Real-Estate Development
HB Group recognises that a critical component of its existing and future success is the availability of high quality, fit for purpose property and real estate. This encompasses residential, commercial, industrial and leisure properties.
During the last 10 years, and in contrast to global trends, Libya has witnessed a boom in real estate development and prices. Through its real estate investment subsidiary Al Saada, established in 2006, HB Group has anticipated the growing demand, especially for commercial real estate, and invested heavily in developing a large property portfolio. The present valuation and capitalization sets the assets and companies representing HB Group at over 150 Million USD.
HB Group has established Al Masdar, its construction and contracting subsidiary, and Al Masader, its supplier of raw material and chemical additives for construction, to service this large and growing sector in Libya.
The Group has used the synergies available between its subsidiaries to identify, market, purchase, build and lease properties to various international and local companies, both within the Group and third parties.
The Group creates high quality, modern, fit for purpose commercial premises, with exclusive services and a distinct, modern and sophisticated feel. Local and international clients include Occidental Petroleum and Wahda Bank, as well as internal clients such as Mango, Marks and Spencer, and Next. Property types provided include commercial buildings, warehouses, farms, lands and estates.
The Group works exclusively with well established, international companies in order to ensure a consistent, sustainable supply of properties and business performance over the long term. It aims to continue to grow its portfolio within Libya and other geographies.