Hi, I posted this in Febuary, but it was in a different thread with a bunch of projects, so I don't think people saw it, so I decided to make a new one, enjoy:


Seef Mall Expansion

http://tradearabia.com/source/2005-01/30/seef.jpg

http://www.ameinfo.com/images/news/5/11535-seef-jan-30-2005.jpg

Seef Properties, the leading property development and management company in Bahrain, has unveiled the image of Seef Mall's West Wing Expansion.

The ambitious project is scheduled for completion by the beginning of next year.

Seef Mall's West Expansion commenced last year with the appointment of local consultants Hisham AbdulRahman Jaffer (HAJ) Consultancy responsible for the quantity surveying and project management of the multi-million dollar venture.

The nearly $40 million expansion is set to increase Seef Mall's capacity by over one third of its current size, bringing the total Gross Lettable Area to approximately 75,000 square metres.

"Seef Properties' positive move towards the Seef Mall Expansion came as a result of extensive market research, excellent sales track record witnessed by the mall over the past couple of years and our projected growth in demand," said Seef Properties leasing and merchandising manager Khalid Fadhul.

"Our findings revealed the expansion would inevitably meet the customer demands for additional shopping choice while satisfying the retailers who are eager to setup their operations in the Seef Mall premises."

The additional 22,000 square metres of space will house two floors filled with an extensive retail mix consisting of new fashion brands, Multimedia stores, sports outlets and a variety of new coffee shops and restaurants to complement the expansion.

Seef Properties has also signed up with new tenants some of whom include internationally renowned brand names associated with quality in product standards such as Kenneth Cole Unisex Fashion, Coccinelle ladies bags, Enzo Angilioni Ladies Footwear, Aldo Accessories, Strand Bags, Paul Frank Industries character driven concept.

"Seef Properties has been committed to providing its Seef Mall visitors with the ultimate shopping experience through its extensive choice in fashion, technology, entertainment and dining outlets," said Fadhul.

"We have therefore ensured that the new expansion supports our on-going strategy of spoiling our customers for choice by introducing a variety of new brands into the market to suit everyone's taste," says Fadhul.

Seef Mall, the most visited shopping and leisure destination in Bahrain, covers over 100,000m².

The mall currently offers customers a selection of 220 retail shops of various international brands, a 16 screen multiplex cinema and more than 40 restaurants and coffee shops, which combined, offer seating for approximately over 2,000 people.

For shopper's convenience, the mall provides a 650-vehicle multi storey covered car park with air-conditioned entrances leading to all the mall's main shopping floors, with a further 2,250 car parking spaces surrounding the mall.

The guys in Bahrain, how are works progressing on this?

I wonder how this west expansion will be integrated with the rest of the mall..!

I think it will be in the carpark near the old cinema, you know the one where they had the MTC tent when it first launched. It should be there, that's the west side of the mall.

Yeah, but how will it be joined exactly...i mean how will people from the old end enter the new west expansion, since theres BHS in the way, and the cenimas upstairs..

That I don't know, am sure they'll open it from Shoe City downstairs, somewhere around there and somewhere behind the cinema, although I can't clearly see how that'll happen. Again, this is planned out so they've taken into account all of these things.

Well Pat. Its clear from the top pics (2nd), a coridor from main entrance (one taking to Starbucks) to the expansion will serve the purpose.

The guys in Bahrain, how are works progressing on this?
Nothing yet, parking is closed and area is boundried. they are in the very early stages

Well by the time am back, there must be somethin goin on if they want to finish it early 2006. This should be a good addition to seef mall.

Wow, u could see all that from the 2nd pic!! Thanx moody for the clarification, i think u might just be right...

I can see the Seef Mall expansion area from my window, and drive past it everyday.

I'll be sure to take pictures once significant construction begins.

yippie another new member

welcome!!! :)

great you try to take some photos!

I was there this weekend. You can see the whole place is cornered off and I took a look inside, the just started putting in all the material and orginzing all the steal and stuff. So im guessing they'll break ground within this week.

I was there this weekend. You can see the whole place is cornered off and I took a look inside, the just started putting in all the material and orginzing all the steal and stuff. So im guessing they'll break ground within this week.

You seem to know Bahrain very well, do you go there a lot? do u maybe have family there!?

Ya Qatar4ever is a frequent Bahrain visitor and I think he mentioned to me he has family there (his sister if am not wrong).

Agool, tabay n36eek il gawaz il 7amar? Hehehe :D

It's good this thing will break ground soon, this should look really nice when completed. Seef Mall really needed to expand and I think this will serve the purpose quite good.

want to know one more fact ?

