(For more retail coverage, click GlobeSt.com/RETAIL and for more on themultifamily market, click here.)
BAHRAIN-Bahrain Bay Development has linked up with one of Asia'slargest property companies, CapitaLand, to acquire land and developa $600-million residential and retail zone within the Bahrain Baydevelopment project. BDB, a joint venture between Arcapita Bank anda Bahrain-based investment group, is looking to develop theDistrict Centre.
This is the largest single development zone available withinBahrain Bay and spans 45,500 sm. On completion, the District Centreis expected to comprise 230,000 sm of development or 20% of thetotal Bahrain Bay project.
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