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ENL Property has made notable strides in Mauritius' real estate sector for the fiscal year ending June 2024, demonstrating resilience and growth in smart city development, office spaces, and retail malls. Here’s a snapshot of ENL’s top property highlights.
Moka City: A thriving Smart City vision
Moka City continues to lead as a smart city destination, driven by new infrastructure and green initiatives. Major public projects like the Verdun interchange and connections to Tribeca Mall have enhanced accessibility, making Moka a sought-after investment area. The Telfair and L’Avenir precincts have seen high demand, with Telfair’s apartments and plots in L’Avenir nearly sold out. Environmental efforts are in full swing, with Moka gaining the "Tree City of the World" certification, planting 10,000 endemic trees, and establishing IoT systems for waste and weather management. These advancements add to Moka’s appeal for eco-conscious buyers and investors.
Savannah: Nature-driven living
Savannah stands out as a unique residential region, offering peaceful countryside living and popular developments like Les Jardins and Les Sentiers Phase 1, which sold out quickly. Community engagement at La Place du Village with events like Savann’adventure further enriches the lifestyle, while the opening of Savannah International Primary School marks a new chapter for family-friendly living.
High-performing offices by Oficea
ENL’s office portfolio, managed by Oficea, achieved strong results, with an impressive 95% occupancy rate and a tenant-focused “workspitality” approach. Key amenities at Telfair La Promenade, including community events, gym facilities, and concierge services, are enhancing the tenant experience. Telfair’s new 20,000m² space welcomed tenants in June, achieving 85% committed occupancy and cementing Moka’s status as a prime office location.
Ascencia Malls: Growth in retail spaces
Ascencia, ENL’s retail fund, reported solid mall performances driven by rental adjustments aligned with inflation and the completion of new developments. Amidst economic challenges, these malls maintained robust customer engagement, reflecting Ascencia’s resilience and ability to attract foot traffic in a competitive retail market.
Looking forward to 2025
With demand growing for properties and office spaces in Mauritius, ENL plans to expand into regional markets while addressing challenges like high construction costs and permit delays. New residential launches are set for Helvétia and Telfair, and sustainable projects are underway in Bel Ombre, including a smart village development.
ENL Property’s achievements this year highlight its commitment to strategic growth, innovation, and sustainable practices. By adapting to market demands and enhancing Mauritius’ real estate landscape, ENL remains poised for continued success in 2025.
