This will be Chestertons’ fourth office in the MENA region
Global real estate services firm, Chestertons has announced further expansion in the MENA region with the opening of their new office in Bahrain.
The new office will be located at the Lagoons at Amwaj Islands. With this office, the total number of Chestertons’ location in the MENA region will be four, adding to the existing offices in Dubai and Abu Dhabi.
Nick Witty, managing director, Chestertons, MENA said, “Chestertons has maintained a permanent presence in the Middle East since 2008 and the decision to expand into the Bahrain market represents the next logical step in our regional growth strategy.”
“Despite the economic slowdown, the Bahrain market has remained resilient which is largely due to the Bahraini Government’s foresightedness in establishing Tamkeen, the National Labour Fund, aimed at promoting foreign direct investment into the Kingdom as well as introducing initiatives to support new businesses,” he added.
According to the company, Chestertons’ is currently operating across five continents in20 countries with 120 offices based in the UK, Europe, Asia Pacific and the MENA region. The new office in Bahrain will add on the firm’s growing presence, globally.
Bahrain has a well-established and diverse real estate market and there are a wealth of opportunities across all asset classes in the Kingdom. Given the breadth of our international network, we have also identified opportunities to bring commercial and residential investment product to the local market, so we see this move as a very important opportunity for our growth in the region,” added Witty.
The company is said to focus on valuation, feasibility, and highest and best use studies, as well as international residential sales.
According to the company, Adam Wilson, head of valuations for MENA, will be responsible for leading the Bahrain team, winning new business and developing client relationships. He has over 15 years senior management experience in the Europe and Middle East and North Africa markets and has been involved with several high-profile projects and clients.
“Bahrain currently has a very limited number of internationally recognised brands providing professional real estate advice, who maintain a permanent presence in the market. This move will allow us to fully accommodate the increasing demand from clients in Bahrain requiring experienced and qualified advisors to maximise returns from their real estate portfolios. I look forward to fully establishing ourselves in the Kingdom and growing the business year on year,” said Wilson.