Abdulla Yousif Fakhro and Sons announces relocation of its corporate headquarters to new Fakhro Tower

Now completed and ready for occupation, with other floors currently being fitted out by incoming tenants, this impressive tower extends to 30 storeys providing over 19,000m² of office accommodation plus ground floor showroom areas and an impressive double height reception lobby.

Car parking is arranged over five podium floors to provide in excess of 400 car parking bays and an industry leading ratio of about 1 bay per 50m² of commercial office space.

Offices are provided in shell and core presentation for tenant's fit-out with high quality fully-fitted lift lobbies and common toilet/washroom facilities on each office floor. The lettable area of each typical floor is 825m², sub divisible by up to four suites per floor. There are four high speed passenger lifts, one service lift and a designated lift for the podium car park.

Fakhro Tower also benefits from an unrivalled level of common area amenities to include a full service cafeteria, roof garden, well-equipped gymnasium, ladies and gents prayer rooms and catered function/conference rooms for the benefit of tenants.

Mr. Abdulla E. Fakhro, Business Development Director of Abdulla Yousif Fakhro & Sons, commented on the notable move, saying, "Fakhro Tower represents a significant investment by our Group in the Kingdom and reflects our confidence in the future of this country. The building offers prospective tenants many benefits, including high-end finishes, unparalleled common area services, and a strategic location. This has been endorsed by the reaction of the business community with confirmed occupancy rates nearing 30% prior to the building being handed over to us by the main contractors and with many ongoing inquiries under negotiation."

He continued, "We identified the area as a burgeoning business district, ideal for our expansion plans with excellent infrastructure and support services. As such, we have also relocated our other Fakhro-affiliated businesses into the tower, including Fakhro Restaurants (McDonald's), Fakhro Transport (Budget Rent A Car), Fakhro Electronics, Suncity Ventures, and Fakhro Commercial Services."

Commenting on the opening of this striking new addition to the Manama skyline, Mr. Andrew Hinson, Senior Director, Property Management for CBRE said, "We are delighted to announce that Fakhro Tower is now open for business on schedule and CBRE are proud to manage and lease this 'new generation' commercial office tower which has impeccable credentials, a very high contemporary specification and landmark status."

He added, "The tower has quickly become recognised as a serious contender for new and existing office occupiers in the Kingdom and, with the establishment of Abdulla Yousif Fakhro & Sons corporate offices in the building, this trend looks set to continue into 2013. We look forward to welcoming more high profile international and regional tenants to the building and will announce other significant confirmed deals very shortly."