Seef Properties has taken a 50 per cent stake in the upcoming Muharraq Seef Mall near Arad Fort and signed a partnership agreement with Muharraq Mall Company.
The new partnership paves the way for the development of the BD18.7 million project whereby Seef Properties will be responsible for the leasing and management of the mall which is projected to open in 2014.
Integrated with the new corniche constructed along Arad bay, the Muharraq Seef Mall has a total leasable area of 30,000sq/m and will have on-grade parking with retail space spread over two levels. The project will contain retail and leisure outlets and has been designed to cater for the needs of the residents living in Muharraq and visitors. The project includes an open air amphitheatre that will be used for public and cultural events.
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