First Bahrain, an innovative regional real estate developer, today announced the appointment of DTZ, one of the largest, diversified real estate services companies as exclusive leasing agent for its 716,000 sq ft, warehousing project at the Bahrain Investment Wharf (BIW). DTZ will be spearheading the marketing of the regions first, USD 45 million small to medium enterprises (SME) focused integrated warehousing and logistics development, the first phase of which is scheduled to be completed by December 2009.
Amin Al Arrayed, General Manager of First Bahrain commented: The appointment of DTZ as our leasing agent reaffirms our commitment to deploying the highest standards in all aspects of our business. DTZ, world leaders in providing innovative business solutions, with a strong presence in the local market, were our preferred choice. We are delighted to be working with DTZ on marketing this exceptional warehousing development aimed at stimulating growth in the SME sector, while addressing the shortage of quality and flexible storage space.
According to Robert Addison, Director – Country Manager of DTZ, We are pleased to have been chosen to exclusively market this outstanding new facility on behalf of First Bahrain. With state-of-the art storage spaces built to the highest quality and standards, space at First Bahrains development ranges from as little as 250 square metres to over 1000 square metres, accommodating the needs of most market tenants. These factors, coupled with its outstanding location, tremendous flexibility and quality space solutions, make it ideal for value-conscious tenants looking for a well-positioned facility. Given all the positive factors of this warehousing develpment, we are confident that this latest facility will be met with very strong market demand and a quick lease-up period.
Strategically located at the Bahrain Investment Wharf within close proximity to the Khalifa Bin Salman Port and to all major transport links, the development will offer secure and cost-effective storage solutions tailored specifically to meet the needs of the SMEs. The modern warehousing spaces can be used solely for storage, or as a combined storage and office facility, ideal for encouraging startups and smaller companies, while allowing existing companies room to expand.
In addition to the physical warehousing space, the development will boast a range of services that cater to the needs of tenants including 24 hours a day, seven days a week security service, state-of-the-art information communication technology provisions, assistance on efficient design and use of space, and a range of other value added services.