CBRE named property management firm for GBCORP Tower in Bahrain CBRE, the global real estate advisory firm, has been appointed as the exclusive property managers and leasing consultants for GBCORP Tower. GBCORP Tower is a strategically located landmark building, within the Bahrain Financial Harbour master plan. GBCORP headquarters are located within the building and the property also accommodates high profile tenants. A 22 storey tower, constructed to a grade A specification GB Corp Tower, provides typical floor plates of approximately 930m² and a total GLA of just under 19,000m². There is a business centre in operation at the tower, Global Executive Offices, which provides quality furnished suites, that is currently fully occupied and fitted units starting at 250 sq.m are also in the planning for the last few vacant floors. The building offers a central location in the heart of Manama s business district for internal and local occupiers alike. Commenting on the appointment, Andy Hinson, Senior Director, Asset Services, CBRE Bahrain, said, GB Corp Tower is a landmark property in the Kingdom, and superior build quality, it is sure to attract further high-profile occupiers, particularly with the provision of smaller fitted office accommodation to meet current market needs. We look forward to working closely with the firm, to support and develop its long term strategy for the tower. Dr. Zakaria Hejres, CEO, GBORP, said, We are very pleased to assign CBRE as our asset management firm for GBCORP Tower. This collaboration will enhance our position as a key commercial office space provider in the Kingdom and we look forward to working with the property management and transaction team, to fulfill the needs of both existing tenants and international occupiers, who seek prime commercial space in the heart of the country s CBD.
Arencon renews BEST Agreement Arencon Contracting has renewed their exclusive partnership with British Energy Saving Technology (BEST) to supply their innovative web-based real-time energy measurement and energy saving solutions in Bahrain. This reaffirmation of the partnership emphasises the confidence both parties have in the continued need for electricity usage reduction as EWA continue to increase rates. BEST designs and manufactures a full suite of world-class energy saving products and software systems, which can often help organisations reduce their energy costs by between 10% and 30%. Their real-time energy monitoring system and cloud-based analytics software, enable companies to accurately see how their energy is being used allowing them to eliminate waste, verify the performance of energy saving solutions and implement behavioural change initiatives. BEST s flagship Eniscope product is already being used in over 50 countries around the world by leading companies and their franchisees including such household names as Toyota, Shell, Pizza Hut, 7-Eleven, KFC and Holiday Inn. The Eniscope solution comprises a flexible range of webenabled class-1 digital meters in one, four and eight way configurations, coupled to a user-friendly interface that disaggregates and processes data on energy consumption second-by-second. This information is uploaded to the BEST Cloud Servers over the internet, enabling users to visualise and analyse their energy profile on a PC, laptop or mobile device from anywhere in the world.
Above: HE The Minister of Electricity & Water, Dr. Abdul Hussain Bin Ali Mirza (centre) and senior EWA staff with representatives of BEST & Arencon.
Across the Middle East, CBRE s highly experienced management team offers a full range of professional real estate services, including Valuation; Tenant & Landlord Advisory; Research & Consultancy; Property Management; Building Consultancy & Project Management; Facilities Management; and Global Corporate Services. Forum 39