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Psychology, property
and passion
He has worked in a mental hospital
in the US, returned to Malta, set up Dhalia Real Estate and
has now become the Napoleon of Sunday Trading. Kevin
Drake takes a look at the man who did it all, well,
nearly, all Chris Grech
Chris. If youd be so kind, some background information
please.
Well, Im 44. I was born on April Fools day 1957.
After attending school at St Aloysius I went to university at
San Antonio in Texas and obtained a Masters degree in Psychology.
After I graduated I worked in a mental hospital for autistic
and schizophrenic children, providing hands-on psychotherapy
and treatment. Up until that point I was never involved in business
in any way. I had a lot of energy as a child and was very much
into sports. Growing up, I decided that I wanted to travel and
to get around; to see the world. My father (Grech Alexander)
was in the property business; something I had no interest in
whatsoever.
(Quizzical raised eyebrow) Er, there must have been some turning
point in that regard though?
When I was still in the States (I was about 25 years old) I
learnt that my mother developed a serious medical problem in
her eye. I was worried and so I hopped onto the first plane
out of the States and came over right away. This was a transitional
period for me. I wasnt sure at the time, whether I wanted
to continue working and studying in the US, or whether I wanted
to come back home. I had already been in America for five years.
Once I was back in Malta my brother managed to convince me to
stay and open a real-estate business with him. This was 1982/83.
The economy was far from healthy then and tension was really
running rife in the country. It was certainly not the best time
to open a real-estate business. But I needed an excuse, a justification
for me to stay here, and this happened to be it.
Didnt you consider continuing to practice as a psychologist
in Malta?
(Smiles) Yes and no. In the early 1980s clinical psychology
was still very much a fledgling science. I doubt if psychologists,
as such, were even acknowledged as professional therapists over
here. It felt very awkward and silly for me to present myself
at the mental hospital, offering my services, when those services
were, at best, frowned upon. I think I would have felt like
a proper fool. The choices I had before me, therefore, were:
either returning to America and continuing to work in the field
of psychology, or else remaining in Malta and finding something
to do.
I suppose that the property business was chosen by default?
It was my brothers doing, really. He pushed me into it.
My father wasnt even running his business at the time.
He had decided to retire and had leased the business out to
third parties. We had no existing business to turn to so my
brother and I had to start from scratch. We hadnt any
funds at our disposal so we were obliged to take a Lm6,000 loan
from Lombard Bank. Thankfully we found a landlord who was immensely
understanding and reasonable and who agreed to receive his rent
in arrears! (smiles).
Was it hard going?
Funnily enough, one of the first decisions we had taken 18/19
years ago was to work seven days a week. We felt that we had
to do whatever needed to be done to get the business rolling,
and working seven days was just one of the. Ironically, Im
now looked upon as the champion, the Napoleon, of
the Sunday trading issue. But for me, it wasnt even really
an issue! Working seven days had become purely second nature
to me and, to be honest, I couldnt see myself working
any other way. As it happens, almost all of the other estate
agencies followed in our footsteps as well, and began to operate
seven days a week. Having never worked in the retail industry
myself, however, I never imagined that the Sunday trading issue
would become such a big deal!
The 1980s being what they were; was it any tougher to get by?
To be truthful, the 1980s were very easy for us. We were lucky
and there was very little competition. We werent businessmen.
Life taught us how to be businessmen. Life also taught us how
to respect each other, how to build up a team together, how
we desperately needed each other to grow. I brought in old school-friends
to work with us, most of whom are still working with us till
this day. They left their jobs and came to work with Dhalia.
Where did you start operating from?
A small office in Testaferrata Street. It didnt take us
long to grow and expand though. In the early to mid-1980s it
wasnt hard to provide a service because competitors were
very few. Marvellous old houses could still be bought for four,
five, six thousand liri; and we were on the threshold of a property
revival, especially with regards to old houses and farmhouses,
for example.
What set Dhalia apart?
The significant industry turning point came about in 1987, where
there was an explosion in the property market. Until 1987 though,
there was a conspicuous void in the market that no-one was addressing.
