Expansion Allocation Plans to Expand The Avenues – Bahrain West of Manama Waterfront
The Avenues Company W. L. L. , a wholly owned subsidiary of Al-Sorouh Management Company W. L. L. , announced the appointment of Nass Group as a contractor to begin painting structures in the expansion project The Avenues – Bahrain Phase II.
The expansion assignment plans to expand The Avenues – Bahrain further west of the Manama waterfront. The extension will add an additional 41,200 square meters of rental space, which will come with 244 units, two entertainment domains, an ice rink and a supermarket, as well as a basement parking, raising the total leasable domain of any of the stages to approximately 80,000 square meters. Metre.
Construction will begin in September 2022 and is expected to be completed during the first quarter of 2024. Once completed, the hike will extend six hundred meters westward along the waters of Bahrain Bay, making The Avenues – Bahrain the largest grocery shopping and advertising hub of the waterfront entertainment destination, with a total duration of 1. 3 km.
Mr. Waleed Khalid Alsharian, Director of Al-Sorouh Management Company and CEO of Mabanee Company, said: “We are proud to sign this contract, which is in line with the plans and vision of Mabanee Company and Al-Sorouh Management Company, like Avenues: Bahrain is one of Bahrain’s top tourist and advertising destinations with an exquisite waterfront. “
He added: “The expansion plans will cement The Avenues – Bahrain as the biggest progression in Bahrain Bay and central Governorate, as well as a destination for citizens, tourists and entrepreneurs from the Gulf region and beyond, especially after the opening of the Hilton Garden. Inn – Bahrain Bay hotel which is connected to The Avenues – Bahrain, and part of the expansion plan that aims to offer other fun beyond shopping.
The expansion will come with new neighborhoods characterized through eloquent designs. In addition to the expansion of the existing Grand Avenue, new neighborhoods such as The Forum, Grand Plaza, Electra and Souk will have their own exclusive character that will be expressed through exclusive architecture. styles fostered through classic fashion concepts. The location of those neighborhoods will further increase the diversity of department stores and brands that visitors can choose from. The Avenues: Bahrain continues to grow in the market by providing exclusive tenants and an occupancy rate of over 95% with maximum attendance figures indicating an additional build-up of over 50% compared to last year.
It should be noted that The Avenues – Bahrain won the award for the most productive advertising architecture in the Arab world at the Arab and African Property Award 2018 – 2019, which is one of the most important real estate competitions in the region, through which many genuine real estate projects compete in conditions and situations similar to the other categories of the award.
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