Mau­ri­tian com­plex has new part­ner

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IN­VEST­MENT Vil­las Val­riche in Mau­ri­tius has a new sec­ond in­vestor.

ENL group CEO Hector Espi­tal­ier-Noël con­firmed that its sub­sidiary Sa­van­nah Sugar Es­tates Co Ltd. has pur­chased the 40% share­hold­ing pre­vi­ously held in the scheme by code­vel­op­ment con­sor­tium Se­condlifestyle In­vest­ments Ltd, for an undis­closed sum. As such, the ENL group joins the devel­op­ment’s ex­ist­ing lo­cal part­ner Rogers and Co Ltd, one of the largest quoted com­pa­nies in Mau­ri­tius, to as­sume to­tal own­er­ship of this lux­ury res­i­den­tial golf and beach re­sort lo­cated in Bel Om­bre, on the stun­ning south­west coast.

“This trans­ac­tion demon­strates our com­plete con­fi­dence in this world-class devel­op­ment,” says Espi­tal­ier-Noël. “Our fam­ily has had an ac­tive in­ter­est in the land on which Vil­las Val­riche is sit­u­ated for many decades, so the project is very close to our hearts and this move sim­ply con­firms our con­tin­u­ing long-term com­mit­ment to de­liv­er­ing our shared vi­sion for this spec­tac­u­lar part of the is­land.”

In­ter­na­tional de­vel­op­ers Se­condlifestyle were brought into the Vil­las Val­riche project at its in­cep­tion to add their sig­nif­i­cant ex­per­tise in de­vel­op­ing lux­ury res­i­den­tial es­tates, no­tably those built on and around golf cour­ses in neigh­bour­ing SA.

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