Cenomi Centers Partners with JLL and CBRE on Jawharat Riyadh Offices

Riyadh, Saudi Arabia - August 26, 2025: Cenomi Centers has chosen JLL and CBRE to lead leasing efforts for the office component of Jawharat Riyadh, a landmark development that will become the capital’s first mall to achieve LEED Gold certification. The project, which is scheduled to open in 2026, will introduce more than 30 international brands to Riyadh and is projected to attract over 20 million annual visitors.

The scheme features 65,000 square meters of premium office space designed to balance efficiency with employee wellbeing. Tenants will have direct access to more than 300 retail and entertainment outlets, with the location offering high visibility and strong transport links across the city. Cenomi said that by working with two global real estate leaders, it intends to draw a diverse mix of tenants seeking a prestigious address alongside a sustainable working environment.

Environmental performance is central to the vision for Jawharat Riyadh. By committing to LEED Gold standards, Cenomi is aligning the project with Saudi Arabia’s Vision 2030 goals and tapping into growing demand for green-certified commercial space. The developer believes the credentials will not only appeal to international occupiers focused on reducing their environmental impact, but also contribute to higher rental returns in a market already defined by limited supply.

Both JLL and CBRE have been tasked with advising on leasing strategy and securing high-quality tenants. Their appointment comes as Riyadh’s office market continues to perform strongly, with prime rents climbing to $871 per square meter annually at the end of 2024.

The announcement follows Cenomi Centers’ 10-year partnership with Unibail-Rodamco-Westfield, unveiled earlier this year, which gives the Saudi company exclusive rights to the Westfield brand in the Kingdom. Jawharat Riyadh will be among the first properties to benefit from that alliance, which covers leasing, operations, and retail media, while also raising the profile of Saudi retail internationally.

Bruno Wehbe, president for flagship assets and new ventures at Cenomi Centers, said: “We selected JLL and CBRE as our leasing advisors for Jawharat Riyadh as their expertise and strong track record in the real estate market, particularly in high-profile developments, make them the ideal partners for this landmark project. With their support, we are confident that Jawharat Riyadh will attract the finest tenants who are equally invested in sustainability. Together, we are bringing to life a world-class destination that will redefine the city’s office, retail, and entertainment offerings, in line with the Kingdom’s Vision 2030 ambition.”

Jade Verona, director for landlord leasing advisory in Saudi Arabia at JLL, said: “We are delighted to partner with Cenomi Centers and deliver top-tier leasing advisory services by leveraging our deep market knowledge and global network to maximise the value of Jawharat Riyadh's office component. We are confident that Jawharat Riyadh’s green credentials and unique offerings will secure the perfect tenant mix and create an unparalleled value proposition for organisations in this landmark destination.”

Anthony Spary, senior director at CBRE MENA, added: “The Riyadh market is seeing unprecedented demand for Grade A office space with limited supply due to be delivered over the course of the next 12 months. Jawharat Riyadh is therefore perfectly positioned to attract both multi-national and regional tenants, seeking to acquire ‘best in class’ office space, benefiting from an ecosystem not yet prominent in the Riyadh market. CBRE is excited to partner with Cenomi Centers on this mandate and we look forward to playing a key role in the overall success of the development.”

Cenomi said the leasing partnership is intended to meet rising demand for high-quality commercial space in the Saudi capital, while ensuring Jawharat Riyadh emerges as a dynamic hub for business, retail, and leisure.