The Libra Group is a privately-owned international business group that controls 30 subsidiaries operating across five continents. It is primarily focused on five core sectors: shipping, aviation, real estate, hospitality and energy. Outside those areas there are selected 'diversified investments'. The Libra Group is wholly-owned by the Logothetis family.
Before the creation of the Libra Group in 2003, the family's business had been centred on shipping. The major expansion and diversification of the group was made possible by the sale of a total of 67 ships between 2004 and 2007.
Recently we have again been investing at scale in the transportation sector. Our aviation leasing business has acquired aircraft with a value approaching $6 billion since its inception. In November 2007, and then again in 2013/14, we sold the majority of our aircraft fleet and embarked on large-scale fleet renewal process, most recently investing in a substantial fleet of modern helicopters. During the current market downturn our shipping company, Lomar, has acquired more than 70 vessels, including orders for over 20 all-new fuel-efficient ships.
Our residential and commercial real estate interests are global and include ownership of three million square feet of residential and commercial property in South America plus a portfolio of real estate in many of the world's leading economic hubs including Los Angeles, Miami, New York, London, Athens, Singapore and Bangkok.
Our hospitality interests, including those under construction, comprise over 40 hotels, with many of them featuring critically-acclaimed spas and restaurants.
Meanwhile, our energy businesses that began with solar and wind parks in the Mediterranean have now expanded to a portfolio of more than 40 projects including solar energy parks across the Americas, industrial-scale biofuel manufacturing and ownership of fuel cell and other cogeneration plants in North America, as well as biogas facilities in Northern Europe. Our renewable energy facilities have a combined generating capacity of over 370MW while our project pipeline exceeds 1 GW.
The group owns a number of companies that fall outside our core business sectors yet meet our broad investment criteria. These diversified investments currently include a media company in Los Angeles, a financial services company with offices in London and New York, and a leading Greek manufacturer of sustainably-sourced mattresses and other sleep products.
Because Libra is a family business, we hold dear to family values but we also encourage diversity and initiative. Each Libra Group business exercises a considerable degree of autonomy. We believe that local experience and insight aids confident investment decisions and ensures operational efficiency.
We recognise our responsibility for the environment and to the communities among which we operate. Our wide range of education and community engagement activities are broadly linked to the themes of supporting tomorrow's leaders and assisting people who have been denied or have limited opportunity. The Libra Internship Programme has now expanded to encompass 100 young people per annum. Other educational support includes the McCain Institute's 'Next Generation Leaders Program', MBA students at the Athens University of Business and Economics and research fellowships at Johns Hopkins University School of Medicine.
Our principal community and philanthropic activities comprise The Hellenic Entrepreneurship Award - a €7 million commitment to an annual award for entrepreneurs in Greece; The Concordia Summit - we are the founding sponsor of this non-profit organization that promotes public-private partnerships; the Seleni Institute - a New York-based organisation that addresses women's reproductive and maternal mental health, and The Grace Foundation - charitable support through match-funding between the Libra Group and guests at our hotels across the world.
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- Track Record