7th APRIL 2015 - Vol.XXXVIII No.018
Business News

Key properties are acquired at BIW

MANAMA: Lease acquisition of two prime sites within the Bahrain Investment Wharf (BIW) development was announced yesterday by real estate specialist Cluttons.

The properties were acquired by Cluttons on behalf of its client Genco Infrastructure Solutions (GENCO).

"This must be one of the largest single warehouse acquisitions seen in Bahrain," Cluttons in Bahrain head Harry Goodson-Wickes said.

"We are especially pleased to have had this opportunity to demonstrate our professional capabilities in the industrial and logistics sector," he added.

The total acquisition covers five stand-alone industrial units extending to a total gross internal area of approximately 22,000 sqm of industrial warehousing space, with eaves height of between six to seven metres.

A combined total storage area of 30,650 sqm has been acquired, including external storage.

The first site, represents three modern stand-alone steel framed units each offering a gross internal area of 4,000 sqm, and a total 12,000 sqm of accommodation for the site.

The second site comprises two steel-framed warehousing units.

The combined gross internal area for these two units is approximately 10,000 sqm.

GENCO, a provider of full product lifestyle solutions, will use the sites for their clients' storage and logistics purposes.

Both sites are located within the Bahrain Investment Wharf industrial development located in the Hidd area.

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