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Manama: Seef Properties, one of the leading integrated real estate development companies in the Kingdom of Bahrain, has recently signed a lease agreement with Alnakheel Premium Ladies.
Alnakheel Premium Ladies will establish a state-of-the-art gymnasium dedicated only for women at Al Liwan Project; one of Seef Properties' promising developments that is located in Hamala in the Northern Governorate.
Alnakheel Premium Ladies occupies a total space of 1,204 square meters and will soon begin setting up the necessary equipment at its new location at Al Liwan, as it is anticipated to welcome its members once the project is launched, which will be during the first quarter of 2021.
The 122,000 square meters Al Liwan project oversees Wali Al Ahd Highway and consists of a wide variety of restaurants, cafes and retail stores, topped with 117 three-storey residential units that overlook stunning views.
Al Liwan also includes a cinema theatre and the largest family entertainment center in the Kingdom. The units grant residents access to a wide range of international brands and unmatched entertainment facilities within the project.
Al Liwan is the latest project developed by Seef Properties and comes within a bundle of leading projects executed as part of the Company's constant endeavors to diversify its investment portfolio, as well as serving its goal to continuously contribute to the development of Bahrain's tourism and retail industries.
On this occasion, Seef Properties Chief Executive Officer Mr. Ahmed Yusuf stated: "We are delighted to welcome Alnakheel Premium Ladies at Al Liwan Project. This agreement comes to fortify the new tenants base at one of the most prestigious and promising tourism and entertainment destinations in the Northern Governorate, considering its comprehensive facilities and green landscapes and supporting the Company's approach to invest in real estate developments, as well as increasing its contribution to the support of the national economy."
Meanwhile, owner of Alnakheel Premium Ladies Mr. Munther Al Farsani also commented on the agreement, saying: "We are proud to become part of Al Liwan. We have selected this project after taking into consideration its distinguished location in Hamala and its multiple modern facilities. At Alnakheel Premium Ladies, we are keen to provide a multi-purpose sports center for women through our new branch, while ensuring their privacy and security. The state-of-the-art center also encompasses the latest equipment and technologies in the field of fitness and sports."
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About Seef Properties:
Seef Properties B.S.C. was established in the year 1999 as a public shared company listed on Bahrain Bourse and its operations are headquartered in the Kingdom of Bahrain, becoming a leader in the retail, hospitality, entertainment and real estate development sectors on the level of the Kingdom. Today, Seef Properties manages a large portfolio of assets, promoting its position as a distinguished commercial brand. The vision of Seef Properties is centered to its constant strives to become a leading real estate company in innovation and diversity, driven by the implementation of the highest standards and values to achieve its goal in excellence, and the satisfaction of shareholders, partners and clients. The Company’s message is centered to the development, acquisition and management of a real estate investment portfolio that serves the retail, entertainment and hospitality sectors.
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