Monday 16 December 2019
 
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Edamah signs leasing deals for Bahrain waterfront project

MANAMA, 14 days ago

Bahrain Real Estate Investment Company (Edamah), the local real estate arm of the kingdom's sovereign wealth fund, said it has recently signed lease agreements with several tenants including Food World, CrossFit Muharraq, Bunzz Food Truck, Kushari Boulevard, Qahwa and Karak and Karam Al Bahrain, who will be opening outlets at Sa’ada Waterfront.

The Sa’ada project, endorsed by HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, is a vibrant lifestyle development project providing a community space that combines family entertainment centre, retail and tourism sectors, said the statement from Edamah.

Phase Two of Sa’ada Waterfront will offer the ultimate convenience for visitors, providing ease of access through a multi-storey car-park building that boasts 202 parking spaces, as well as a marina consisting of 37 berths for boats of various sizes, it added.

On the deals, Edamah CEO Amin Alarrayed said: "We are extremely pleased to sign with a number of tenants from various sectors such as CrossFit Muharraq, the modern boutique fitness facility, Food World, which owns a series of supermarkets, department stores and cafes."

"With Sa’ada Waterfront, we wanted to create a vibrant atmosphere and shared space for the entire community to enjoy, these four F&B outlets Bunzz Food Truck, Kushari Boulevard, Qahwa & Karak and Karam Al Bahrain, will offer the perfect mix of traditional Bahraini food and modern cuisine," he stated.

Food World Group is a dynamic and fast-growing family business based in Bahrain that owns and operates a chain of supermarkets, department stores, and cafes. Its operations are spread across Bahrain and Indian Sub-continent.

The strength and conditioning facility, CrossFit Muharraq, is expected to open mid-December 2019 with the fit-outs already well under way. CrossFit Muharraq is focused on delivering high-intensity classes with constantly varied movements as part of the overall CrossFit program that can be scaled to every level of fitness and athletic ability delivered by well-trained coaches.

Located in a spacious 503-sq-m facility with waterfront views, CrossFit Muharraq is located in one of seven buildings which will be primarily dedicated to wellness and fitness, as part of the first phase of the Sa’ada project which consists of a public promenade and plaza overlooking the sea, complete with indoor and outdoor seating areas.

As for the F&B outlets, this marks the first time Bunzz Food Truck launches in Bahrain, with Kushari Boulevard expanding to its second branch, and Qahwa and Karak opening its third outlet.

All the three establishments are expected to open in the first quarter of 2020, said the statement from Edamah.

Karam Al Bahrain will open its first branch in the second half of 2020 covering an area of 570 sq m which has been carefully selected due to its unique location on a distinct waterfront.

The restaurant will introduce a new concept, offering Mediterranean and traditional Syrian cuisine using the latest technology in the hospitality field and only the best ingredients available in the local market, it added.

"Sa’ada Waterfront is truly a unique project featuring public promenades weaving throughout and offering visitors the opportunity to spend the day enjoying cafes, restaurants, and entertainment and wellness facilities with waterfront views all in a single place," remarked Alarrayed.

"As project construction is now completed and approximately 30 per cent of commercial units are leased, we would like to encourage everyone to take advantage of this opportunity to register their interest early, before the spaces are fully occupied," he added.-TradeArabia News Service




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