A comprehensive renovation of Reef Mall in Malkiya will take around 20 months, the GDN has learnt.
The developer, Bahrain Real Estate Investment Company (Edamah), said the refurbishment will include visual enhancements, such as repainting of walls and the addition of a wall-cladding system as well as replacement of the floor tiles, and renovation of the ceilings.
The safety upgrades will include replacing the CCTV system, the fire alarm system, and installing a new firefighting sprinkler system.
New lighting and air conditioning will also be installed as a part of enhancement of all facilities.
Edamah said the renovation is part of its commitment to serving local communities. The company hopes to enhance the mall’s appearance and create a more comfortable customer experience for people living in Malkiya and its surrounding areas.
The renovation will also elevate Reef Mall into a shopping destination with a greater focus on safe, supervised, children’s activities.
Reef Mall was set up in 2010 and is owned by Edamah, the real-estate arm of Bahrain’s sovereign wealth fund, Mumtalakat.
Edamah was incorporated in 2006 to manage and expand an assorted portfolio of real estate in Bahrain, with a focus on the leisure and entertainment and industrial sectors.
Another key community-centric project is the ongoing $12 million renovation of Sitra Mall into a modern shopping centre and lifestyle destination.
Amana, a wholly-owned subsidiary of Edamah with operational experience in the retail, industrial, leisure, and F&B sectors, manages the mall.
The three-phase Sitra Mall renovation project aims to enhance the customer experience and create a family-friendly neighbourhood recreational space which will serve residents of the Sitra community and the surrounding areas.
Noting that leading retail establishments in the kingdom have successfully evolved in response to new consumer trends, global real estate consultancy Knight Frank’s Bahrain Real Estate Market Review last month concluded that by expertly blending traditional retail offerings with food and beverage, entertainment and leisure experiences, these entities have managed to maintain high occupancy and lease rates.
A report by real estate services and investment firm CBRE earlier this year pegged the supply of super regional and regional malls in Bahrain at approximately 927,000sqm on a gross leasable area basis as of Q1-2023.
avinash@gdnmedia.bh
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