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Tenancy agreement signed for prestigious Capital Club in Bahrain Financial Harbour
o Signature Clubs International signs Agreement with Bahrain Financial Harbour Holding Company to develop and operate the high-profile business club on the 51st & 52nd floors of the East Tower covering an area of 1,580 sq.m
Manama, Bahrain, 23, January, 2008: Bahrain Financial Harbour Holding Company (BFHHC) today announced that it has signed a tenancy agreement with Dubai-based Signature Clubs International (SCI), a renowned investor, developer and operator of exclusive private clubs. Under the terms of the agreement Signature Clubs International will establish the Capital Club on the two top floors of Bahrain Financial Harbour's East Tower, levels 51 & 52, covering an area of 1,580 sq.m.
Commenting on the agreement with SCI, Mr. Stephen Rothel, Chief Executive Officer, BFHHC, said: "The signing of this agreement is a giant stride toward delivering high quality business club services to clients and tenants within an integrated financial sector focused development like BFH. We are confident that Capital Club will add significant value enhancing both Bahrain's and BFH's attractiveness as one of the most significant financial and business hubs of the Middle East. As a logical meeting point for business people and the financial community, this new business club will be a major asset to the community."
As an exclusive business club, Capital Club will offer its members exceptional meeting, networking and entertaining opportunities in sophisticated surroundings with the highest international standards. Its outstanding features will be the quality of membership, ideal location, superb facilities and ambience, the quality of dining, entertaining and staff and the finest views across the Kingdom, by day and by night
Mr. Guy Guillemard, Chief Executive Officer of Signature Clubs International said: "We are establishing a network of prestigious private clubs in the MENASA region with each club offering its members reciprocal access to other clubs in the Signature network, such as the Capital Club in Dubai International Financial Centre. Members also enjoy the use of 250 associated international clubs around the world. In our studies, we realised tremendous growth potential exists within Bahrain and the Eastern Provinces for a world-class, top level private venue for meetings where regional and international business relationships can be formed and nurtured. Without doubt, Bahrain Financial Harbour with its unique model, excellent location and many advantages, is emerging as a major hub for the financial sector in Bahrain. Given such a backdrop, it is a great pleasure to introduce the first-class private business club, the Capital Club, to the Kingdom of Bahrain"
SCI is the main investor, the developer and operator of Capital Club Limited, the owning company of the Capital Club. SCI has the support of the Abraaj Capital group, as its lead shareholder. Other clubs are already being developed in the UAE, Istanbul, Amman as well as Bahrain.
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About Bahrain Financial Harbour
A fully integrated, master-planned development, the US$ 3 billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unsurpassed position as the financial capital of the Middle East. A first of its kind development in the region, BFH is a highly focused, committed and advanced financial environment spread over 380,000 square metres of prime seafront property in the centre of Manama, Kingdom of Bahrain. Furthermore, it comprises of 10 projects that uniquely combines business, leisure and residential components under one canopy. Phase I of the project ‘The Financial Centre' which includes the Harbour Towers - Bahrain's tallest towers and the Harbour Mall. The Financial Centre is operational and open for business.
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