The lenght of both malls (city Centre and seef mall) is about 500 meters

but seef is much thinner than the later.... much thinner ,,,,,

So any news on the expansion!? Hows it coming along? And when is the flyover going to be finished..!!!

Construction has started lately..

افتتاح الجناح الغربي* ‬في* ‬شهر* ‬يوليو القادم* ‬
استمرار أعمال التشييد لتوسعة* »‬السيف*« ‬بنسبة *٠٥‬%

http://www.imagestation.com/picture/sraid181/p5e9a96b08402b3e0ec1d446275dadbd4/f2e17cba.jpg
أعلن مجمع السيف عن إستمرار أعمال التشييد في* ‬الجناح الغربي* ‬للمجمع*. ‬يهدف بناء الجناح الغربى و الذى تبلغ* ‬مساحته نحو *٣٢ ‬ألف متر مربع إلى تلبية الطلب المتزايد و توفير المزيد من خيارات التسوق فى المجمع التجاري* ‬و مركز الترفيه العائلى المفضل فى مملكة البحرين*. ‬
ومن المنتظر أن* ‬يتم الإنتهاء من أعمال التوسعة وأن تكون بداية التشغيل بحلول* ‬يوليو *٦٠٠٢ ‬،* ‬وسوف* ‬يتكون الجناح الغربى من طابقين من مساحات التسوق بحيث تشكل امتدادا طبيعيا لمبنى المجمع القائم والتي* ‬تمثل زيادة بنسبة *٠٥ ‬%* ‬في* ‬مساحة المجمع الحالية القابلة للإيجار،* ‬وسوف* ‬يتضمن أيضا مبنى لمواقف السيارات* ‬يتسع ل *٠٠٥ ‬سيارة و العديد من البوابات الإضافية لتقليل الضغط على البوابات القائمة،* ‬إلى جانب برج مكون من *٩١ ‬طابقاً* ‬سوف* ‬يتم إتمام أعمال البناء به بصورة منفصلة في* ‬الربع الأول من عام *٧٠٠٢. ‬
وقد علق باول دي* ‬نيكولا،* ‬الرئيس التنفيذي* ‬لشركة عقارات السيف على أعمال التشييد الخاصة بالجناح الغربي* ‬بالقول* »‬إن التوسع سوف* ‬يمكننا من إعطاء الزائرين المزيد من الخيارات المتنوعة،* ‬كما سيتم تقديم العديد من الماركات العالمية الجديدة فى مجمع السيف بعض منها* ‬يتم تقديمه لأول مرة على مستوى المنطقة مما* ‬يثرى تجربة الشراء لدى زائرى المجمع*« ‬وأضاف دى نيكولا* : »‬ان إلتزامنا راسخ بالإحتفاظ بمكانتنا الرائدة بوصفنا وجهة التسوق و الترفيه العائلى الأولى في* ‬البلاد*«. ‬
وجديـر بالذكر أن مجمع السيف سيتصل بالجناح الغربى عن طريق البوابة رقــم *١ ‬و التى ستصـبح المدخــل الرئيسـى للتوســع الجديــد*. ‬
سيتم إغلاق البوابة *١ ‬بصورة مؤقتة اعتبارا من اليوم الموافق *٠١‬أغسطس الجاري* ‬و لمدة ثلاثة أشهر تقريباً،* ‬في* ‬حين ستبقى البوابات الخمس الأخرى مفتوحة كالمعتاد خلال هذه الفترة*. ‬
كما أن بوسع زوار المجمع استخدام موقف السيارات الداخلي* ‬والذي* ‬يتسع ل*٠٥٦ ‬سيارة بالاضافة الى مواقف السيارات الخارجية المقابلة لكل بوابة من بوابات المجمع*. ‬‬

Seef Expansion will be ready by july 2006, it includes 19 stories tower and a car park building for 500 cars

Nice project indeed. Its a good thing they are building a new car park building to go along with the expansion.

My friend and I were wondering the other day what made seef so succesful and made alaali and other large malls around the region such a failure. I think the reason was seef had a better study of a mall should be. Instead of going ahead and building one huge mall that will end with only half of the places rented out, they built on stages. And upon the success of every stage or phase of the mall's development, they studied and expansion and built it. This what makes seef one of the more popular and probably one of the most profitable malls in the region.

7aram 3alaik, i wouldn't call Al Aali Mall a failure...not anymore at least....Plus i think Seef got lucky from the start and then probably started doing what u talked about...planning and stuff....

The 19 story tower was not part of the original design i think, right....So more office spaces!!!

How many stories is the old seef tower? Will they be the same height!?
Just curious how they compare...

