Wholly-owned subsidiary of Eskan Bank; Eskan Properties is the property development and real estate investment arm of the bank, embracing financing, property management and fund raising activities to support the construction of social and affordable housing units, community projects and commercial projects.
Through its wholly-owned subsidiary, Eskan Properties Company, the Bank implements its strategic commitment to be a major developer of social and affordable housing, and community related commercial projects, to support the Ministry of Housing’s objectives and the social agenda of Bahrain’s Economic Vision 2030.
Eskan Properties Company aspires to be an innovative leader in real estate development within Bahrain and is committed to social betterment of Bahraini citizens through the impact of its operations. Its vocation is to manage the development of real estate projects owned by the Bank or by third parties through professional services . Together with the Bank, Eskan Properties Company aims to attract landowners, investors and government institutions to commission real estate development together with associated financial services.
Its services include: Project identification; land assessment and business model preparation; the management of feasibility studies; the design process; government approvals; contractors assignment; development management; quantity survey and the sales and marketing process. Once projects are completed, property management and facilities management services can be offered.
In addition, Eskan Properties Company provides financial management solutions including fund raising management and financial structuring, jointly with Eskan Bank.
The formation of Eskan Properties Company has enabled Eskan Bank to move from a financial facilitator to a far more pro-active role in serving the affordable home-ownership needs of Bahrain.
It commenced operations in April 2007 and to date has managed several substantial projects from concept and design stage through to completion and handover