GFH Properties Visits Asharqia Chamber
GFH Properties visited Asharqia Chamber along with a delegation headed by Mr. Abdul Hakim Al Shammari, member of the executive committee and Vice President of the Bahraini Saudi Joint Business Council. The meeting was attended by Mr. Mohamed Khalil, Chief Commercial Officer and Khaled Buhajeeh, Associate at GFH Properties.
GFH Properties Announces Commencement of Works on The Harbour Row Project
GFH Properties, the real estate arm of GFH Financial Group, announced today the official commencement of works on its US$150 million Harbour Row Project.
Harbour Row has been envisioned by its developers, GFH Properties, to bring to market world-class amenities, prestigious lifestyle brands and global citizens together in a vibrant development which will include some 475 residential units across six buildings in addition and a broad range of expected retail outlets and other related facilities which offers similar facilities to other financial hubs around the world such as London Docklands, South Beach Miami and Sydney Harbour.
Having completed site preparation and mobilization activities upon their appointment in December 2016, Al Moayyed Contracting (AMC), the project’s main contractors, have now begun with works on Harbour Row starting with the commencement of foundation and piling works, which will encompass the execution of 575 contiguous piles and some 200 structural piles are in progress, which was earlier initiated with projection work and sub structuring.
Moreover, GFH Properties has appointed DG Jones and Partners as the Project’s manager and cost consultant and Aref Sadeq Designs as the supervision consultants for Harbour Row.
Commenting, Mr. Majed AlKhan, CEO of GFH Properties, said, “We are delighted to announce the start of works at Harbour Row in cooperation with Al Moayyed Contracting, our partners in the construction of this landmark project. This is an important milestone in our efforts to create a new and unique value proposition and one that is developed to the highest and most exacting international standards for innovation in urban living to match those across the world’s best known waterfront cities. As was promised, we have launched works on time and according to plan in the first quarter of 2017. Importantly, this puts us in a strong position to also complete the development of Harbour Row on schedule for the benefit of our partners and those that have already invested in the project including homeowners. We now look forward to swiftly moving ahead and reaching additional milestones on target together with the best-in-breed team of consultants and partners that we have assembled and engaged.”
GFH Properties Appoints Mr. Mohammed Khalil Ahmed as Chief Commercial Officer
GFH Properties, the real estate arm of the GFH Financial Group, today announced the appointment of Mr. Mohammed Khalil Ahmed as its new Chief Commercial Officer. In this capacity, Mr. Ahmed will focus on all areas related to commercialization and management of GFH Properties development and managed assets.
Mr. Mohammed joins GFH Properties with 15 years of experience in commercial management, business development, strategic planning, revenue optimisation, management and diversification as well as deep real estate sector experience spanning development, design and project, construction and contract management.
Prior to joining the firm, he was most recently Chief Commercial Officer at the Bahrain Airport Company, where he began in 2012 and was responsible for managing all airport revenues including those related to aeronautical and non-aeronautical streams. His previous experience includes eight years at Al Khaleeji Development Company (Tameer), where he was an Executive Director in the Property Development and Services department. Other related roles include key positions at First Gulf Real Estate Company in Saudi Arabia and Bahrain, Technal Middle East and Architectural World.
Commenting, Mr. Majed Al-Khan, CEO of GFH Properties, said, “We are pleased to welcome Mohammed to GFH Properties and are confident that his experience will further strengthen our management team and support efforts to effectively manage and grow our real estate assets. Importantly, Mohammed will be focused on the development of new commercial opportunities and the maximization and diversification of revenue streams. He will also be heading up efforts to both optimize and commercialise our existing investments and projects including recently launched developments such as Harbour Row and Harbour North projects in Bahrain and California Village in Dubai.”
Mr. Mohammed holds a Bachelor of Science in Architectural Engineering from the University of Bahrain and is a Certified International Property Specialist (CIPS) from the National Association of Realtors in the US.
GFH Properties Awards AlMoayyed Contracting with Development Mandate for Harbour Row Project
GFH Properties is the real estate arm of the GFH Financial Group, announced today that it has appointed AlMoayyed Contracting as the Main Contractor of its Harbour Row project in Bahrain Financial Harbour.
As per this mandate, all contracting works, including foundations, construction, mechanical, internal and external finishing works of the Harbour Row project, will be assigned to AlMoayyed Contracting. The Harbour Row project consists of 450 residential units, in addition to retail outlets with a waterfront view as part of the Bahrain Financial Harbour project, which is located at the heart of the capital Manama. The total cost of the project is valued at approximately US$150m.
The Letter of Award was signed by Mr. Majed AlKhan, Chief Executive Officer of GFH Properties and Ms. Hala AlMoayyed, Executive Director of AlMoayyed Contracting, in the presence of Mr. Laith Al Memar, Chief Development Officer at GFH Properties, and a number of executive management members from AlMoayyed Contracting Group.
Commenting, Mr. Majed AlKhan, CEO at GFH Properties, said, “We are delighted to be associated with AlMoayyed Contracting to execute this prestigious Project of Harbour Row, We have envisioned this project to be a standard bearer in terms of quality and value and for that reason we have selected Almoayyed Contracting to lead in the project’s execution and meet our unique and high specification requirement standards. They have the technical, financial and managerial strengths that give us confidence and that will ensure the Harbour Row project is delivered on schedule and to the highest quality standards.”