We seemed to have discovered this niche and exploited it.
What was this niche?
Personal attention perhaps? We were just a bunch of young kids,
in our twenties, with a great deal of energy, prepared to work
seven days a week, prepared to work our butts off. We were the
ones who were ready and willing to show you and your girlfriend
around on a Sunday if necessary, spending the day with you,
making friends and not complaining. We were building relationships
as well as conducting business.
Is it important to have a particular frame of mind, then?
Yes. And not just a frame of mind. You need to create an environment
where you have credibility with your colleagues and your customers
alike. If you focus on building relationships and fostering
credibility, your business will thrive and you will enjoy yourself.
When you enjoying doing what you do: success is just around
the corner.
How many outlets does Dhalia operate at present?
About a dozen, I believe.
Thats not bad at all is it?
No, I suppose its not bad for a real estate business.
Weve expanded operations too in the meantime, going into
property development, property investment. We reached out into
a good number of subsidiary areas.
Dont you think that weve reached saturation point
in the property market?
I dont think that you can ever reach saturation point.
What will happen is that the market will level out. Our land
is finite so what we need, most of all, is to re-build and re-develop
existing properties. I feel that most of the available land
is not being put to good use. As time passes, the demand for
land-use will change. The way that land is utilised will change.
That means that there will always be reconstruction, re-development,
change of use. To do that feasibly, one will need to bring existing
buildings down and re-develop.
Do you think that well be going vertical
soon?
I dont think that I have the answer to that. At any rate,
I hope that that doesnt happen! If we do go vertical
in an exaggerated manner I feel that we will risk losing many
of our cultural characteristics. Not having any natural mountains,
Id hate to see artificial ones being built
all over the place. I think that we do need to raise buildings
slightly higher (in order to save space), but within limits.
Definitely not in the way that things are done in Hong Kong,
for example. In Hong Kong they drop 60-storey skyscrapers to
build 90-storey ones! And its economically feasible for
them to do so. So its definitely feasible, economically
and otherwise, for us to knock down four storey buildings in
Malta, and raise six- or eight-storey ones.
For someone who is a key-
player in the property business, you seem to have a strong eco-
and cultural-consciousness that isnt always synonymous
with people in your line of work.
It is essential to be conscious about these things. One goes
hand in hand with the other. As Maltese, our greatest treasure
is our heritage. Our most important and prized possessions are
our land, our stone, our beautiful alleys,
the old stone walls, the village pjazzas, the farmhouses and
the churches.
(Smiling) And to think that many people equate all property
developers with monstrosities and an undying love for the Bulldozer!
(Laughs) Of course not! Thats just common prejudice. Its
true that many people might feel that way, but its important
to distinguish between certain property developers and others.
There are property developers who are immensely sensitive with
regards to the repercussions and the long-lasting effects of
that which they create. If I create a monster I
have to remind myself that that monstrosity will be around,
and stick out like a sore thumb, for a long, long time. When
I build something, I need to be conscious of the ecological
impact that that building will have. Will there be any long-term
damage to the eco-system? To the water-bed, to the drainage
system, to the environment?
So accountability is very important?
Extremely. Unfortunately, there is little or no accountability
whatsoever in this area. I am very much in favour of stricter
and more stringent controls, be it for the drainage system,
the water supply, electricity, wheelchair access, traffic-impact
assessment and so on. I feel that Ive been extremely sensitive
to all these areas in whatever Ive been involved in. You
cant make compromises when it comes to such important
things. You need to make the necessary investments in order
to conform to all these important rules and regulations. There
is
a price to pay, of course. But it is necessary.
Do you pay a lot of attention to detail?
I try to, as much as possible. But like with most things in
life, you do have to make a few compromises where necessary
(and where possible) if you want to move on.
From the property business to Bay Street. A logical transition?