Seef tower (shamil tower as it's also known) is 17 stories. There was a 35 storey or so hotel proposed but that changed and they built the office.

The problem with Al A'ali is that the rents were toooo expensive and Seef was cheaper, that's why it's better, although Al A'ali was billed to be better.

Yeah, not to mention the initial 6 month free of rent offer when seef was opened ! I heard it was behind full occupation in record time.

Guys, some news about the new seef tower....

http://www.imagestation.com/picture/sraid186/p16bb44b5877954db41795b3b09e81013/f24ee50e.jpg Seef Properties and Singaporean award-winning Fraser-Serviced Residences yesterday signed an agreement to construct a BD7 million service apartments – Fraser Suites – as part of the ongoing expansion of the Seef Mall.
The agreement was signed between the Seef Properties’ Chief Executive Officer, Paul de Nicola, and Chief Operating Officer of Fraser Serviced Residences, Choe Peng Sum. Singapore’s Minister of Transport, Yeo Cheow Tong and Chairman of the board of directors of Seef Properties, Waleed Abdullah Hamad Al Zamil were also present during the signing ceremony.
“The construction work on the ground and first floor of the 20-strorey building that consists of expansion of Seef Mall, car park is on the third floor, and other facilities is under way,” said de Nicola. “The actual construction of the 91 service apartments, that will begin from the sixth floor onwards will commence in January 2006 and will conclude in January 2007. This property, to be operational by April 2007, will be located above the popular Seef Mall’s new west expansion, offering unparalleled convenience to the residents.”
“The Fraser Suites project, is owned and developed by the Seef Properties and will be managed by Fraser. The idea of Fraser Suites, that will have single and two bedroom apartments came as long term stay is more common in such facilities. Seef Properties wanted to set a new benchmark in branded service apartment operations in Bahrain,” said de Nicola. “Fraser came up clearly as the partner of choice with its vision of a purpose-built service residence made to Fraser specifications and international gold standard. We are also captured by the very distinct lifestyle offering that Fraser brings to the table that will differentiate the project from others in Bahrain.”
“Bahrain is a key business gateway, and the banking and financial capital of the Middle East features prominently in our expansion plans for the Gulf,” said Choe.

Thanks for the article. Weird, I posted a pic and it doesn't seem to be here, hmm.

Ok, here they are:

http://www.imagestation.com/picture/sraid186/p3c4457618d5ff019aeaee76bfd8e57c1/f25a5102.jpg

http://www.imagestation.com/picture/sraid186/p2e8f2e8d143f6a5968aa56f1849c5fa2/f25a5469.jpg

I found this pic by Hayley (big difference from my last post):

Taken from the landmark building:

http://static.flickr.com/35/71188872_3bbda1b61f_b.jpg

missing bahrain much! iam off to dubai on saturday and then bahrain on the 22nd so i will be sure to visit all these LANDMARKS ahah seef looks kinda dark...

I live near Landmark building.

Who's Hayley?

Some chic that took the pic (name from flickr).

They are doing a new car park building, I saw them building a ramp today.

http://img489.imageshack.us/img489/7589/seeftower9tz.jpg

This looks like a poster, where did you take it from?

I got it online and enlarged it....heres the link (http://www.fraserhospitality.com/frasercolln/newdevlp.html)

OOOH, thats what it is....I was wondering why it looked funny, and that it couldn't be the tower, cuz they said construction would start on it seperately and later on...Its tthe 2nd Multi-storie carpark...I forgot they were building one....

http://www.imagestation.com/picture/sraid201/p33f78dc231c263d002ba96acad9fa77a/eff88f6a.jpg http://www.imagestation.com/picture/sraid201/pa6443323b85db753e490f0516a695a4f/eff88eff.jpg

http://www.imagestation.com/picture/sraid201/p6c2ebe43b94207db20a33d054cf8aed6/eff88941.jpg http://www.imagestation.com/picture/sraid201/p16bbd114010fe1b69b924bc11951fc3f/eff88a74.jpg

The last picture is of the part that'll be all glass on top, and from the side as well... :) ^^

Hi, it's my first post. Does anybody know if they own the big land north of the new expansion? Also I have a feeling that when City Center opens and Toys R Us move there, Seef Mall may expand from that side near Chillis too.

Could be a possibility..But then again City Center is going really slow..i wonder what the problem is.

the strip is owned by govt including A'ali mall, the just pay royalty fee for the land....

Aali Mall land is owned by Haji Hassan Al Ali family I'm sure of that.Sure hope the northern peice is owned by Gov cos will give space for more expansion.

Would be great if they connect the Seef and Al Ali through a bridge like Malls in Singapore.

