BNH appoints CBRE as property manager for commercial buildings

01 May 2024 Consultancy-me.com 2 min. read
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Bahrain National Holding (BNH) has appointed CBRE as its real estate consultant for the management and lease of two commercial buildings in Bahrain.

Established in 1969, Bahrain National Holding is a financial services company that provides insurance and risk management solutions to business and individuals. The company is the parent of well-known brands such as Bahrain National Insurance, Bahrain National Life Assurance, Al Kindi Specialised Hospital, and National Finance House.

Bahrain National Holding has now selected CBRE to manage two of its assets: BNH Tower in Seef District, and a commercial building in Sanad which accommodates a branch of its Bahrain National Insurance subsidiary.

BNH appoints CBRE as property manager for commercial buildings

Located in the heart of Seef District’s commercial zone, BNH Tower offers modern commercial office space with a total lettable area of approximately 5,000 square metres and a typical floor plate of 530 square metres. The 10-storey building provides 115 parking spaces on the ground floor and first floor for occupiers and visitors.

The commercial building in Sanad has approximately 2,980 square metres of commercial office space and a typical floor plate of 460 square metres.  

Commenting on the partnership, Raed Fakhri, Chief Executive Officer of Bahrain National Holding, said: “We are pleased with our new partnership with CBRE. We believe CBRE will bring value to our real estate assets, and support us in achieving our strategic investments objectives. Our properties are in premium locations in the Kingdom of Bahrain and they can now benefit from CBRE’s network and expertise.”

Richard Botham, Senior Director and General Manager at CBRE in Bahrain, commented: “We are very pleased to have been appointed to manage these two key assets for Bahrain National Holding. We look forward to working with our client as property managers and leasing strategists to support and advise on providing best practice in the operation of the property and offering the best level of service available to tenants.”