International law firm Trowers & Hamlins is delighted to be advising leading financial group and longstanding client GFH Financial Group on The Harbour Row development in Bahrain. Work began on the $150 million, mixed-used project in January 2016.
The Harbour Row development is a landmark project within the Bahrain Financial Harbour. It will comprise luxury residential units – including studios, one-bedroom, two-bedrooms, three-bedrooms and penthouses – and a promenade with a trendy commercial element.
Trowers & Hamlins is advising GFH on the legal structuring of the project, including advising on the overall community structure, the interplay between its various elements, and the template documentation for the sale and lease of units.
In recent comments to the press, Elias Karaan, Head of Real Estate Development of GFH Financial Group, said: "The swift commencement of site preparation works at The Harbour Row development following the project launch at BIPEX in October is a positive development for us and our investors and stakeholders.”
Abdul-Haq Mohammed, Head of International Real Estate at Trowers & Hamlins, said: "We are very pleased to be involved in this exciting new project with one of our longstanding clients. Despite the challenging economic conditions across the region, real estate remains an extremely important asset class. We are finding that developers are coming back to the table with plans for new projects and for the resurrection of previously dormant ones."
GFH is listed on the Bahrain Stock Exchange, Kuwait Stock Exchange, London Stock Exchange, and Dubai Financial Market.
The Trowers & Hamlins team advising GFH includes real estate specialists Abdul-Haq Mohammed, Sallie Bowtell, and Mairead Finlay.