Bahrain Business

Financial harbour set to welcome

June 20 - 26, 2007
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Gulf Weekly Financial harbour set to welcome

THE Bahrain Financial Harbour (BFH) is preparing for the arrival of its first tenants by this week, the chief developer of the project said.

“We are galvanising for the arrival of the first three companies – Servcorp, Reuters and a local bank – and there are a few more hot on their heels, so we are off to a strong start,” said Stephen Rothel, chief executive of Bahrain Financial Harbour Holding Company (BFHHC).
Mr Rothel was speaking shortly after the BFHHC appointed real estate consultants Cluttons as property managers for the main financial centre at the heart of the $1.5 billion development.
Cluttons will market the project internationally, and co-ordinate with the construction teams on the handover and commissioning of the project. The firm’s services will also extend to maintenance, the supervision of tenants and all accounting functions.
Cluttons has been active in the Middle East since the mid-1970s, and has been involved in some of the biggest real estate and infrastructure projects in the Gulf, including the Almoayyed Tower in Bahrain, the Pearl in Qatar and the Kingdom Centre in Riyadh.
The two completed BFH towers each have 52 floors available, but Rothel points out that the number of tenants does not necessarily relate to the overall occupancy level.







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