Global real estate advisor Savills said it has secured a major management services contract from Bahrain World Trade Centre (BWTC), the kingdom’s premier landmark property.
Located prominently next to the King Faisal Highway, BWTC is Bahrain’s iconic business and commercial property address, including Moda Mall, location of many of the world's most famous fashion and retail brands, providing a unique customer experience all year round.
As per the deal, Savills will provide property management, leasing and facilities management and marketing services, covering its entire retail and commercial portfolio which includes the state-of-the-art office towers and Moda Mall, Bahrain’s only luxury shopping and dining destination.
The new partnership comes at a time when international occupiers are increasingly looking for iconic buildings within the Central Business District of Bahrain.
Paul Nathan, the head of real estate management for BWTC and Moda Mall described the reasons for partnering with Savills. "They have an experienced regional team backed up by global specialists. It’s important for us to work with a global market leader who can guide us on how to best position the asset to the latest international standards," he stated.
On the milestone agreement, Savills’ head of Northern Gulf Harry Goodson-Wickes said: "BWTC is one of the best commercial and retail spaces in the Middle East and we look forward to providing our best in class property services to local and international occupiers of BWTC and Moda Mall."
The announcement comes as Savills, one of the world’s leading real estate firms, progresses its ambitious growth strategy for Bahrain and the wider Middle East region, stated Goodson-Wickes.
Savills, which was established in 1855, currently manages over 1.9 billion sq ft of property globally, including skyscraper management, sustainability, retail and corporate occupier solutions.
A UK-listed firm, Savills has a global office network of over 600 wholly-owned and associate offices employing more than 35,000 people in over 60 countries.-TradeArabia News Service
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