Pearl Development and Real Estate Company (PDREC), a consortium of GCC investors, has announced plans to launch  the Platinum Tower — its second project in Bahrain.

Construction work on the project was slated to commence last month.
Valued at BD25 million ($66 million), the Platinum Tower project will be located in Seef, and will be a private sector freehold commercial development.
“This initiative is completely in line with our long term-strategy,” says Hatim Dadabhai, managing director, Pegasus Realty. “The project has immense investment potential, which will in turn contribute to the country's economy by bringing inward investment."
It will comprise 128 offices spread over 29 floors and will include a retail component. The project will also offer 253 parking bays.
Set to rise on a 23,750 sq ft plot, the development will offer a total built-up area of 382,520 sq ft.
In addition to the state-of-the-art technology, the Platinum Tower development will boast of health clubs, executive health spa with steam/sauna, large swimming pool, jacuzzi and sun deck and landscaped terrace.
Pegasus Realty is the sales agent for the project.