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Bahrain, Manama:CBRE announces the first tenant agreements at Ain 520, the new boutique retail, F&B and leisure development on Budaiya Highway which is set to become one of the country’s popular lifestyle destinations.
The global real estate firm is appointed to lease and manage the property, which will offer over 5,000 sq.m across 14 stand-alone units and that offers an appealing, green environment for customers – inspired by art and nature. The project is currently pre-leasing and is expected to soft launch in early 2021.
- Starbucks are set to open with a drive-thru unit
- Three more restaurants are also committed and commencing fit out works, including:
Café Arabica, an International restaurant and Petit Café, a Lebanese eatery – all of which will accommodate shisha lounges.
Ain 520 provides space for: dine in restaurants with outdoor seating, convenience focused drive throughs, retailers, wellness and beauty centres and other uses. There is ample general parking and unit side bays for direct access.
Richard Botham, CBRE’s Senior Director and General Manager, said: “We are delighted to announce that the first four key operators have committed to lease space at Ain 520 which includes a Starbucks Drive Thru. This demonstrates confidence in the project and in the sustainability of, particularly, neighbourhood retail and F&B. Ain 520 offers something different with its organic development from residential compound to restaurant complex with free-flowing landscaping. We are confident the development will be successful in attracting the local community and visitors in this bustling location on Budaiya Highway’’.
CBRE Middle East’s highly experienced management team offers a full range of real estate services, including Valuation; Tenant & Landlord Advisory; Research & Consultancy; Property Management; Project Management; Facilities Management; and Global Corporate Services.
For enquiries about Ain 520, contact CBRE on +973 1655 6600.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting and development services. Please visit our website at www.cbre.bh
© Press Release 2020
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