Well i was wondering why Bahrain doesnt have an underground city since it is so small and connect malls etc. from there. I guess its harder now that buildings are built on the top.But it still could be a possibility worth considering.

http://static.flickr.com/35/71179545_bb3c57c4e2.jpg?v=0

Where did you take this pic from Bahraini, nice view.

Where did you take this pic from Bahraini, nice view.

It's taken from Flickr, somebody lives in that building not far from almoayyed tower. I don't think Natural lives in that one hehe. I posted a pic ages ago from a girl called Hayley.

I certainly dont live in it..bahraini 87 might :)

great!!!

http://static.flickr.com/51/140868138_fe8e5914c9_o.jpg

Seef Mall looks REALLY Big now...! :)

I was told yesterday that a few years ago Al Seef proposed a link between them and Alali, but Alali didn't agree. Now Alali want the link and Seef don't.

I heard that Seef was going to construct a sort of over pass link with Bahrain Mall =S

That was many yrs ago, before Bahrain mall even opened..!

http://static.flickr.com/51/140868138_fe8e5914c9_o.jpg

Big difference from this pic I took last september:
http://www.imagestation.com/picture/sraid186/p2e8f2e8d143f6a5968aa56f1849c5fa2/f25a5469.jpg

http://static.flickr.com/45/144583351_11c1d510cc_o.jpg

http://static.flickr.com/48/144583354_3de994feec_o.jpg

http://static.flickr.com/53/144583353_a08657fab9_o.jpg

http://static.flickr.com/48/144583355_b2d9a845e9_o.jpg

:eek: they are working really fast on this....and from the looks of the construction they are probably going to start on the residential tower straight away :)

last week :

http://upload.arb7.com/uploads/9c5d1974db.jpg (http://upload.arb7.com)

http://upload.arb7.com/uploads/65d9a1e525.jpg (http://upload.arb7.com)

http://upload.arb7.com/uploads/cbc83ed7a4.jpg (http://upload.arb7.com)

http://upload.arb7.com/uploads/fe87f92f71.jpg (http://upload.arb7.com)

some renders

http://upload.arb7.com/uploads/43c98f0327.jpg (http://upload.arb7.com)
http://upload.arb7.com/uploads/45f64647b0.jpg (http://upload.arb7.com)
http://upload.arb7.com/uploads/5b45869015.jpg (http://upload.arb7.com)
http://upload.arb7.com/uploads/3759dfc551.jpg (http://upload.arb7.com)

This project is completed and the new expansion is open now... i was there lastnight. it is very nice from inside, gives you different feel from the old seef building

yes its really cool...

yah its so cool

I went to the new part today, I have to say it look VERY nice, although I wonder when all the shops will be open and running (assuming all the lots have been rented).

http://farm1.static.flickr.com/129/347774737_b7569a1351_b.jpg

http://farm1.static.flickr.com/129/366617285_1e9f3604bf.jpg?v=0



.

i took these last week :

http://www.up07.com/upload-74/wh_49543171.JPG


http://www.up07.com/upload-74/wh_54200284.JPG



http://www.up07.com/upload-74/wh_79655574.JPG



http://www.up07.com/upload-74/wh_42637787.JPG



http://www.up07.com/upload-74/wh_24927103.JPG



http://www.up07.com/upload-74/wh_86219912.JPG



http://www.up07.com/upload-74/wh_64908437.JPG



http://www.up07.com/upload-74/wh_52913311.JPG




:)

.

amazing, did they mention anything about when it will be fully completed with all the shops open?

Many many shops have opened now...

Anyways, this is the Apartment ***** it seems, they're proceeding on construction...

http://img457.imageshack.us/img457/1331/dsc01524fs5.jpg

yesterday 27 feb 2008 ..

http://www4.0zz0.com/2008/02/28/12/102485983.jpg


..

http://aycu22.webshots.com/image/43981/2000143324267035708_rs.jpg

Krispy Kreme enters Bahrain :drool:

