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Manama - Bahrain - Manama - Baytik Industrial Oasis Company (BIO), the modular industrial leasing complex at Bahrain International Investment Park (BIIP), have welcomed Tactile Roofing WLL, to the tenant portfolio, leasing 4,783 square-metres to the firm, for their new venture in the Kingdom involving the production of stone coated metal roofing tiles utilizing advanced technology. Tactile Roofing WLL will export products around the GCC and to Africa.
The new agreement marks a milestone for Baytik Industrial Oasis, which is now near full occupancy with limited space remaining. Benefits to businesses leasing space at the serviced industrial park include access to high quality manufacturing space, low upfront investment costs, and close proximity to the Khalifa bin Salman Port and Bahrain International Airport.
Baytik Industrial Oasis, a wholly owned subsidiary of one of the region's largest banks, Kuwait Finance House - Bahrain (KFH-B) provides 54,072 square metres of industrial space and is housed in BIIP which is positioned as a location for investment in Bahrain, offering a tax free location with full duty free access to GCC markets.
The agreement was signed between BIO Chairman, Osama A. Al Khajah and Ankit Sanghrajka, Director of Tactile Roofing WLL in the presence of Riaz Mohamed, KFH-B Portfolio Manager for BIO and Heather Longden, Associate Director, CBRE as well as Kim Kyung Il from Tactile Roofing WLL.
Speaking at the signing ceremony, Mr. Al Khajah, BIO Chairman said: "BIO is delighted to sign this agreement with Tactile Roofing WLL and to provide a firm foundation for the success of our clients' businesses while promoting Foreign Direct Investment in the Kingdom in partnership with BIIP. With BIO now near fully occupied we have strong demand for the remainder of the space."
Mr. Sanghrajka, Director, Tactile Roofing WLL said: "Tactile Roofing WLL is pleased to now be established in the Kingdom of Bahrain, a strategic hub for our regional operations. We look forward to joining the community of highly regarded manufacturers at BIO and BIIP and feel that the choice of location will certainly add value to our business activity here in the Kingdom."
Ms. Heather Longden, Associate Director, CBRE Bahrain said: '' BIO is an important part of CBRE's portfolio of assets under management in the Kingdom of Bahrain, providing pre built industrial space with excellent facilities. This latest agreement is a great achievement and we look forward to continuing to support BIO and KFH-B to secure leading and innovative firms for the final remaining units.''
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About Baytik Industrial Oasis (BIO)
Boasting world-class infrastructural support and state-of-the-art facilities, Baytik Industrial Oasis (BIO) is Bahrain's first modular industrial complex. It is comprised of 24 leasable units, each with a leasable area of 2,100-square-meters.
A wholly owned subsidiary of one of the region's largest banks, Kuwait Finance House - Bahrain (KFH-B), BIO is located within the special industrial zone of Bahrain International Investment Park (BIIP) in the Ministry of Industry and Commerce-promoted Salman Industrial City. BIO is conveniently located just minutes away from the Bahrain International Airport and the Khalifa Bin Salman Port, and is hence a perfect springboard for manufacturers wishing to establish a strong presence in the Gulf.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.bh
© Press Release 2016
