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Knight Frank to operate from Bahrain Financial Harbour
Manama, Bahrain, April 29, 2009: London-headquartered global property consultancy, Knight Frank LLP, will be opening its first office in Bahrain at the prestigious Bahrain Financial Harbour (BFH), the premier financial district of the Kingdom, according to an announcement today by Bahrain Financial Harbour Holding Company (BFHHC).Welcoming the world-renowned consultancy firm, Mr. Salwan Uchi, Marketing Director BFHHC said, "Knight Frank has been in the real estate business for over a century and is recognised as a market leader offering highly professional services. We are pleased that it has chosen BFH as its base to expand its commercial and residential property consultancy services across the region as part of its global growth strategy. BFH is uniquely positioned to support its endeavours with the robust business model and cutting edge systems it offers. Its unique business model is serving as a magnet to attract many of the most eminent international and regional business enterprises to its precincts."
Knight Frank, whose annual global real estate forecast research report is considered a reference point in which to gauge the status of the realty sector worldwide, has emerged as the top independent real estate consultancy in the latest Business Superbrands survey compiled by The Centre for Brand Analysis, ranking 139th in the consolidated Superbrands list.
Commenting on the tenancy agreement with Bahrain Financial Harbour, Mr. Don Bradley, Chief Executive - Middle East, Knight Frank said, "Despite the global turmoil, Bahrain's property market continues to remain robust and active and a focal point for global attention and investment in both the residential and commercial sectors. Therefore, Bahrain is an ideal destination for those looking for sound investments in this sector, that are competitively priced and promise attractive ROI. Bahrain offers tremendous potential for an organisation such as ours that is currently looking to broaden their reach in the Middle East. The region boasts a number of major mixed-use developments that provide a combination of high-end residential, commercial and leisure components; Bahrain Financial Harbour is a prime example of this kind of arrangement. BFH is truly a landmark development and we look forward to commencing our operations from within its premises."
Knight Frank LLP is a leading independent global property consultancy. With its headquarters in London, Knight Frank LLP and its New York-based global partner, Newmark Knight Frank, operate from 196 offices in 38 countries, across six continents. More than 6,770 professionals handle an excess of US$700 billion (nearly £355 billion) worth of commercial, agricultural and residential real estate annually, and advise clients ranging from individual owners and buyers to major developers, investors and corporate tenants.
Knight Frank has been working alongside major development groups in Bahrain and other Gulf countries for the past seven years and offers a range of property services including commercial acquisition and disposal, professional services, and investment and development consultancy. The company is presently expanding its representation in Bahrain and the region in order to complement its existing services and to engage in new business opportunities within the realty sector.
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Note to the editor
About BFH
A fully integrated, master-planned development, the US$ 3 billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unique 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 10 projects that distinctively combine 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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