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Our History

Our parent company GROUPE LB was established in 1980 in the famous Spa town of Thonon-les-Bains, near Geneva. Over the years, Laurent Bailet and his teams have been developing the business always offer more services to clients.

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2015: Rebranding to LB Creations

The group rebrands from old “Bailet Holding” to LB Creations.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.