Chahe yerevanian biography of martin

A new COO was appointed, Mr. Georges Khoury, leading the digital transformation of the company and introducing a new eco-system to better promote the portfolio on the global market, aligning with the objectives and strategy of SAYFCO stakeholders. Youmna Hayek has been appointed CFO and leads the financial department. With a long and respected tenure in the company, Mrs.

Anita Stephan now heads the Legal and Customer Service department. Furthermore, several new departments were created to help support and build on the new vision of Mr. This evolution in the structure enables SAYFCO to better their already high standards of servicing, ensuring greater added value when assisting or promoting any real estate entrepreneur or landowner.

Many more projects are in the pipeline, and are set to make serious waves in the real estate market. SAYFCO is clearly setting itself on a positive track, and is aggressively looking ahead to the new year, understanding that success lies in the vision of its leader Mr Yerevanian, and in the belief of people that are inspired as one team to building dreams, and shaping realities.

Top Posts. Olayan School of Business: First M42 signals genomics expansion with strategic partnership with Get Ready for a February Full of Fun Real Estate. March 17, Related Articles. Seven Tides appoints Dhabi Contracting to complete Golf Ara Yerevanian, their father and founder of the family real estate development firm, passed away after months of fighting cancer — and having led the family through a host of other struggles besides.

Ara had shuffled his family between Paris and Lebanon with the ebb and flow of conflict in the civil war, and eventually landed his family in Canada. The threat of bankruptcy drove the Yerevanians back to Paris in Only the conclusion of the war offered a reprieve: In , the family returned to Lebanon. Their focus was to provide affordable housing.

Vahe was in charge of managing the construction, while Chahe was to cover sales and marketing. Business finally began to pick up for the family. The company was at the time built around him, and the trust that he himself had personally garnered. No one knew his sons. The family business had at that time taken on more risk than it had in the past, all while the Lebanese real estate market was foundering.

Saddled with debt and with sales at a standstill, by the business was on the brink of a collapse. So the family called on Chahe in to rescue the business. But the first item on the agenda, of course, was to grapple with the ballooning debt and interest rates. The bankers were calling. So Chahe sold land — and lots of it. Though the ledger was steeped in red, the company was nevertheless flush with assets A few thousand square meters went in one direction, ten thousand in another, fifteen thousand elsewhere.

In short, Chahe hit the reset button on the company.

Chahe yerevanian biography of martin

He knew there was an interest in buying property in Lebanon, but also how poor the reputation of Lebanese developers was abroad. They received a response within the half hour. What the clients found, Chahe believes, is a level of customer service more in line with the United States or London. The first clients amounted to no more than eight Bahrainis; but from their positive experience working with the family, they talked.

Chahe followed up the word-of-mouth marketing and persistent communication with roadshows when they were launching a new product. But he then foresaw the coming luxury boom. The 11 villas at Clouds would sell for between three and twelve million dollars. But he kept , square meters to develop the resort Eden. But after I cleaned up the company, I was able to sell him on my ideas for the future.

At the time, Serge was back in the United States.