Property Weekly

First Bahrain's Majaal signs up anchor tenant

April 28 - May 4, 2010
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Regional real estate developer, First Bahrain, has signed a prime tenancy agreement with Pods Bahrain, making it anchor tenant for the first phase of Majaal, the country's first small and medium enterprises (SME)-focused warehousing and logistic development designed to service the kingdom's industrial sector at Salman Industrial City.

Pods Bahrain, a manufacturer of pre-fabricated high-quality bathroom and kitchen units in the region, will move its headquarters to Majaal's premises, occupying 4,000 sq/m of the state-of-the-art facilities.

Amin Al Arrayed, general manager of First Bahrain and a board member of Majaal Warehouse, said: "I would like to welcome Pods Bahrain to Majaal's integrated business community as our anchor tenant.

"Majaal represents our initiative to support and strengthen the kingdom's emerging industrial segment of the SME sector, an area of major focus for stimulating growth in economies around the globe. This key partnership endorses Majaal's unique offerings which exceed current market standards in providing secure, cost effective warehousing facilities for tenants."

Moving its headquarters to Majaal will allow Pods Bahrain to expand its manufacturing operations which are currently conducted at Mina Salman.

Matthew Mullins, managing director of Pods Bahrain, said: "The availability of cost-effective and flexible spaces in this prime location at the new Salman Industrial City in Bahrain, have allowed us to move our administration, manufacturing and storage facilities to a common location, streamlining facilities that were previously disparate."

Majaal, First Bahrain's inaugural project, is located within the Salman Industrial City at the Bahrain Investment Wharf, providing easy access to Khalifa bin Salman Port and other major transport links in Bahrain.







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