Interviews

Based in Bahrain

By MECN Adminstrator

Posted on April 24, 2011

CBRE’s newest recruit Coryn Hellewell will head the company’s growing office in Bahrain

With a decade of experience under her belt, Coryn Hellewell’s latest role with CB Richard Ellis will see her tasked with expanding the presence of real estate consultancy in Bahrain.

A firm with a world-wide presence and strong reputation, Hellewell will front the company’s rapidly growing Bahraini base, with responsibility for new business development for residential leasing, across all asset levels.

“Our aim is to establish the CBRE name in the local market place for agency leasing,” Hellewell comments

“We will also be developing a residential leasing team, who will lease properties on behalf of all landlords in Bahrain. In addition, we are also looking to increase the number of residential properties in our management portfolio,” she adds.

Appointed at the start of March, Hellewell previously worked as an associate director of residential leasing for Cluttons LLP, also in Bahrain. As a result, Hellewell has extensive knowledge of the market in the kingdom, to bring to this new role.

CBRE’s world-wide presence extends through 200 offices, excluding affiliates, and 31,000 employees.

Head quartered in Los Angeles the firm has been present in the Middle East for a number of year, opening the Bahrain office in November 2008. Also with a strong presence in the UAE, the firm publishes regular reports on both the real estate and commercial letting markets region-wide.

Services include valuations, master plan advisory, best use and feasibility studies and the company serves real estate owners, investors and occupiers. In addition CBRE also offers development services, investment management and facilities and project management.

In a Q4 2010 analysis of the Bahraini market, CBRE said the kingdom is on target to meet a 4% annual GDP growth and that international ratings agencies Fitch and C&P reaffirmed Bahrain’s ‘A’ grade rating for sovereign debt.

This appointment represents a significant expansion of our professional team during challenging times”

Bahrain’s government has set a budget of BN240 million for social housing projects this year, and Qatar’s successful World Cup bid has renewed interested in the stalled Friendship Bridge project.

“We are delighted that Coryn Hellewell is joining our team,” says senior director or valuations Richard Botham.

“Coryn has been actively involved in real estate for many years and has a wealth of knowledge and experience which will be invaluable to CBRE.

“This appointment represents a significant expansion of our professional team during challenging times, growing our business and allowing us to offer clients even more comprehensive services in the residential sector.”

Hellewell adds: “I am thrilled to have been appointed by the world’s leading commercial property consultancy and I look forward to utilizing the many advantages that CB Richard Ellis can offer its clients, not only in Bahrain but pan-Gulf.”

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