Mau­ri­tius re­tains its at­trac­tion

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apart­ments in 2Tribes de­vel­op­ments are able to join a rental pool which mar­kets their units to the grow­ing tourism mar­ket vis­it­ing Mau­ri­tius, with rental in­come gen­er­at­ing promis­ing re­turns on in­vest­ment be­tween 4% and 7%.

As­so­ci­ated with 2Tribes as exclusive agents from the out­set, Pam Gold­ing Prop­er­ties has suc­cess­fully sold these three de­vel­op­ments. At Cape Bay, with cafe, lap pool and concierge and within walk­ing dis­tance of the beach, 42 of the to­tal of 49 modern, lux­ury apart­ments have been sold at a to­tal value of R205m and handed over to pur­chasers, while at La Res­i­dence, an exclusive re­sort com­pris­ing only 26 sim­plexes and du­plexes in a lush gar­den set­ting also a stroll from the beach, 20 units have been sold for R100m. At the third de­vel­op­ment, El­e­ment Bay Beach, 16 of the to­tal of 19 high-end apart­ments have been sold for R96m. With a gym, swim­ming pool, water sports equip­ment and concierge, this de­vel­op­ment is di­rectly op­po­site the beach. Con­struc­tion is un­der way and should be com­pleted within the next 12 months.

Says De La­maziere: “Fol­low­ing the strong de­mand for these de­vel­op­ments an ex­ten­sion of Ele- ment Bay Re­sort has been launched with 30 two-and three­bed­room, sim­plex and du­plex units all en­joy­ing the same ameni­ties as El­e­ment Bay Beach, and priced from R2,8m. Ideal for fam­ily hol­i­days, get­aways or for those seek­ing a com­fort­able re­tire­ment, El­e­ment Bay Re­sort is lo­cated a few min­utes from Grand Baie, known as the St Tropez of Mau­ri­tius. This de­vel­op­ment of­fers own­ers ac­cess to a wide va­ri­ety of at­trac­tions, which in ad­di­tion to some of the best beaches in the world in­clude vi­brant restau­rants, sought af­ter shops and state-ofthe-art sports fa­cil­i­ties.”

Pro­vid­ing easy ac­cess to a pic­turesque beach, El­e­ment Bay cap­tures the essence of lux­ury, is­land­style liv­ing in a re­sort environment. While the apart­ments over­look the re­sort’s swim­ming pool, res­i­dents can also ben­e­fit from the wide ar­ray of water sports fa­cil­i­ties pro­vided by the nearby Coin de Mire Ho­tel. Each apart­ment has a park­ing bay, as well as a pri­vate ter­race or bal­cony while ground floor units have pri­vate ter­races ex­tend­ing into the trop­i­cal, land­scaped gar­den. In a con­tem­po­rary de­sign and with su­pe­rior fin­ishes, fur­ni­ture pack­ages are also avail­able on re­quest.

De La­maziere says that the on­go­ing re­silience and strength of the Mau­ri­tian econ­omy is ev­i­dent “not only in the real es­tate in­dus­try, with many res­i­den­tial de­vel­op­ments cater­ing for lo­cal buy­ers cur­rently un­der way, but also in the re­tail sec­tor. Mau­ri­tius’s first su­per mall, Ba­gatelle, Mall of Mau­ri­tius, opened at the end of last month, com­pris­ing in ex­cess of 40 000m². De­vel­oped in a joint ven­ture be­tween Mau­ri­tius’s ENL Group and South African de­vel­oper, At­ter­bury Prop­erty De­vel­op­ers, the mall’s an­chor tenants in­clude Pick n Pay and Wool­worths, while the main ar­chi­tect is Gaut­eng-based Boogert­man & Part­ners. Pick n Pay has also com­mit­ted to two new re­gional shop­ping cen­tres — on the west coast and in the Grand Baie area — which are be­ing de­vel­oped in con­junc­tion with the South African com­pany, Re­tail Africa.” Con­tact: Pam Gold­ing Prop­er­ties Fabrice Orengo de La­maziere 082 492 9756 Of­fice 021 762 2617

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