Arabian Business, Tuesday, Jan 21, 2020 | Jamadi Al Awwal 26, 1441
First homes to be handed over in Bahrain's Villamar project
Bahrain:
GFH Properties, the real estate arm of Bahrain-based GFH Financial Group,
has announced the completion and opening of the residential tower at its
Villamar project primely located on the Manama waterfront.
Having secured all the certifications from various government agencies for
completion, the process of handover of 150 one to three bedroom units has begun
to local, regional and international buyers, the company said in a statement.
The Villamar project is a mixed used residential, retail, hospitality and
leisure complex spread over 35,900 sq m at the heart of Bahrain Financial
Harbour featuring a built up area of more than 250,000 sq m.
Hisham Alrayes, CEO of GFH, said: “Completion and handover of the residential
units at Villamar has been a major priority for the Group and we’re delighted to
have now reached this very important and exciting milestone for buyers at the
development.
"This is one of the flagship projects on Bahrain’s skyline and we’ve done all we
can to ensure the development of one of the most advanced and exclusive
residential complexes offering both privacy, from its island location, as well
as close proximity and easy access to key business and retail districts in the
kingdom.
"As we move to complete the handover, I’d like to express my gratitude to our
investors and partners in the project and to the many government authorities
whose support was essential to our success.”
Shaikh Hamed Al Khalifa, CEO of GFH Properties, added: “We’re extremely pleased
to be announcing this significant development and major show of progress at the
landmark Villamar project... we are confident that Villamar will provide an
ideal residential environment for buyers that are set to secure their newly
completed, state-of-the-art properties."
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