Artist’s impression of Kinoo Square in Mauritius.

Mauritian property remains a great investment choice, says Adrian Goslett, chief executive of RE/MAX of Southern Africa.

“Part of the SADC region, Mauritius boasts a strong and diversified economy that offers a number of fiscal benefits, including a flat corporate and personal tax rate of 15 percent, the absence of inheritance and capital gains tax, no foreign exchange controls, trade barriers or quotas, and no restrictions on capital repatriation.

“Mauritius is also a politically and economically stable country, with a strong financial and off-shore sector, modern and reliable IT and telecommunications infrastructure, and a comprehensive legal framework, which makes it ideal for long-term investment.”

Recently, RE/MAX Properties in Mauritius was given the mandate to sell commercial and retail space in Kinoo Square, a commercial development in the island’s capital city of Port Louis.

Daniel Poupinel and Dominique Le Clezio of RE/MAX Properties in Mauritius say Kinoo Square is opposite La Gare du Nord – on the corner of Farquare and Joseph Riviere Streets in Port Louis.

“Situated opposite the La Gare du Nord Bus Station, the locale links the northern areas to the capital city. The site is within the protected area of the Aapavasi Ghat World Heritage Trust Fund and is relatively close to China Town, the Central Market and the Caudan Waterfront.

“Kinoo Square consists of secure shopping units with modern amenities in a convenient and well positioned area. The centre has 82 commercial and retail sectional title units sized from 11m² to 71m², which can be sold as separate or multiple modules.”

Prices start at MUR 3-million, and depend on the size and position of the units.

“The developer is a well respected Mauritian businessman who has completed and sold the first phases of this development. All 21 units in phase one have been sold and phase two seems to be quickly following suit. Out of the 82 units in phase two, 25 percent were already sold by December. The developer, who is also involved in the textile trade, has kept one of the units as a retail outlet and his head office for the textile arm of his business,” say Poupinel and Le Clezio.

“Generally, investors so far have mainly been individuals such as book dealers, textile businesses, fashion and shoe retailers, jewellery and accessory outlets, sport equipment retailers, and so on. The development also has a cross-section of lifestyle businesses that include beauty salons and spas, pharmacies, art galleries, jewellers, restaurants and libraries. A food court with an adjoining seating area has also been included in the design.”

Kinoo Square is due to be completed and ready for occupation in August 2012. The development has GFA status (Guarantie de future achevement), which offers investors peace of mind that Kinoo Square will be completed to specifications on time, say Poupinel and Le Clezio.

“All the permits have been approved and the work is underway according to the stipulated schedules to ensure that the project meets its deadlines.”

Call 00 230 433 5026 or visit www.remaxmru.com.