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The Grand Bahama Development Company

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.

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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