As we step into 2025, I would like to take a moment to express my heartfelt gratitude to every member of the Property Division team for your unwavering dedication, hard work, and commitment to Al Masaood Group. 2024 has brought its own set of exciting challenges and changes within the portfolio, and I am pleased to say that we have surpassed all our targets once again.
Our tenant and client base continues to grow and strengthen, adding further value and security to our portfolio. We have reached the highest level of occupation in our history, with a running void of less than 5% throughout the year. I am confident that we will maintain this impressive record well into 2025.
Looking ahead, 2025 promises to be a year of transformation and growth. One of the biggest challenges we face will be the relocation of our Corporate Headquarters from Najda Street to Al Masaood Tower on Hamdan Street. Work will commence in the first few weeks of January, once we have secured the final local authority approvals, and we expect staff to relocate within 12 to 14 weeks. This move represents a significant step forward, bringing renewed energy, transparency, and collaboration to the Group as we continue to prepare for the future.
Additionally, sustainability remains a core commitment for us, and we are excited to announce that we aim to complete our first solar upgrade within the portfolio by June 2025. We have already made substantial progress in reducing our environmental impact, with energy-efficient upgrades to systems, lighting, and water conservation practices across the portfolio. This is just the beginning of our efforts to ensure a greener and more sustainable future. We are also excited about the upcoming off-plan developments that will support the ever-growing businesses within our portfolio. The future is bright, and we are confident that we will continue to thrive both as individuals and as a team.
Once again, I would like to thank you all for your outstanding efforts throughout 2024. Your contributions are integral to our success, and I look forward to what we will achieve together in 2025.
Wishing you and your families a prosperous and joyful New Year.