African Union for Housing Finance:

Investment Opportunities in Mauritius

www.investmauritius.com 12th September 2013

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

Overview: Hospitality and Property Industry

GDP (2012)

Construction Industry 6.3%

Real Estate Activities 5.5%

Number of Permits Issued (2012)

Residential 6,081

Non Residential 475

Floor Area Covered (2012, 000 m2 )

Residential 1,037

Non Residential 150.20

Employment (2012)

Construction 53,100

Real Estate Activities 900

Construction & Real

Estate Activities

54,000

FDI (2012, USD $ million)

Real Estate activities 170

Construction 60

Hotels 21

IHSIRS RES

2006New framework

RES/IRS Reviewed

2007New IRS

2002Introduced

2007RES

IHS introduced

2002 2006 2007 2008 2009 2010

Cumulative sales

IRS Sales growthTime

Anahita

Tamarina

Belle Riviere

Matala

Club Med

Villa Valriche

La Balise Marina

Domaine des Alizees

Tamarin Villas

Sunset View in paradise

Grand Baie La Croissette

Long Beach

Ritz Carlton*

Oberoi*

Grand Baie la Croissette

Bagatelle Mall of Mauritius

Sector Evolution and Major Developments

2003 2006 2009 2012

7 717

43

103

234

198212

185

241 250

20

41

93 8769 67

111

150

FDI in Hospitality/Property

FDI in Residential Projects

Foreign Direct Investment in Hospitality & Property Development

Investment Opportunities

Integrated Resort Scheme

Development of high end luxurious villas

Minimum 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 participation

Rooms 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

17

NO OF UNITS SOLD (2012)

RES

IRS

IHS

Investment Opportunities

Leisure/Amusement Parks

3D and interactive animation parks

Film attraction parks

Aquarium and marine parks

Health Tourism

Medical health facilities

Luxurious wellness centres

Spa ayurvedic centres

Green Tourism

Chalet residences,

hiking, trekking, quad

biking, mountaineering

The Mauritius Marina & Waterfronts ProjectA chain of 7 marinas & 3 Waterfronts

Investment Opportunities

Mont Choisy

Caudan

Poste de Flacq

Tamarin

Souillac

Vieux Grand Port

Petite Riviere Noire

Mahebourg Waterfront

Grand Bay Waterfront

Investment Opportunities

Urban regeneration project

Mixed use private and commercial island development

Hotels catering for Asian tourists

New Areas of Development

Agro-industry

ManufacturingFinancial Services ICT

5% PIB

10% PIB

TourismProperty/

Construction

Key Sector Developments

Sugar Industry to Cane Industry

Textile manufacturing industry to a design and fashion industry

Boom in Property Development Industry

ICT/ Outsourcing/Telecommunications / Digital Capacity / Human Resources

Construction: Property Development

Financial Services

Other Investment Opportunities

Agro - Industry

Manufacturing

Financial Services

ICT/BPO

Education

Health Care

Freeport & Logistics

Financial Platform

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

Property/Real Estate Funds

(REIT)Trusts

Investment Holdings

Financing of Housing Projects under VEFA

1601-3.

Vente en l'état futur

d'achèvement

Payment Mechanism

• Off-plan sales where the buyer pays the vendor as construction works progress.

• A self-financing mechanism• Regulated under Mauritian Civil Code (Article 1601)• Protects both the vendor and buyer (GFA)

• At reservation – at most 25% in escrow account• At signature of contract – 25% of amount received • At foundation stage – 35% of amount received• At roof-in-phase – 70% of amount received• At completion – 95% of amount received• At delivery – 100% of amount received

Financial Platform

Capital Raising Venue for global property investors

Internationally Recognised Exchange

Possibility for Dual listings

Political & Social Stability

Proven Jurisdiction of

Substance

Active member of COMESA &

SADC

World Class Regulations

Innovative Investment

Vehicles

Pool of quality, bilingual

Professionals

Competitive business

environment Fiscal Efficiency

Why Mauritius

Thank You