Krispy Kreme doughnuts, the world-famous American doughnut chain, announced the opening of its first outlet in the Kingdom. Located at the upper level of Seef Mall the outlet will open its door for business on the first day of Eid Al Fitr. This was announced at a Press conference.
Jim Rogers, Vice President of International Marketing for Krispy Kreme, attended the event alongside its operating partners in Bahrain, Sherif Nasser, General Manager of Americana, Bahrain.
As part of the promotional plan, Krispy Kreme will celebrate the opening by giving the first 25 customers through the doors free doughnuts for one year and the following 25 customers will get free doughnuts for 6 months. Moreover, local DJ, Krazy Kevin will be brought in to entertain the crowds. Prior to the official opening of the store, Krispy Kreme gave away 90000 pieces of fresh doughnuts for people at shopping malls, society clubs and offices. The promotional period started on September 18 and was held till September 27.
Sheirf Nasser said: “We are happy and proud to have this famous doughnut chain in Bahrain. Seef Mall will be an ideal place for such a brand, which will guarantee high number of people visiting and an immediate success for the store and for Americana itself.”
Jim Rogers Vice President of International Marketing for Krispy Kreme said: “We are happy to witness the opening of the first Krispy Kreme store in Bahrain. Krispy Kreme has been in the region two years ago. Along with our partner Americana, we have brought Krispy Kreme to customers in Kuwait, the UAE, Saudi Arabia and Qatar. We look forward to sharing this experience with our friends in Bahrain.”

استمرار مباحثات تطوير «سار» .. و«سيتي سنتر» مكمل
فخرو: مشروع فندقي تجاري في السيف بـ120 مليون دينار في 2009

الوقت - حسين خميس:
قال رئيس مجلس إدارة شركة عقارات السيف عبدالرحمن فخرو إن الشركة تجري مباحثات مع بنك الإسكان بهدف تطوير الأرض المحاذية لمجمع سار، متوقعاً في الوقت نفسه البدء في تنفيذ مشروع فندقي تجاري سكني في منطقة السيف بكلفة 120 مليون دينار العام المقبل.
وأوضح فخرو في اتصال مع ''الوقت''، أن الموعد المحدد لتسلم برج الشقق الفندقية ''فريزر السيف'' والذي بلغت كلفته نحو 8 ملايين دينار في منتصف نوفمبر/تشرين الأول المقبل، بعد أن كان من المقرر تسليمه في سبتمبر/أيلول.
وكان فخرو ذكر في حديث سابق أن دارسة الجدوى تتوقع أن يحقق المشروع عائداً استثمارياً مباشراً يصل إلى 12%، كما أنه سيساهم في زيادة نشاط المجمع التجاري، مشيراً إلى أن برج الشقق الذي يضم 91 شقة سيراعي التعاليم الإسلامية.
وأوضح أن الشركة في سباق مع الزمن لتنفيذ وتطوير موقع مجمع سار، مشيراً إلى وجود اجتماعات مشتركة مع بنك الإسكان تتعلق بتنفيذ المشروع وهو عبارة عن مجمع تجاري يضم مجموعة من الخدمات على الأرض المملوكة للبنك والمحاذية لمجمع سينما سار المملوك لشركة عقارات السيف، مع احتفاظ البنك بملكيته للأرض.
وعن الكلفة المتوقعة وموعد بدء التنفيذ قال ''إن الدراسات لازالت مستمرة ولم يتم تحديد الكلفة بعد، متوقعاً البدء في تنفيذه مع نهاية العام المقبل''.
كما بين أن الشركة تدرس حالياً إنشاء مشروع تصل كلفته إلى 120 مليون دينار في منطقة السيف على الأرض التي يقام عليها حالياً ''تويز آر أص''، مشيراً إلى أن المشروع الذي سيقام على عدة مراحل سيكون سكنيا وتجاريا متصلا مع مجمع السيف إضافة إلى فندق 5 نجوم. ولفت إلى وجود محادثات مع إحدى الشركات لتنفيذ المشروع.
من جانب آخر وحول اقتراب موعد افتتاح ''البحرين سيتي سنتر'' رسميا وتأثيره على مجمع السيف قال فخرو ''إن المجمعين التجاريين - السيف وسيتي سنتر - سيكمل كل منهما الآخر''، مشيراً إلى أن المنطقة قادرة على استيعاب المزيد من المجمعات التجارية وهو ما يدل عليه نسبة الإشغال في المجمعات التجارية (السيف، ستي سنتر، الدانة، مارينا مول، ومجمع البحرين) رغم كونها تقع في منطقة واحدة.
وفيما إذا خرجت عدد من المحال التجارية من السيف إلى ستي سنتر قال فعلياً لم يخرج أحد، مستدركاً أحد المحال التجارية الكبرى انتقل إلى ''ستي سنتر'' بهدف الحصول على مساحة أكبر وهو يستأجر طابقين من المجمع، ولكن الوكيل له طلب استمرار تأجير المساحة بهدف دخول وكالات تجارية جديدة تابعة له

Proposed 2009 new BD120 Mil Seef Mall extension on the car park north of Marks & Spencer. New extension will be connected to seef mall and will contain a 5 star hotel and a commercial & residential tower.

Î don't get this... this would be in front of gate 6 !??

