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- GEMS Tower marks second instruction for CBRE at BIIP -
Bahrain-CBRE,the global real estate advisory firm, has been appointed as the exclusive leasing and marketing consultants for GEMS Tower,located in Bahrain International Investment Park (BIIP), by Gulf Electronic Management Systems Co WLL (GEMS Co WLL).
Commencing with immediate effect, the contract was announced following a signing ceremony between Dr. Amar Mahmood, CEO, GEMS Co WLL, and Steve Mayes, Director, CBRE Bahrain. The event was also attended by Heather Longden, Associate Director, CBRE Bahrainand Prashant Arolkar, Accountant, GEMS Co WLL.
Steve Mayes, Director, CBRE Bahrain, said: "GEMS Tower is a well-established commercial office building in a strategic location. The property is ideal for companies of all sizes, and with the addition of micro offices, there are solutions for start-ups and smaller branch offices of international firms."
"BIIP benefits from a superb location - easily accessible by air, sea and road, and only 5km from Bahrain International Airport - it is an ideal location for industrial manufacturers and export orientated companies. We are delighted to offer this property as part of our portfolio and look forward to working closely withGEMS," added Mayes.
The well-established business park offers attractive incentives for international firms looking to establish industrial operations in Bahrain. BIIP tenancy benefits include 0% tax with a 10 year guarantee; 100% foreign ownership; duty free access to GCC markets and no Bahrainisation restrictions assured for up to five years.
Commenting on the announcement, Dr. Amar Mahmood, CEO, GEMS, said: "We are delighted to announce CBRE as our strategic partners for GEMS Tower. The building is already a highly sought-after address for both local and international firms. The tower provides world-class facilities, including conference rooms, an auditorium for seminars and meetings, 24 hour security and CCTV, as well as an onsite cafeteria and prayer rooms."
The appointment marks the second instruction for CBRE at BIIP, whocurrently acts as the managing and leasing consultants for Bahrain Industrial Oasis, 55,000m2 of pre-built manufacturing units, owned by Kuwait Finance House.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.bh
© Press Release 2015
