Baytik Industrial Oasis Company (BIO), the only modular industrial leasing complex in Bahrain, expanded the space it lets to one of its key tenants, MRS Fashions (MRS), by 2,200 sq m.

This is a 22 per cent increase over the 9,600 sq m leased under the previous agreement, said a report in the Gulf Daily News (GDN), our sister publication.

The new deal paves the way for MRS, part of Hong Kong-based Must Garment Corporation, to grow its operations and increase the benefits it receives from its location at BIO.

This includes access to high quality manufacturing space, low upfront investment costs, and close proximity to the Khalifa Bin Salman Port and Bahrain International Airport.

Established in Bahrain in 2000, MRS is a high quality apparel manufacturer, which currently employs approximately 1,800 staff members, and exports goods to several major international fashion labels in the US.

The agreement was signed between BIO chairman Osama Al Khajah and MRS executive director Harinder Lamba in the presence of senior officials, as well as representatives from CBRE, BIO's leasing agent.

It enlarges the scope of a long-term lease signed by the two companies in mid-2013, and increases the number of purpose built light manufacturing units leased by BIO to MRS from four to five, equating to an occupancy proportion of 21 per cent of BIO's 24 leasable manufacturing units.

Negotiations are continuing with several potential tenants, which could see BIO's remaining units let out soon. - TradeArabia News Service