Wherever it supposedly is... I don't see it happening..

BD 120 Mil is a HUGE amount of money...

I agree with Patriot !! BD 120mi, thats just insane... it cost around 250mi to build the whole of city center and around 20mi to build the marriott.. maybe they meant USD, makes a lot mroe sense..

Well i guess we'll find out sooner or later when the actual source (seef mall) release something officially..

I think he meant value, 120Mil, they will never disclose the actual or estimated cost!!

Imagine this.

A big skating rink with a huge LCD screen surrounded by three levels of shopping stores with wide corridors and an upscale food court like the one in Emirates Mall with another huge LCD screen. A mini indoor carting arena, bowling ally, a hypermarket, a huge furniture store similar to Ikea Dubai, and a link to the Aali mall with shops on both sides. Also a five star hotel and a 70 Floor business tower with a grandiose entrance to the new mall. :banana::banana:

How much will that cost? :)

Seef Mall north expansion on the Toys R Us plot will be postponed till 2010

Fraiser Suites and a 500 car capacity Seef car park will open end of April 2009

Work will start on a pedestrian bridge over Sh Khalifa Highway to connect Seef Mall to Bahrain Mall before the end of this year

مليون دينار لجسر مشاة بين »‬السيف« ‬و»البحرين مول«..‬فخرو: ‬
»‬عقارات السيف« ‬تطلق مشاريع بـ33,‬7 ‬مليون دينار ‬2009 ‬
إيهاب أحمد

أعلنت شركة عقارات السيف أمس عن إطلاق عدد من المشاريع في العام الحالي بكلفة 33.7 مليون دينار منها تشييد جسر للمشاة يربط بين مجمع السيف ومجمع "البحرين مول" بقيمة مليون دينار.

كما وتتضمن حزمة المشاريع توسعة مجمع مدينة عيسى بكلفة 2.7 مليون دينار وتطوير مجمع سار بالشراكة مع وزارة الإسكان بـ30 مليون دينار وافتتاح برج السيف نهاية أبريل المقبل.

كما وأعلنت عن تأجيل مشروع توسعة شمال السيف الذي تصل كلفته إلى 120 مليون دينار إلى العام المقبل وتأجيل إقامة مجمع في الحد وتطوير أرض بمنطقة السنابس. ومشروع "الرفاع فيوز" كما وزّعت 4.6 مليون دينار أرباحاً نقدية على مساهميها.

وقال رئيس مجلس إدارة شركة عقارات السيف عبدالرحمن فخرو إن الشركة ستبني جسراً للمشاة فوق طريق الشيخ خليفة بكلفة مليون دينار خلال الربع الأخير من 2009.

وأضاف فخرو على هامش الجمعية العمومية أمس "تطلق (السيف) شركة مقفلة الأسبوع المقبل لمتابعة أعمال بناء الجسر الذي يربط بين مجمع السيف التجاري ومجمع البحرين"، لافتاً إلى طرح مناقصات بهذا الخصوص بعد الإعلان عن تأسيس الشركة مباشرة.

وأعلن فخرو عن طرح مناقصة أوائل الشهر المقبل لتوسعة مجمع مدينة عيسى العام الجاري، بكلفة 2.7 مليون دينار وينتهي العمل به خلال العام 2010.

وبيّن أن شركة "عقارات السيف" تقوم الآن بالخطوات النهائية مع وزارة الإسكان للإعلان عن الشراكة في مايو المقبل لمشروع مجمع سار المكون من محلات تجارية ودور للسينما إضافة إلى مواقف سيارات وتبلغ كلفة المجمع قرابة 30 مليون دينار وتتحملها مناصفة الشركة ووزارة الإسكان.

وأعلن فخرو عن افتتاح برج السيف للشقق الفندقية المدمج "فريزر سويتس السيف البحرين" فئة 5 نجوم بنهاية أبريل المقبل وتبلغ كلفة مشروع برج الشقق الفندقية 11 مليون دينار ويضم 91 شقة فندقية وتديره شركة فريز سويتس، إذ كان من المقرر أن تفتتح العام الماضي لافتاً إلى أنه سيتم قريباً افتتاح موقف السيارات متعدد الطوابق يتسع لـ500 سيارة ليكمل موقف السيارات الحالي بسعة 650 سيارة.

وكشف فخرو عن تأجيل الشركة مشروع بقيمة 120 مليون دينار لـ"التوسعة الشمالية" لمجمع السيف (محلات تجارية وفندق) إلى مطلع العام 2010 وتأجيل فكرة إقامة مجمع في جنوب جزر أمواج بالحد وتطوير أرض بمنطقة السنابس كان من المقرر أن يقام مجمع جديد عليها، مشيراً إلى أن التفاوض مع مشروع "الرفاع فيوز" لبناء مجمع تجاري بالمشروع لم يصل إلى اتفاق حتى الآن.

