'New Direction' for Cluttons Bahrain

Press release
Published February 21st, 2011 - 03:30 GMT

Bahrain-based Cluttons, the real estate specialist that has enjoyed a dedicated Middle Eastern presence since 1976 and with the largest footprint in the region, today announced its ‘new directional intent for 2011’. With over 20 years of real estate experience, Tim Glover, the man at the helm, is making strong changes in the management and optimizing operations in Bahrain.

“I am looking to ensure Cluttons Bahrain operates strongly in 2011 –adapting to the changing market conditions. By upgrading existing teams, infusing new local talent and introducing innovative practices into the organization we hope to attain higher standards and achieve the business goals that we have set for this year,” said Tim Glover, CEO, Cluttons Bahrain in an exclusive comment to the press. “Real estate projects across the island will require Cluttons brand of expertise to help them navigate through the prevailing tough conditions,” he added.

Cluttons Bahrain’s core services range from financial appraisals and feasibility studies at project conception stage through to marketing, letting and management of completed projects together with property mortgage valuation and sales services. All of these services, together with other specialist services, are provided to the highest international standards  regulated by the Royal Institution of Chartered Surveyors.

“The international property downturn has come at a time when most regional property markets have witnessed considerable oversupply coupled with dwindling demand,” added Glover. “ We are aware that where offers are made for properties in the current market, those offers are at figures well below what would have been offered in late 2008.”

In Bahrain Cluttons has a diverse client base that includes many high profile clients including government organizations throughout the Arabian Gulf, major private property landlords, local and international banks, and many international corporate clients operating in the region.

Globally, Cluttons has been expanding into markets such as South East Asia, Europe and the Gulf. The latest expansion brings a strategic alliance and business venture with VPC Asia Pacific, to undertake commercial property consultancy operations across VPC’s 40 offices in major Asian countries including Malaysia, China, Thailand, India, Singapore, Taiwan, Japan and Indonesia. VPC Asia Pacific in association with Cluttons will offer a wide range of real estate services, drawing on the specialisms and expertise of both partners to deliver an exceptional service to clients in the Far East and UK. In  June 2010 Cluttons Bahrain signed a Memorandum of Understanding  to enter the Kingdom ofSaudi  Arabia market in a Joint Venture  set up  with one of the niche Saudi companies, offices will open in the next few months.

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