Bahrain World Trade Centre ( BWTC ) has reported the acquisition of new tenants and expansion of existing leasing agreements.
BWTC said long-term tenants including Ernst & Young, Diyar Al Muharraq and NGN international are among those that have invested in enhancing their business operations and expanding office spaces at BWTC last year, whereas the first quarter of 2019 has also seen a number of new high-profile tenants.
The development comprises two 44-storey sail-shaped office towers, the five-star Sheraton Hotel, as well as MODA Mall.
Savills is the new managing agent for BWTC and MODA Mall and the company’s spokesman Donald Bradley said that BWTC is a notable business landmark property that is Bahrain’s flagship business gateway to the world and the wider region. As office space demand continues to rise, at BWTC, it constantly works towards evolving its commercial space offerings to cater to the complex operating requirements of its tenants with highly-tailored solutions.
With a lot of choice in the market, tenants have always seen the benefit of being located in a Grade A, prestigious, landmark, mixed-use development, with the added benefit of sharing the building with an array of blue-chip tenants – meaning it’s an excellent place to do business.”
According to him, with the non-oil sector performing steadily and financial services, transportation and communications sectors contributing significantly to Bahrain’s economic growth, Bahrain World Trade Centre has witnessed an increase in leasing enquiries, as international businesses make Bahrain their preferred Middle-East office headquarters or look to enhance existing operations.