FELS Baku Ltd is a member of the Keppel Group, a Singapore conglomerate with diverse business activities world-wide including shipbuilding, ship-repairing, offshore rig building, property, banking and financial services, insurance, telecommunication, infrastructure development, warehousing, logistics and transportation.

In late 1996, while preparing the foundation for its shipyard joint-venture project, FELS Baku Ltd embarked on two property development projects - City Mansion and Wellington Heights.These property projects were conceived to cater to shortage of quality housing for the expatriate community.

City Mansion is a renovated building of smaller self-contained apartments (service-apartments) designed for short to medium term visitors to Baku.

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Wellington Heights is a new luxury apartment building offering comfort, security and the convenience of continuous power and water supply.