Global real estate advisor CBRE has been appointed by Bahrain’s Future Generations Reserve Fund (FGF) as the exclusive property manager and rental consultant for the Future Generations Reserve 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. As a LEED certified registered project, it is a pioneer in sustainability. In addition to housing major government agencies, the remainder of the primary office space will be available for rent to private entities.
Mr. Yusuf Abdullah Alhumud, Vice-Chairman of the FGF Board of Directors and Under-Secretary of Finance of Bahrain’s Ministry of Finance and National Economy, and Mr. Richard Botham, Senior Director and General Manager of CBRE Bahrain, signed the Asset and Facilities Management Agreement. The signing ceremony was also attended by His Excellency Shaikh Ali Salman Al-Farifa, CEO of Future Generation Reserve. Mr. Ahmed Abdulaziz Alhamal, Director of Future Generations Reserve. CBRE Bahrain Director Ciaran Lynch and CBRE Bahrain Director Heather Longden.
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 provided to future occupiers is set to raise the bar in quality and service levels. For companies, ESG is an important consideration when choosing office accommodation. It is interesting that this project is registered for LEED certification, as has become a mandatory consideration. We have followed international standards and best practices that reflect the aspirations of this market-leading project in Bahrain. I look forward to managing the property.”
CBRE Group is the world’s most extensive commercial real estate services and investment firm, serving clients in Bahrain and the Middle East region for more than 15 years. The company has over 1,300 professionals* in the Middle East and operates 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.