Savills, the leading global real estate advisor, has been appointed as the exclusive property and marketing manager for Bahrain’s Gosi Mall by the Amlak Social Insurance Organization Development Company S.P.C (Amlak), a wholly owned subsidiary of the Social Insurance Organisation (SIO). Savills significant market expertise will help bolster Gosi Mall’s position as the go-to hub for communications and technology in the Kingdom of Bahrain.
Gosi Mall, Bahrain's prestigious shopping destination, opened in 1996 and was one of the country's first grand malls at the time. Since then, the property has welcomed several communications, technology, and smartphones retailers and built a reputation as the go-to place for retail electronics. Gosi Mall's prominent location in the heart of Manama also attracted well-established governmental and educational institutions and is home to the public notary and Ahlia University.
In this new role, the Savills team will manage the property including overseeing the marketing, day-to-day tenant and building matters, financial reporting, and lease administration. Furthermore, Savills dedicated experts will also offer additional services including rent collection, service charge administration, tenant liaison and communication, commercialisation, and promotional activities.
Harry Goodson-Wickes, Head of Northern Gulf at Savills comments, “We are honoured to be trusted by Amlak to manage their prestigious property and are determined to foster Gosi mall’s position as the go-to tech space. Our local knowledge of the market and ability to provide trusted research & market insights will enable us to identify the key areas where we can market the tech experiences of the mall, thereby aimed to attract footfall. The mall is smartly situated in the heart of the capital and neighbours’ prominent government & educational institutions and businesses, making it easily accessible to all.”
CEO of Amlak, Yousif Abdullatif AlThawadi adds, “With businesses in Bahrain catching up with an accelerating market, it is critical to enhance the position of prime business centres. Due to Gosi Mall's prime location in the heart of Manama, it is critical for us to develop a smart and technologically driven profile, and I am confident that Savills is the right partner to assist us in accomplishing this goal.”
The prerequisites of managing and operating large malls are highly specific and require unique expertise. Savills will deliver an omnichannel and methodical approach to address the requirements of both tenants and landlords. Savills professional team has substantial experience and a strong hold within the region that has equipped them to manage and deliver world-class services for the management of Gosi Mall.