Our story so far

Dave Webster, our chairman, started his venture into the property sector in 1991. Since then, we at The 79th Group have made constant strides forward in our respective sectors.

Our Chairman

Now Chairman of The 79th Group, David Webster’s journey began when he left school at the age of fifteen to join his family’s retail business operating in the in the Merseyside area.

Where it all began

Realising the vast potential of the property sector, David Webster began his first venture into the property market and purchased his first buy-to-let property in Anfield, a suburb of Liverpool.

1991

From 100 to 800 properties

Over a span of fifteen years, David’s real estate portfolio quickly grew from one property to over eight hundred properties situated across the United Kingdom. At this point in time, David was the largest private landlord in the UK.

Between 2000 and 2007

David was pivotal in the establishment of the Merseyside Development Group, acquiring and developing thousands of properties across the North West of England. In addition, David also founded The Innovation Group, a business which provided private investors, some of which were professional football players, exposure to the property market in the United Kingdom.

2000 - 2007

2011

Following semi-retirement, David sold his shares in both the Merseyside Development Group and The Innovation Group in order to focus his efforts on other projects.

2011

2013

Following his exemplary track record in asset management, David was appointed as a consultant by a variety of world-renowned institutions such as SNR Denton – a renowned legal firm in London, and The Gunvor Group – one of the world largest commodity houses within the precious metals sector. Following his appointment, David’s son Jake Webster was introduced to the precious metals sector.

2013

2015

Following the success of their commodity supply chain management business for The Gunvor Group, David and Jake set up a profitable alluvial mining operation in Kankan, a city in the North East of the Republic of Guinea, West Africa. During this time, both David & Jake became widely respected by central government and local communities for their commitment to Guinea during and after the Ebola crisis, as other multinational companies suspended their mining operations.

2015

2016

Lusso Tesoro was founded. David and Jake targeted the acquisition of further mining concessions within the Republic of Guinea’s Siguiri Basin region, utilising the family’s extensive experience in the Real Estate and mining sectors. By working with local partners, communities and companies, the Websters gained invaluable experience and established further essential relationships within the country.

2016

2017

Following the establishment of Lusso Tesoro, David and Jake – now back in the UK – founded 79th Luxury Living, a family-owned and managed real estate investment company. The duo also expanded their operational team in the Republic of Guinea to accommodate the company’s unprecedented growth.

During this time, multiple investment securities were launched across both companies, and each business began to work with private investors across the globe in order to fund numerous projects across the real estate and natural resources sectors.

2017

2020

The 79th Group, a parent company for operations across the real estate and natural resources sectors was founded by our board of directors in order to prepare the company and each of its subsidiaries for future expansion.

By the end of the year, The 79th Group and its subsidiaries were working closely with over three hundred private and institutional investors from over 23 different countries. Due to the business’ rapid and unprecedented growth, numerous key directors from areas such as compliance and regulation were appointed to The 79th Group’s board of directors; amongst these appointments were Adriènne Kelbie CBE and Andy Cole CBE.

2020

2021

2021 saw The 79th Group and its subsidiaries undergo unprecedented levels of growth. By the end of the year, the team had expanded by over 50% in a number of key areas including compliance, Human Resources and capital markets, and had received accreditation from recognised organisations such as the United Nations Global Compact, Green Mark and the International Organization for Standardization (ISO).

Due to the company’s expansion into additional markets across the globe (including Canada, Gibraltar and the United States of America) as well as the launch of a record number of projects across the United Kingdom's real estate sector, The 79th Group has became one of the UK’s fastest growing asset management companies, renowned for its expertise operating in distressed market conditions.

Throughout the course of the year, The 79th Group and its subsidiaries launched multiple unregulated and regulated investment securities in order to fund ongoing and future projects. In particular, its natural resources divisional growth meant that the company is now West Africa’s largest natural resource owner and operator by number of resource concessions under ownership.

The continued success of The 79th Group has also captured the attention of a number of awarding bodies, leading to the company and its subsidiaries winning the Best Business Award 2021 at the Best Business Awards and Outstanding Fast-Growth Business at the 2021 Global Business Excellence Awards.

2021