Its another challenge. Life is all about challenges and
discovering things that make living worthwhile. I dont
want to look back at my life and see Property as
being the only thing Ive done. I like to do other things,
I like to keep on creating new things. With Bay Street we came
up with a leisure and entertainment concept that, in its own
way, seems to be slowly changing part of the local culture too.
Well, the Sunday trading issue (kicked-off by Bay Street) certainly
kicked up a fuss!
As I mentioned earlier, I dont even feel that it is an
issue! It was precisely because of this reason that I began
to feel so strongly about it and support the issue so wholeheartedly!
The Sunday Trading dispute was built completely
out of proportion. They seemed to imply that this was the biggest
problem that the country was facing! These people (opposing
Sunday trading) are putting all their energies into the wrong
areas. There are so many far more important issues to worry
about! The environment, the eco-nomy, the political issues and
all the other controversies. I feel that when you patronise
the people and make a moral issue out of this, youre stooping
pretty low. Its very sad when you point your finger at
a Maltese family and say that theyre acting immorally
because they frequented an establishment that opens on a Sunday.
So whats happened to this issue now? Has it fizzled out?
No it hasnt. At Bay Street we dont have any problems,
as such, because, as a tourist complex, we are permitted by
Law to open as we do. The problem is with the law itself. Its
a law passed in 1955 and needs some serious re-working! Its
50 years old for Gods sake! Peoples demands and
needs have changed so lets change the law. Thats
all there is to it, end of story! The hypocrisy of it all is
that we are now confron-ted with the Sunday open markets phenomenon.
Many markets with hundreds of stalls, selling everything under
the sun. Isnt that Sunday trading? What makes matters
worse is that a number of these people dont pay VAT, and,
as if that wasnt enough, they also have the authorities
protecting them! (Laughs) Theres something seriously wrong
here!
Did you manage to rally enough public support for the Sunday
Trading issue?
Yes. Definitely. There was (and is) tremendous support from
all sorts of people, coming from all walks of life. Its
very encouraging.
Back to you and your endeavours. Theres the property,
theres Bay Street and now, the newest project: PLC. Whats
that all about?
Its all part of the learning curve (Smiles). Thanks to
Bay Street Ive learnt a great deal about the Leisure and
entertainment industries. Ive also realised that there
are very many other areas of learning in business. PLC (Property
Letting Company) is definitely the future for the commercial
sector here in Malta. Its not a new idea. The concept
has worked very successfully all over the world, especially
in the US and in Europe. The demand by large organisations and
companies today is such that they are not interested in buying
premises to house their hundreds and thousands of employees.
They want to invest their money in the growth of their employees,
in human resources, in technology and in their IT.
The concept behind PLC is quite forward-looking isnt
it?
I believe that PLC will not grow quickly. It wont have
a growth spurt in a short period of time. At least I hope not.
Im predicting a consistent, constant kind of growth. I
definitely dont expect us to go through the roof in a
year! I also think that well see other companies coming
up with the same or similar concepts. I hope that well
see that. I dont want us to become a monopoly. Monopolies
make you complacent, they dont present you with any challenges.
I hope that others will compete with us, I sincerely do.
You like challenges, dont you?
Yes. Challenges are important for our personal growth. Its
incredibly important that we commit ourselves to forever improving.
Every day we need to make some sort of contribution to learning,
to growing, to our learning curve.
Are you a perfectionist?
(Laughs) Id like to become one.
Your standards, however, seem to be very high. Do you impose
these standards mostly on yourself or on others?
On myself mostly. Im never happy with myself. Theres
always room for improvement.
Do you change goals, your targets?
Oh, Yes. Definitely. As Ive just said, Im never
happy with myself. I change my mind and my goals all the time.
That doesnt mean that I dont do what I promise to
do. If I make a commitment I will honour my commitment at all
costs. I might just find a different way of getting the same
result. I find myself change direction all the time.
How do you see yourself In 20 years time? Will you be
retired?
Retired? No. I dont think so. You only retire when you
die. Id like to retire when I die (smiles). In 20 years
time, I dont know, I see myself doing something different,
something new.