Mrs. Hala AlMoayyed, Executive Director of AlMoayyed, added, “We are happy to have been awarded this milestone Contract for execution of GFH Properties’ Harbour Row project. Located in one of Bahrain’s most notable waterfront locations, this is an iconic project that requires the deep technical planning and execution that AlMoayyed brings to each of our projects. We look forward to working closely with GFH Properties on this project.”
GFH Properties a Strategic Partner in BIPEX Bahrain
BIPEX is delighted to announce GFH Properties, a newly positioned subsidiary for GFH Financial Group, as the strategic partner for its 2016 Property Exhibition to be held in the Kingdom of Bahrain between November 3rd -5th 2016.
GFH, which has pioneered numerous landmark developments in the GCC and broader MENA region, India and along with strategic investments in the U.S. and U.K, recently announced launching GFH Properties as a specialist real-estate subsidary to develop a number of its projects in Dubai and its home base of Bahrain. This includes Harbour Row, Harbour Walk and the Dubai gated community development California Village in addition of overseeing the re-commencement of the flagship project Villamar @ the Harbour. Each of these projects have been conceived so as to raise the bar in terms of excellence in design, build and usability and are expected to join other iconic projects developed by GFH Properties in Bahrain.
Commenting, Mr. Majed Al Khan, CEO of GFH Properties, said, “We are pleased to announce our lead sponsorship of the upcoming BIPEX 2016. The Group continued support for this event, over the past year, reflects our ongoing market leadership in this area and provides us with an optimal platform for showcasing the iconic real estate projects – both in the Kingdom of Bahrain and beyond – that have become synonymous with the GFH brand. The significance of BIPEX and our backing for the event is also routed in the importance and ongoing growth potential for real estate development in Bahrain. This is a key growth sector and GFH Properties is fully dedicated to supporting its further expansion and the contributions it makes to Bahrain’s economy.”
Speaking on behalf of the Bipex 2016, Mr. Mohammed Khalil Alsayed, Chairman of the Bipex Organizing Committee added “We are delighted to welcome GFH Properties once again as our Strategic Partner and key Sponsor for Bipex 2016. With the Support of partners like GFH, we believe that we are exceptionally well-placed to launch BIPEX 2016 in its new edition in November of this year, and we are confident of recording an impressive line-up of developers and a value of projects exhibited and indeed transactions recorded that will surpasses that of BIPEX 2015. We will make every effort to support our Sponsors and Exhibitors and to create an environment in which they can achieve their highest level of excellence.”
BIPEX 2016 will take place at the Bahrain International Exhibition and Convention Center under the patronage of His Excellency Deputy Prime Minister Sheikh Khaled bin Abdulla Al Khalifa. As Bahrain’s leading property show, BIPEX holds a significant spot in the Kingdom’s real estate industry calendar of events. Being a professionally organized non-profit event, it serves as a bellwether for the industry, offers a platform to its current happenings and directions it is heading to, and promotes the region’s major infrastructures and real estate properties.
The Bahrain Society of Engineers (BSE) is the premier body representing engineering professionals in the Kingdom. The BSE is tasked with organizing and presenting each BIPEX event in Bahrain. The organization was established in 1972 as a professional voluntary non-profit organization. It seeks to advance the engineering profession, while striving for continuous skill enhancements through training and conducting technical and professional programs.
GFH Properties Participates in Cityscape Global Dubai
GFH Properties today announced that it will participate at this year’s 15th Cityscape Global being held in Dubai between 6 to 8 September 2016 at the Dubai World Trade Centre, while showcasing a number of its new landmark GCC-based development projects.
GFH Properties projects to be featured at the event are the Harbour Row residential project and the adjoining Harbour North commercial and retail area in the Kingdom of Bahrain. Harbour Row will include six buildings in total comprising of 450 residential units and retail area supported by full leisure and commercial facilities being developed in the adjacent Harbour North located in prime waterfront areas of the Bahrain Financial Harbour (BFH). Moreover, GFH is going to update the market with its recent endeavors to recommence works in the flagship USD700mn project Villamar @ the Harbour.
GFH Properties showcased the Villamar project during the Deputy Prime Minister , Sh. Khalid Bin Abdullah Al- Khalifa visit to the Municipal One Stop Shop headquarters in October 2016. will also be showcasing its newly announced California Village. California Village is planned to be a vibrant new residential community with state-of-the-art facilities and a full range of services and amenities within a pedestrian oriented environment. California Village will comprise of the California Residences and Heights that include 234 villas in addition to more than 150 highly specified apartments.
Commenting, Mr. Majed Al Khan, CEO of GFH Properties, said, “With the launch of GFH Properties, a specialist subsidiary of the Group, we continue to build our development capability and our focus on bringing to market exciting and new landmark projects like Harbour Row and Harbour North. We are delighted to be taking part in Cityscape once again and presenting our GCC based projects to visiting investors, corporates and end-users. GCC real estate markets, both in Bahrain and the UAE where our projects are based, remain buoyant and provide for strong opportunities – be it for investors or potential occupiers. We have already generated significant interest from the market in these projects and are looking forward to building further knowledge and interest and continuing to successfully progress our plans for these and additional projects both those underway and in development.”
GFH Properties projects will be presented at Cityscape by a delegation of its senior management team headed by the head of its newly created real estate subsidiary and investment arm, GFH Properties, Mr. Majed Al Khan, and executive members of the GFH Properties real estate and placement teams who will be on hand to share opportunities with prospective investors and strategic partners.
The three day forum is set to welcome some 4,000 visitors to include financial institutions, institutional investors and high-net-worth individuals active in the real estate markets of the GCC and globally.
