Ghelamco Group was established by Paul Gheysens in Belgium in 1985. The company started as a general contractor focusing on industrial real estate. As the company grew, we expanded our operations to small offices and residential projects in Belgium. In the early nineties, Ghelamco Group identified opportunities in the Polish offices, warehousing and residential market. This heralded a highly successful expansion into that Central European country, where we have now gained invaluable experience in obtaining and executing building permits for the best available land plots. In 2005, Ghelamco Group further expanded its operations in the logistics market in Russia and Ukraine. In Belgium, we grew our activities in the retail market and in mixed use urban projects.
Today, Ghelamco Group is synonymous with a market leader that combines its strengths of a reliable, high quality and diversified real estate developer in a wide field of market segments with inherent flexibility to anticipate new market trends. Our capabilities have been widely recognized by the market via numerous awards, such as Developer of the Year 2006, 2007 and 2008 by the Construction and Investment Journal.