Up until a short while ago nobody knew who you were. Suddenly
you have this very high public profile. Are you comfortable
with that? Do you actively seek the attention?
I know that my public profile is much higher nowadays. I dont
like it. And that sort of attention has hurt me quite a bit
too.
Hurt you?
Yes. Well, I dont like to plug myself. I myself am not
responsible for the success around me.
Er. Can you explain that?
Im responsible for driving people forward, thats
about it. Looking back and looking at successes that Ive
been associated with (Dhalia, Bay Street and others) it really
all comes down to teams and
teamwork.
So do you see yourself as the captain or as a team-player?
Everything is team-play. Its all down to the team. Its
all down to heart, to caring. What matters most
is having a team of people where there is respect all around,
where there is loyalty, where people care for what they are
doing, where theyre excited about life, where they love
life, where people want to do more and keep on improving, thats
what matters.
Are you a good motivator?
Yes. I am a very positive person and I can motivate others.
All around me I see people who are capable of doing things I
cannot do. I see people achieving results I cannot achieve myself.
So Im the motivator, Im the leader. Fine! I can
stand up in front. That doesnt mean, however, that being
the Captain is the all-important thing. All the people around
you are just as important if not more important than you. A
number of articles that appeared in the past and that focused
on me, tended to make me feel uncomfortable. I am not the be-all
and the end-all. (Smiles) Even as far as this article goes,
I dont want to give the impression that Chris is
a humble person. He gives credit to colleagues. What a great
guy he is. No. I dont want that! (Smiles again)
Its not false modesty, its just the truth. I do
have my own qualities, of course I do. I do have vision, I do
have my gifts. But its not enough. What is the point of
having success if you have no appreciation for all the people
around you. Whats the point of being successful if you
are aggressive, if you dont enjoy what youre doing?
Are you very conscious of your public profile?
I dont think that the public knows who I really am. We
are all equal and we are all equally important. Everyone should
be treated in the same manner. I dont believe in titles
either, be they Mr, Mrs, Prof., Dr. Whatever. My card here (ID
tag) says Bay Street Team Chris. Thats
all. On the Opening night of Bay Street we had a problem with
the cleaners and so I found myself having to clean out the toilets.
And thats OK. Why not? If necessary l will go on doing
cleaning the toilets for as long as I have to. All things must
be approached in that way. We need to focus our energies on
positive issues. We need to remove our energies away from jealousy,
away from concern about what others are doing. Many times you
will find that that is the cause for failure: Jealousy and not
wishing well for others.
How do you define success?
For me theres no such thing as success in business. Theres
either personal success or personal failure. Theres something
that comes before, theres something thats more important
than your professional life: Thats your commitment to
yourself in life. If you achieve financial success but you are
a personal failure then you are a failure. Ultimately
we only get once chance at life and we need to make it as happy
a life as possible.
Have you attained personal
success?
Im getting there. I havent arrived yet. (Smile)
What does success give you?
Happiness. Its getting up morning, breathing fresh air
and being happy. Its going to work happy. Its being
happy that you have contributed to your community, that you
are doing what you think is right and its also about being
content with yourself.
Are you a workaholic?
Yes. Its not a rule that Id apply for everyone but
it certainly applies for me. I want to work, I need to work,
so let me work! (smiles)
Whats the best advice you could give to someone?
Follow your heart. Dont let anyone stop you from trying
to achieve. Try something, anything. See what it takes to succeed,
find out! Make as many mistakes as you possibly can. That means
youre doing something. But dont make the same mistake
twice. Learn from your mistakes and move on. If you lose, then
dont lose the lesson.
What is the proverbial Secret of success?
Thats a very relative question. The recipe
for success for me is: Enthusiasm, passion. A strong belief
in what youre doing. Not an obsession, mind you. Thats
wrong. Obsession involves blindness. If you have
a passion, a love and a firm commitment and enthusiasm for what
youre doing (smiles) then youre there! No one can
stop you. If you apply passion and commitment to what you do,
no matter how much pressure youre under, no-one and nothing
will ever be able to stop you.



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