african union for housing finance conference: investment opportunities in mauritius

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African Union for Housing Finance: Investment Opportunities in Mauritius www.investmauritius.com 12 th September 2013

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Investment opportunities in Mauritius – Mr Ken Poonoosamy, MD Board of Investment, Mauritius. With more than 46 cities in Africa swelling to populations of a million people or more — and 17 of the world's 100 fastest-growing cities located in Africa — there is an acute need to develop housing solutions for so many urban residents. But raising the capital to meet that growing demand for housing remains a significant challenge. In 2013, the African Union for Housing Finance (AUHF) will host a conference under the theme "Raising Capital for Housing Finance.” The Africa-China Urban Initiative will organize a conference panel discussion on "Understanding (and harnessing) Chinese investment interest." Chinese investment in residential development in Africa is increasingly having an impact and demonstrating a track record of opportunity and experience. Panelists invited include Chinese investors setting out their experiences and expectations for the market and an African corporation that has received Chinese financing. http://urban-africa-china.angonet.org/content/29th-annual-conference-mobilising-capital-housing-finance

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Page 1: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

African Union for Housing Finance:

Investment Opportunities in Mauritius

www.investmauritius.com 12th September 2013

Page 2: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

AGENDA

Overview of Hospitality and Property Industry in Mauritius

Sector Evolution & Main Developments

Investment Opportunities

Mauritius as a platform for Real Estate Investments

Why Mauritius

Page 3: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Overview: Hospitality and Property Industry

GDP (2012)

Construction Industry 6.3%

Real Estate Activities 5.5%

Number of Permits Issued (2012)

Residential 6,081Non Residential 475

Floor Area Covered (2012, 000 m2 )

Residential 1,037

Non Residential 150.20

Employment (2012)

Construction 53,100

Real Estate Activities 900Construction & Real Estate Activities

54,000

FDI (2012, USD $ million)

Real Estate activities 170

Construction 59

Page 4: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Sector Evolution and Major Developments

2006-2007 2011-20132009-20102007-2008 2008-2009

Opening up of Economy –Development of new IRS Framework

Development of RES Framework and introduction of RES Scheme

Review of RES/IRS Framework

Introduction of IHS Scheme

Acquisition of apartment by permanent residence permit holders

Acquisition of property by OP holders 2013 (Investor and professionals)

IRS RES IHS Mixed Use

AnahitaTamarina

Belle RiviereMatala

Club MedVilla Valriche

La Balise Marina

Domaine des AlizeesTamarin Villas

Sunset View in paradiseGrand Baie La Croissette

Long Beach Ritz Calton*

Oberoi*

Grand Baie la CroissetteBagatelle Mall of Mauritius

Page 5: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

2003 2006 2009 2012

7 717

43

103

234198 212

185

241 250

2041

93 8769 67

111

150

FDI in Hospitality/Property

FDI in Residential Projects

Foreign Direct Investment in Hospitality & Property Development

Page 6: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Investment Opportunities

Integrated Resort Scheme

Development of high end luxurious villasMinimum investment amount – USD 500, 000

Real Estate Scheme

Development of luxurious villas and apartments No minimum investment amount

Invest Hotel Scheme

Shared ownership through equity participationRooms or other part of the hotel can be sold to individual investors Ownership of hotel rooms or any other part of the hotel with a fractional undivided interest in the common areas

80

169

17NO OF UNITS SOLD (2012)

RES

IRS

IHS

Page 7: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Investment Opportunities

Marina and waterfront developments

Urban regeneration project

Mixed use private and commercial island development

Hotels catering for Asian tourists

New Areas of Development

Page 8: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Financial Platform

Structuring, administration and management of real estate and property investment vehicles for the region

Property/Real Estate Funds Trusts Investment

Holdings

Page 9: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Financial Platform

Capital Raising Venue for global property investors

Internationally Recognised Exchange

Possibility for Dual listings

Page 10: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Political & Social Stability

Proven Jurisdiction of

Substance

Active member of COMESA &

SADC

World Class Regulations

Innovative Investment

Vehicles

Pool of bilingual

Professionals

Eco-System (Stock

Exchange)Fiscal Efficiency Risk Mitigation

Why Mauritius

Page 11: African Union for Housing Finance Conference: Investment Opportunities in Mauritius

Thank You