Nearly 200 staff members and agents from the Frank Salt Real Estate Group and its support divisions gathered for the Annual General Meeting on Tuesday 27th February at Corinthia San Gorg.
In the opening address, Chairman and founder Frank Salt reminded staff that in its 49th year of operations the most powerful attribute of Frank Salt Real Estate continues to be the company’s impeccable reputation consistently built over the years through the integrity, professionalism and values of its employees. “In a year of ups and downs for Malta, we pride ourselves on constantly behaving ethically in terms of our core business of buying, selling, letting and management of residential and commercial property and in every aspect of our operations. We are the largest family-owned real estate company on the island, with almost 50 years of consistent professionalism, service and high standards dedicated to our clients and the industry.” Mr Salt added
Mr. Salt continued with a demonstration to the staff of what is possible with hard work and commitment. “You are all part of our great Frank Salt family and I encourage and support the success of each of you in the company. My office door is always open.’” he said. “Our family is growing each year and this year will see continued growth,” he continued, with reference to Frank Salt Real Estate’s expansion into new branches, most recent being tal-Ibrag, Fgura and the Commercial branch at Portomaso, and new markets as evidenced over the course of 2017.
The Chairman introduced two new directors to the board of the Frank Salt Group. Godfrey Swain, a former senior HSBC executive and HSBC senior international Asia based banker recently joined the Board of Directors bringing new skills and strategic perspective. The Chairman also congratulated Darren De Domenico, Chief Operations Officer for the last three years and promoted to Director to complete a strong line up of family and non-family professionals on the board of the company.
Detailed statistics regarding the company’s performance in relation to the property market in Malta were presented by Darren De Domenico. “2017 was another record year for the company. We are proud to say that we have increased market share for the third consecutive year, volume and value of sales has also increased across all sectors of the industry” he said. “Frank Salt Real Estate continues to perform steadily well, showing growth in residential and commercial property sales and letting, as well as in our support divisions of property management and home interiors. We have the strongest possible teams across all disciplines within the company and it shows in terms of our performance and endorsements from both local and international clients who continue to use our services” he said.
The AGM continued with an address from Director and Manager of HOQ, Homes of Quality, Grahame Salt who paid tribute to the hard work of all the company members as well as the international agents in attendance. Grahame reminded staff of the benefit and value to property owners and developers of utilising Frank Salt Real Estate’s recently launched sole agency packages – Premium and Premium Plus. No other real estate agency offers the tools and channels available to ensure the successful sale of properties” he said. In addition, Grahame renewed a commitment to company CSR initiatives for 2018, with a personal commitment to a major environmental project to be launched shortly that will make a very significant contribution to one of Malta’s largest and most critical charitable institutions. “Our commitment to the public and the industry has never changed and we will continue to support sustainable development that has the interests of Malta’s heritage at heart.” he added.
The Frank Salt Real Estate AGM also took the opportunity to recognize the contribution of staff exceeding 5 years of service. A total of 58 long service gifts were awarded, demonstrating the company’s culture of being a place that people love to work for, and the commitment of staff to remaining loyal to the company, some in excess of 30 years.
The highlight of the afternoon was the much-coveted Branch of the Year award for the highest performing Frank Salt Real Estate branch as calculated by a comprehensive scorecard across a number of metrics. Stanley Bonello and his team at Fgura Branch received the award for a third consecutive year demonstrating the company’s commitment and leadership in the fast growing Southern region of the island.