وفي سياق ذي صلة أكد فخرو أن الشركة تتمتع بسيولة كافية وأنها ليست بحاجة لرفع رأسمالها البالغ 46 مليون دينار عبر إصدار أسهم منحة وأنها تستثمر حالياً دون التفكير في الاقتراض.

وعن تأثير الأزمة المالية على نتائج الأرباح قال فخرو "إن العالم شهد أزمة مالية أثرت سلباً على كافة القطاعات الاقتصادية بنسب متفاوتة وهو ما انعكس على نتائج الشركة المالية التي تكبدت 7 ملايين دينار بسبب انخفاض القيمة العادية غير المحققة للاستثمارات العقارية في 2008".

وأوضح أن أرباح الاستثمارات العقارية غير المحققة بلغت في 2008 ما قيمته 7.2 مليون دينار بعد أن كانت 14.6 مليون دينار متراجعة بنسبة 51%. مشيراً إلى ارتفاع إجمالي حقوق المساهمين والمطلوبات من 93.7 مليون دينار في 2007 إلى 106.6 ملايين دينار في 2008 أي بما نسبته 13.8%. كما حققت الشركة ارتفاعاً في النتائج التشغيلية بنسبة 4.5% حيث بلغت 8.35 مليون دينار بعد أن كانت 8.1 مليون دينار في 2007.

ولفت فخرو إلى أن إدارة شركة عقارات السيف وضعت الخطوات والإجراءات اللازمة لمواجهة تحديات الأزمة متوقعاً أن تعود الأعمال التجارية إلى ما كانت عليه بشكل تدريجي مع حلول نهاية العام الجاري.

وأكد استمرار إشغال محلات مجمع السيف بنسبة 100% معتبراً أن المملكة مازالت بحاجة إلى مزيد من المجمعات التجارية لسد احتياجات البحرين منتقداً في الوقت ذاته وجود عدد من المجمعات في مساحة لا تتعدى كيلومتر مربع مما يتسبب في زحام مروري وزيادة الضغط على المنطقة وهو ما اعتبره "سوء تخطيط" على حد وصفة. مؤكداً أن مجمع السيف يتمتع بمكانة لدى المستهلك وأن التراجع على عمليات الشراء هو جراء الأزمة المالية مقدراً التراجع بين 10% و15%.

وأشار إلى أن الشركة تسعى لطرح عروض ترويجية وخطط تسويقية لجلب الزوار والمتسوقين، كما إن الشركة في طور عملية تجديد وتحسين البنية الداخلية والخارجية للمجمع.

So this bridge will be from seef to Bahrain mall? not from one side of the road to the next?

It'll be a long bridge.. hehe...

But u know what, i had heard about this like about 8 years ago, imagine.. And i just figured, it was some idea that got forgotten about... :)

^^ I am confused too :nuts: I still think it's a pedestrian bridge from one side to the other, you know how rubbish reporting is in our newspapers.

Fraser Suites now open in Seef Mall

http://bahrain.frasershospitality.com/

Fraser Suites, part of Seef Mall expansion.

http://up.arab-x.com/Dec09/VHq02444.jpg

By بحريني غير

Are those damn fountains still not turned on??!! :bleep:

Are those damn fountains still not turned on??!! :bleep:

i took this yesterday ,,

http://up2.pc4up.com/2009/11/FSr02967.jpg


,,

Seef Properties profit hits $21m

MANAMA: In spite of the problems faced in the property market last year, Seef Properties still managed to post a healthy operating profit of BD7.86 million ($20.84m) for the year.

"This represents a mild reduction of 5.6 per cent over the last year, and given the economic situation that the region has sailed through in the last year, we believe that these levels of operating results are acceptable," said chairman Abdulrahman Fakhro.

Property rental income reduced marginally from BD9.18m in 2008 to BD9.04m last year.

"This is caused by strategic changes adopted by several regional retailers who have relocated their operations out of Bahrain," said Mr Fakhro.

"The year 2009 witnessed a series of austerity measures brought in by many entities that included review of ongoing projects and reduced spending on advertising and publicity.

"Most businesses have now been adopting a very cautious approach in offering new commitments.

"Such steps that were expected in an economic scenario witnessed globally, have certainly impacted the operations and performance of most retail facilities.

"The property market is still in a stage of correction," he added.

