CBRE named as consultants for Bahrain's Gems Tower
The business park offers attractive incentives for international firms looking to establish industrial operations in Bahrain
Real estate advisory firm CBRE has been appointed as the sole leasing and marketing consultants for Gems Tower, located in Bahrain International Investment Park (BIIP).
The contract was announced following a signing ceremony between Dr Amar Mahmood, CEO, Gems Co WLL, and Steve Mayes, director, CBRE Bahrain.
Steve Mayes, director, CBRE Bahrain, said: “Gems Tower is a well-established commercial office building in a strategic location. The property is ideal for companies of all sizes, and with the addition of micro offices, there are solutions for start-ups and smaller branch offices of international firms.”
“BIIP benefits from a superb location - easily accessible by air, sea and road, and only 5km from Bahrain International Airport – it is an ideal location for industrial manufacturers and export orientated companies. We are delighted to offer this property as part of our portfolio and look forward to working closely with GEMS,” added Mayes.
The business park offers attractive incentives for international firms looking to establish industrial operations in Bahrain, tenancy benefits include 0% tax with a 10 year guarantee; 100% foreign ownership; duty free access to GCC markets and no Bahrainisation restrictions assured for up to five years.
Commenting on the announcement, Dr Amar Mahmood, CEO, GEMS, said: “We are delighted to announce CBRE as our strategic partners for Gems Tower. The building is already a highly sought-after address for both local and international firms. The tower provides world-class facilities, including conference rooms, an auditorium for seminars and meetings, 24 hour security and CCTV, as well as an onsite cafeteria and prayer rooms.”