Cityview board has deployed necessary resources and proceeded to the next stage, tendering for the remaining construction work.
Construction is expected to resume in April.
Landmark Cityview is a residential tower in the Seef District across the highway from Dana Mall. The freehold project comprises a total of 88 apartments with amenities.
The developer declined to disclose the cost of the project.
Source: GDNonline