First Bahrain, an innovative real estate developer, announced the signing of a new tenancy agreement for its flagship project, Majaal. A leading marketing and advertising agency, R Media Co., has chosen the Majaal warehousing and logistics complex to house both its main office headquarters as well as its primary printing production center.
Inside its 2,700 square feet of secure warehouse space, Majaal has installed a second floor for R Media to house their main offices. The rest of the unit supports the back office section, storing all utilities associated with production. The Bahrain-based company offers marketing and advertising solutions in Bahrain and throughout the GCC, boasting a wide portfolio; including the management of two other subsidiary companies: Emirates House Publications and Prince Class Burger.
Amin Al Arrayed, General Manager of First Bahrain and Managing Director of Majaal Warehouse Co. commented, Further diversifying Majaals tenant base, we have signed yet another key agreement with one of Bahrains entrepreneurial success stories, R Media; a renowned and well-established local company. This collaboration demonstrates the versatility of Majaal and highlights how the warehouse space can be modified to meet specific tenant requirements. Affirming our commitment to supporting the local businesses and SMEs, I welcome R Media to our exclusive business community at Majaal.
Ridha Al-Nass, CEO and Partner of R Media said, As our business is growing and continuing to expand, we needed a secure, accessible and efficient space in which we can combine our offices and our production unit in one facility for better supervision. R Media is involved in a range of activities and Majaals facilities are ideal for managing our business more effectively. Majaal has also provided great support for a small but growing firm like R Media by giving us an opportunity to promote our services through their exhibitions, which is extremely important to us. They also funded the cost of our office fit-outs and have included those costs in our rent.”
Majaal, First Bahrains inaugural project, is located within the Salman Industrial City at the Bahrain Investment Wharf, providing easy access to Khalifa bin Salman Port and other major transport links in Bahrain. Majaal presently offers 130,000 square feet of secure, flexible and cost effective storage space which has been designed especially to facilitate the Small and Medium Enterprises (SMEs) segment of the Kingdoms industrial sector. Space is available for lease from as little as 2,700 square feet to multiples of 10,700 square feet, and expansion plans are in the pipeline.
With over 83% of available space already leased, plans are underway to begin work on Phase II, which will more than double the size of the facility, reaching a total of 280,000 sq feet of leasable space.
