1980: Creation of Bailet Holding
The famous spa town of Evian-les-Bains saw the launch of Bailet Holding, covering the Haute-Savoie region of France. Bailet Holding is a family run company and is headed by M. Laurent Bailet, the son of the founder.
Claude Bailet, the founder, who started as electrician, developed his company over the years and focused immediately on the location of his projects, and its great quality.
1995: The son of the founder joins the business
Laurent Bailet has been graduated from university and joined the family business. He was in charge to create and develop a new business which was the real estate agencies for the resale properties market.
1998: Launch of “Le Lemaniaz” residence in the heart of Evian
Claude and Laurent Bailet launched in the hearth of Evian city centre, a project which offers them the door to the Middle East market.
Le Lemaniaz is located at the entrance of the walking street of Evian, and 200 meters from the Lake with its harbour, promenade and restaurants.
Le Lemaniaz was also the first project with a modern architecture including large window overlooking the Lake. Today 90% of the residence is own by GCC citizens.
2000: Laurent BAILET becomes the CEO of the Groupe.
Claude Bailet transfers his company to his son. He developed the business and created all real estate services.
Over the years, we have been developing pro¬perties around Lake Geneva , the famous Ski re-sort of Les Portes du Soleil and more recently partnering with other developers in Paris and the Cote d’Azur. Within the last 10 years, the emphasis for investment has brought us more and more into the Gulf and the Middle East.
2008: Launch of “Les jardins d’Hermance” Project in Veigy
With the help of client’s feedback and understanding their requirements, Laurent Bailet launched first of its kind, a villa compound in Geneva Lake region. The project is known as “Les jardins d’Hermance”. It was delivered in 2010.
The project was an instant hit and did accelerate our business with Middle East. This allowed us to introduce a new branch of customer service called LB Privilege services.
The main objective was to manage all the 40 villas in the absence of their owners. LB Privilege services provide tailor-made solution to meet owners’ requirements which includes managing owner’s post, tax declaration, utilities and keeping their homes well-maintained.
September 2010: Creation of the first office in Middle East “Al France Property”
In order to represent our investors in these regions, Bailet Holding launched their international property consultancy firm in Septem¬ber 2010 under the name “Al France Property” in Abu Dhabi, United Arab Emirates.
2011: Creation of a new branch in Kuwait
Al France Property opens a new branch in Kuwait, in partnership with a very well-known and reputable AL KAZEMI family.
Both offices were in charge to market together different projects every year, in collaboration with the Head Office in France.
2012: Partnerships with new developers
Laurent Bailet signed up to represent other developers from the Geneva Lake area. He selected them according to the location and quality of their construction, to respect the special needs of our clients.
During this year, again, to answer to clients special requirements, Al France Property started to develop other areas such as Paris and Côte d’Azur.
2013: Historical relocation of head-office in Thonon
The business reaches another landmark step, and Laurent Bailet realized that it was the time to move into a bigger office in Thonon-les-Bains.
This new head quarter has able to accommodate all the team and services under one roof, making it easier for clients to get ‘one window service’ for all their needs.
Interestingly the new head quarter is located in “Le France” residence which was built by the founder of the company. With this move, company has rebranded itself under a new name called Groupe LB but with the same traditions and values that we have been holding for decades.
2015: Rebranding to Vendome International Property
LB Immobilier decides to market projects of not only France but other major real estate markets around the world. Then, the new brand Vendome International Property was launched. Same year, the regional head office moved from Abu Dhabi to Dubai.
2015: Moving from Abu Dhabi to Dubai
Vendome International Property, the regional head office in Middle East, moves from Abu Dhabi to Dubai.
2015: Rebranding to LB Creations
The group rebrands from old “Bailet Holding” to LB Creations.