American Company to Build Planned Gated and Integrated Housing Community in Liberia

MONROVIA, Liberia, June 29 Global-Building-Solut
MONROVIA, Liberia, June 29 /PRNewswire/ -- Global Building Solutions (Liberia) Limited, a wholly owned subsidiary of Global Building Solutions (GBS) of Charleston, South Carolina, is embarking on a major housing development project in post-conflict Liberia. In a direct response to the call of Her Excellency, President Ellen Johnson Sirleaf, for Liberians in the Diaspora to return home and help in the rebuilding of Liberia, GBS is addressing one of the many challenges faced by those who seek to return home -- the need for quality and modern living facilities since much of Liberia's housing was destroyed or is dilapidated. By designing, developing and constructing planned housing communities, with modern facilities and amenities, GBS intends to help Liberia re-attract much of Liberia's middle-class and intellectual capital that fled Liberia during its decade and a half of intermittent civil wars.

For the first planned housing community, GBS is partnering with highly esteemed real estate developer, Ben M. Gramling, III to build Harmony View, a large tract property nestled in an area with a beautiful view of the water, in a suburb right outside of Monrovia. The gated community when completed will have magnificent water views, with modern single family homes, shared recreational amenities, onsite property management company, and as the community grows a small convenient shop, paved access roads, running water and electricity, and 24-hour security.

GBS launched a website (www.liberianhomes.com) to provide information including designs and floor plans, and available financing options. The company is in active discussions with selected local banks in Liberia to act as lender-partners for homebuyers and is working out all the modalities. In addition, other external sources of capital for short to medium term financing are being explored. "We are extremely excited about this venture, and truly believe that we are doing the right thing for Liberia and for our business success. We believe that the market for quality and high standard housing in Liberia is real and we expect a great response to our product offering, especially from those Liberians living in the United States. As investors, we have a very positive outlook for the future of Liberia and intend to see it through," said Michael P. Murphy, Executive Vice President of GBS.

GBS recently completed the construction of The RLJ Kendeja Resort Hotel, a four star resort and first of its kind for Liberia. GBS was asked by Mr. Robert L. Johnson, Founder of The RLJ Group of Companies to build the villa type style resort hotel in Liberia. The hotel officially opened in June of this year, but also hosted guests of the International Women's Colloquium held in Liberia this past March. The company currently has a team of both expatriate and Liberian expertise in building and construction and has trained and employed over 300 Liberian tradesmen and women to work on its projects. GBS, in conjunction with its affiliates, has been involved in over $5 billion worth of residential and commercial construction projects around the world in partnership with other builders, architects, designers and developers. The company also has an active presence in Gabon, West Africa and has entered into agreement with the Government of that country to build housing.

Media Contact: Kelly Seger, Charleston, SC, +1-843-723-6262; or Thomas Jeffrey, Monrovia, Liberia, +231-6-533-499


SOURCE Global Building Solutions