Lagoon Leasing and Jawad Group announce agreement for the Lagoon, Amwaj Islands. Agreement includes:

• Open 5 outlets and 1 supermarket
• Lease of approximately 3000 sqm
• Opening planned for 3rd Quarter

Manama, Bahrain- Lagoon Leasing and Jawad Group announced yesterday the signing of an agreement to lease an approximate space of 3000 sqm at the Lagoon commercial development, on Amwaj Islands.

Signing the agreement was Mr Saud Al Nusuf, Chairman of Lagoon Leasing and Mr Faisal Jawad, Chairman of Jawad Group in the presence of Mr Ahmed Habib, Head of Sales-ADIH, as well as a representative from Cluttons, the facility manager.

On the occasion, Mr Saud Al Nusuf said, ‘we are delighted to sign this agreement with the reputable Jawad Group – as the Group is a major contributor to the Bahraini retail market. The presence of such clients is significant in further pushing quality. Despite the economic downturn internationally, demand to lease Lagoon units has increased, especially after electricity and other work has been completed.’

Mr Faisal Jawad commented, ‘being part of the Lagoon among other international brands only reinforces our leading position within the market. The Lagoon is quite a unique development that will definitely provide a new destination for Bahrain residents and visitors alike. We hope through our outlets here that customers enjoy the usual highest quality of services that Jawad Group offers.’

Outlets planned to open at the Lagoon include: Quiznos Sub, Costa Coffee, Chilies, La Fratella Italiana as well as Magic Wok. The Jawad Supermarket will occupy approximately 2000 sqm.

The master plan for The Lagoon, draws reference from other internationally acclaimed destinations such as London’s Convent Garden and Sydney’s Cockle Bay Wharf. Offering retail and restaurants outlets to consumers and visitors. The commercial development is comprised of eight low rise blocks, facing the sea front with ample covered parking at the rear and 1 km walkway that stretches the perimeter of The Lagoon.

Owners at the Lagoon include: Al Shaye’e Group, Sultan Centre, and Kharafi Global, as well as, various other internationally renowned names. Expected date of opening is April 2009.