manama – Global real estate advisor CBRE has been appointed by Bahrain’s Future Generations Protection Fund (FGF) as the exclusive property manager and rental consultant for the Future Generations Protection Tower.
Strategically located on the waterfront overlooking Bahrain Financial Port and Bahrain Bay, Future Generation Reserve Tower is a 38-storey mixed-use, high-specification development with a total built-up area of approximately 63,000 sq m on a site area of 12,000 sq m. The property under construction will include office space, food and beverage outlets, private parking and other modern amenities. The tower is set to become Bahrain’s new financial icon as the headquarters of the Future Generations Reserve Fund and will lead the way in sustainability as a LEED-certified registered project. In addition to housing major government agencies, the remainder of the primary office space will be available for rent to private entities.
The property and facilities management agreement was signed by His Excellency Yusuf Abdullah Alhumud, Vice-Chairman of the FGF Board of Directors and Under-Secretary of Finance, Bahrain Ministry of Finance and National Economy, and Richard Botham, Senior Director and General Manager of CBRE Bahrain. At the signing ceremony were His Excellency Shaikh Ali Salman Al-Farifa, CEO of Future Generation Reserve, Mr. Ahmed Abdulaziz Alhamal, Director of Future Generation Reserve, Mr. Ciaran Lynch, Director of CBRE Bahrain, and Heather, Director of CBRE Bahrain.・Mr. Longden also attended.
Richard Botham said: “CBRE is proud to work with the Future Generations Reserve Fund and the Bahrain Ministry of Finance and National Economy on the construction of the new Future Generations Reserve Tower. This property will become a new landmark in Bahrain Bay and the Kingdom’s real estate This will open up great prospects for the sector. The office space and experience offered to prospective tenants is set to raise the bar in quality and service levels. For companies, ESG is an important consideration when choosing office accommodation. It is particularly interesting that this project has been registered for LEED certification, as it has become a mandatory consideration. I look forward to managing it.”
CBRE Group, the world’s largest commercial real estate services and investment company, has been serving clients in Bahrain and the Middle East region for over 15 years. The company has over 1,300 professionals* in the Middle East, operating out of nine offices in six countries in the region. Our experts work with investors, financiers and occupiers to provide a complete range of services including facilities, transaction and project management, real estate management, investment management, valuation and valuation, property leasing management, strategic consulting and development services. We offer an integrated suite of services across the Kingdom. .
*Includes Turner & Townsend employees
About CBRE Group Co., Ltd.
CBRE Group, Inc. (NYSE:CBRE) is a Fortune 500 and S&P 500 company headquartered in Dallas and the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) and serves customers in more than 100 countries. CBRE provides an integrated suite of services including facilities, transaction and project management to a diverse range of clients. Asset management; Investment management; Valuation and valuation. Real estate rental industry; strategic consulting. Sale of real estate. Mortgage and development services. Visit our website www.cbre.com.
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