The implementation of real estate developments is ensured by Solidere directly, in joint venture with partners, or through and in liaison with other developers having recuperated or bought property in Beirut city center.
Solidere developments are meeting with success, suggesting the existence of a pent up demand for the type of products offered. UN House is headquarters of ESCWA (Economic and Social Council for Western Asia) and other UN agencies, also accommodating the World Bank. The Embassy complex houses the Japanese, British and Australian embassies, with other embassies moving in soon. Restored office buildings in the Conservation Area and apartment buildings in the Saifi, Wadi Abou Jamil and Zokak El Blatt residential neighborhoods are fully occupied. So are the very popular Saifi Village apartments and Quartier des Arts, as well as the multiuse development on Rue de France, comprising an office building and a residential block with a health club.
The Beirut Souks under construction is a 100,000-sq m commercial and leisure complex, destined to be a major magnet in the city center.
This success led Solidere to initiate concepts in consultancy with Lebanese and international architects for extensions to Saifi Village, as well as new residential clusters in Wadi Abou Jamil, a multiuse development complex near Beirut Souks and projects in the hotel district. A number of development lots were accordingly sold with their real estate program, architectural concept, and possibly a development package.