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About Us |
The Grand Bahama Development Company
As the Master Developer for the City of Freeport Devco has developed approximately 40,000 individual lots in 45 subdivisions and a seven mile fully bulkheaded seawater canal system. Devco has two shareholders, The Port Group Limited - www.gbpa.com, and Hutchison Development Bahamas Limited - www.hutchison-whampoa.com. |
There is an annual service charge attached to each property purchased from Devco. Service charges currently range in price from approximately $280 to $2000 annually.
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The Grand Bahama Development Company Limited (Devco) owns over 70,000
acres of land on Grand Bahama Island. Devco is responsible for master
planning most of the land zoned for tourist/commercial and residential
use within the city of Freeport. Devco undertakes development in its own
right as well as selling land to third party Developers.