In terms of foreign activities, the Group is active in the field of income generating assets and residential properties in the U.S.A, India and UK. The Group holds income generating assets, the most prominent of which is the HSBC Tower in New York’s 5th Avenue. The Group initiates, together with partners, the establishment and marketing of residential neighborhoods, mainly in the Indian cities of Chennai and Mysore, at a scope of approx. 2,700 residential units. In addition, the Group has also been included as a partner in three England-based Hilton hotels in the cities of London, Birmingham and Cardiff, together totaling 2,050 hotel rooms and conference halls.
All foreign operations are executed in cooperation with local partners in such a manner that allows efficient utilization of PBC’s extensive experience and abilities, combined with the familiarity with relevant markets and advantages of the local partners.