MANAMA: Abdulla Yousif Fakhro & Sons have relocated its corporate headquarters to the new commercial office complex, Fakhro Tower, opposite Bahrain City Centre mall.
Now completed and ready for occupation, with other floors currently being fitted out by incoming tenants, this tower extends to 30 storeys providing more than 19,000 sqm of office space with ground floor showroom areas.
"Fakhro Tower represents a significant investment by our group in the kingdom and reflects our confidence in the future of this country," said Abdulla Yousif Fakhro & Sons business development director Abdulla E Fakhro.
"The building offers prospective tenants many benefits, including high-end finishes, unparalleled common area services and a strategic location.
"This has been endorsed by the reaction of the business community with confirmed occupancy rates nearing 30 per cent prior to the building being handed over to us by the main contractors and with many ongoing inquiries under negotiation.
"We have also relocated our other Fakhro-affiliated businesses into the tower, including Fakhro Restaurants (McDonald's), Fakhro Transport (Budget Rent A Car), Fakhro Electronics, Suncity Ventures and Fakhro Commercial Services," he said.
"We are delighted to announce that Fakhro Tower is now open for business on schedule and CBRE is proud to manage and lease this new generation commercial office tower which has impeccable credentials, a very high contemporary specification and landmark status," said CBRE senior director of property management Andrew Hinson.
"The tower has quickly become recognised as a serious contender for new and existing office occupiers in the kingdom and, with the establishment of Abdulla Yousif Fakhro & Sons corporate offices in the building, this trend looks set to continue into 2013," he added.