Tuesday 21 January 2020

BWTC twin-towers' occupancy hits new high in Q1

MANAMA, June 18, 2019

Bahrain World Trade Centre (BWTC), the kingdom's iconic landmark building, said it has achieved major growth in the occupancy levels with several new tenants signing up besides expansion of the existing leasing agreements for the twin towers.

Designed by international architectural experts Atkins, BWTC continues to be Bahrain’s top choice for high-end commercial office space, offering top-quality and flexible features with a fitting work environment for a wide range of tenants, thus enabling kingdom-based businesses to extend their reach both locally and regionally.

Moreover, with the non-oil sector performing steadily and financial services, transportation and communications sectors contributing significantly to Bahrain’s economic growth, BWTC has witnessed an increase in leasing enquiries, as international businesses make Bahrain their preferred Middle East office headquarters or look to enhance existing operations, said Savills, the new managing agent for the Bahrain World Trade Centre and the premium retail destination, Moda Mall.

With several of its long-term tenants including Ernst & Young, Diyar Al Muharraq and NGN international, investing in enhancing their business operations and expanding office spaces at BWTC last year, the first quarter has witnessed a number of high-profile tenants, it stated.

With a lot of choice in the market, tenants have always seen the benefit of being located in a grade A, prestigious, landmark, mixed use development, with the added benefit of sharing with the building with an array of blue-chip tenants - meaning it’s an excellent place to do business, it added.

"BWTC is a notable business landmark property that is Bahrain’s flagship business gateway to the world and the wider gulf region," remarked Donald M Bradley of Savills.

"As office space demand continues to rise, at BWTC, we constantly work towards evolving our commercial space offerings to cater to the complex operating requirements of our tenants with highly-tailored solutions," noted Bradley.

A major part of a prestigious global business network and home to an increasingly diverse set of international and regional companies, BWTC enjoys strategic positioning and access to the Gulf region, enabling companies to accelerate their business ambitions, he added.-TradeArabia News Service


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