Neighbourhood Retail Centre ground breaking in Janabiya
First Bahrain brings proven expertise to this new retail development Manama - Construction is underway on a neighbourhood retail centre in Janabiya, following a groundbreaking ceremony at the site of the new development where images of the new facility were publicly unveiled for the first time today. This event follows the recent announcement of the funding provided by Kuwait Finance House for this, the first phase of a USD 30 million development which has been designed by Sanad Engineering and being built by the Almoayyed Contracting Group.
Describing the key features of the new facility, Amin Al Arrayed, Chief Executive Officer of First Bahrain Real Estate Development Co., stated, "The first thing you will notice about this facility is its outdoor garden experience, offering an alternative to the traditional indoor mall. The facility will feature a landscaped courtyard with soothing water features, surrounded by restaurants and cafes. Anchored by a major supermarket, the facility will add value to the local community, providing the full range of necessities within a beautiful space to gather with friends and family in a natural environment."
"Recognising the common reluctance to enter basement parking, the facility will offer over 160 covered parking spaces at ground level for quick entry and exit. The ground level also features a street side cafe and a fast food restaurant with drive thru. The life of the centre is the platform level, accessible by multiple travellators and elevators located throughout the parking area. In addition to the restaurants, cafes and supermarket, the open air platform level will feature and a variety of shops providing a wide array of products and services."
The development is located at the corner of Avenue 27 and Road 7151, just off the Sh. Isa Bin Salman Highway along the way to the Saudi causeway. Given its position adjacent to a cultural heritage site, the centre will be easily visible from the highway. Situated along the heavily trafficked Avenue 27, the residents of Saar and Janabiya will all have quick access to the first major retail centre in this area.
Khalid Shaheen, Business Development Manager, added, "We are receiving strong interest in the centre with several well known brands already submitting letters of interest. There is clearly strong demand for conveniently located retail space positioned to reach this underserved market."
Built on an 86,000 square foot plot, the retail centre will offer 48,500 square feet of leasable area. In addition to the supermarket and three anchor restaurants, the centre will offer 23 retail units of sizes ranging from 151 to 1,345 square feet each. The project is due to open to the public during the second quarter of 2016.Developing through its wholly-owned subsidiary, FB Janabiya Residential Development Co., First Bahrain is expanding from its current investments in the industrial sector, where its Majaal Warehouse Co. has become the leading developer and manager of industrial facilities for SMEs. First Bahrain 's development team brings its entrepreneurial values and demonstrated ability to successfully execute on projects to this new retail facility.
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About First Bahrain
First Bahrain Real Estate Development Company is an innovative regional real estate developer established in Kuwait in October 2004. The organisation has a paid up capital of KD 31.5 million
Dedicated to achieving sustainable returns through collaborative relationships, First Bahrain creates enduring value for all stakeholders with a demand-driven investment approach. Operating out of Bahrain and Kuwait, First Bahrain is strategically positioned to execute projects across the GCC, in accordance with the principles of Sharia.
