By Staff writer
Bahrain firm's expansion plans include acquisitions and developing existing assets
Bahrain-based mall operator Seef Properties is planning to double its business in the next two years, with multi-million dollar expansion plans.
The operator outlined its ambitious expansion strategy for the next five years, with a combination of acquisitions and developing existing assets in Bahrain, according to its general manager, Robert Addison, speaking to Gulf Daily News.
The company’s current project, a 70,000 square metre mall in Muharraq, is due to open next November at a cost of $53m (BD20m).
The joint venture with Muharraq Mall Company will be anchored by Geant Hypermarket and a 14-screen cinema complex operated by Dubai-based Grand Cinemas.
The company has also recently reopened its Magic Island indoor theme park at Seef Mall, after a $7m refurbishment.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.