"As an obvious outcome of the changes in the valuations, the company's investment property has been impacted by recognition of unrealised fair-value adjustment of BD809,330 in 2009.

The fair-value gains recognised during 2008 was BD7.19m," he added.

The net profit stood at BD7.05m compared with BD15.72m in 2008. The basic earnings per share last year were 15 fils per share compared with 34 fils at end-2008.

The board is recommending a dividend payment of five fils per share subject to approval by shareholders at the annual general assembly.

During the year, the wholly-owned subsidiary Fraser Suites Seef commenced its commercial operations, offering high-class fully-furnished serviced apartments in the newly opened Tower block which is part of the Seef Mall.

A new multi-storey car park with a capacity of 550 vehicles was also opened to the public last year.

Additional passenger lifts have been added to the old multi-storey car park.

This year, Seef Mall is set to undergo an internal renovation that will enhance the ambience and will provide a better shopping experience to the visitors.

"The company looks forward to a sustained growth and stability in the economy with a strong hope and belief that all economic sectors will return to a more realistic and credible levels," Mr Fakhro said.

I heard a lot of shops were closing down in the 'new' part of seef, where Fire of Brazil, and PAUL are... That part of the mall is not doing particularly well, especially after the City Centre opened..

^^ Yes correct, I counted around 15 shops closed a couple of months ago, apparently one Imarati company which rented 7 shops in the new extention closed shop in Bahrain and Saudi and retreated back to Dubai because of lack of buisness. Also the big electronics shop on the second floor closed plus the Austrailian ice cream parlour which wasn't doing well from the start.

I was there last week and some shops had the leased sign on. A gourmet super market will open in September and a new noodle shop will open soon. The Brazilian resturat has reopened and Lina's sandwich and Vivel transferred from the Diplomatic area to Seef Mall. I guess Seef mall managment are doing somthing right to attract buisnesses again, does anybody here know how they're doing it? have they decreased rents or what?

The Al Futtaim electronics shop closed? lol.. That was a big one!

^^ No No not Al Futaim, the one inside the Mall.

The Futtaim one is inside the mall.. Upstairs... Sorta across from Fire of Brazil.. Across from that 'dolce' i think Cafe.. Dolce or Dolce Vita if i'm not mistaken..

It was called Plug Ins I think, does it belong to Al Futtaim? I dunno.

Also Dolce is Spaso now and Fire of Brazil is Brasa de Brazil, dunno if it's a change of names only or different owners.

New BD 2.5Mill Seef Mall renovation

New Northern Seef Mall extention cancelled

Bridge over Khalifa Bin Salman Highway from Seef Mall to Bahrain Mall which was planned to contain retail outlets and coffe shops cancelled (I'ts a shame, could have been one of the best projects in Bahrain)

وحول مشروعات الشركة في الفترة القادمة.. قال فخرو إنه تم إلغاء مشروع التوسعة الشمالية للمجمع بسبب الظروف التي مر بها الشريك الاستثماري نتيجة لتبعات الأزمة الاقتصادية العالمية وانسحابه من تمويل المشروع، فيما تم الانسحاب أيضا من مشروع الجسر المزمع عقده بين مجمعي السيف وجيان بعرض شارع الملك فيصل بحيث يحتوي هذا الجسر على عدد من المحلات التجارية والمقاهي بطول الجسر.. وذلك بسبب الكلفة الكبيرة للمشروع التي تجاوزت الميزانية المرصودة له في وقت سابق.
في المقابل توالي الشركة مشروعاتها التطويرية للمجمع وسيتم البدء في تحديثه بالكامل وعمل واجهة جديدة وتطوير الإضاءة والديكور الداخلي بكلفة إجمالية نحو 2.5 مليون دينار.. كما سيتم تنفيذ عدد من المشروعات الجديدة في سار وغيرها.
وقال فخرو إن نسبة الامتلاء في برج (فريزر سويتس) الذي افتتح الأسبوع الماضي رسميا مرتفعة للغاية في الفترة الأخيرة نتيجة لتواؤمه مع رغبات العائلات الخليجية التي تقبل على الإقامة به بشكل كبير لقربه من المنطقة التجارية الأهم في البحرين.. وأوضح أنه إذا سار على معدل إشغال 60% في المتوسط فسيتم تحصيل عوائد الاستثمار فيه خلال 6 سنوات فقط.. والجدير بالذكر أن المشروع ملك للشركة بالكامل وبلغت قيمة الاستثمارات فيه نحو 11 مليون دينار بحريني

Yep, the bridge would've been intersting.. I had forgotten about it though.. U know when i first heard about it.. About 10 years ago.. Hahahaha... Ridiculous :)