CIEL Properties

MUR 1.8bn

ASSETS UNDER MANAGEMENT

73,000 m²

OF BUILDINGS

80

EMPLOYEES

CLUSTER REVENUE

MUR 133M

2021: MUR 103M

EBITDA

MUR 65M

2021: MUR 2M

PROFIT AFTER TAX

MUR 137M

2021: MUR 913M

MARKET DYNAMICS
AND OUTLOOK

Guillaume Dalais

Chief Executive Officer of CIEL Properties discusses the strategy of this newly created cluster.

PERFORMANCE & STRATEGY

Progress Report for FY22	Priorities for FY23
The creation of Evolis Properties Ltd, a new property investment vehicle, focusing on yielding CIEL Textile non-core assets and CIEL Properties assets, was created during the year. Resulting in the creation of a new portfolio of 73,000 m2 with an asset value of approximately MUR 1.3 bn, which is managed by a dedicated and professional team	Launch of Nouvelle Usine, a 14,000 sqm building rehabilitation offering for a new working lifestyle in Floreal Regeneration of the ex-Consolidated Fabrics Ltd building into a 25,000 m2 light industrial and warehousing hub to be launched in Q1 of 2023 Expecting 86% of occupancy on its portfolio of approx. 73,000 sqm

Progress Report for FY22	Priorities for FY23
Ferney Development Ltd received its Smart City Certificate in May 2022 and completed its masterplan exercise Ferney Ltd as a lead investor in Katapult Mauritius Accelerator, hosted the program in Ferney. Thus, consolidating its strategic objective to develop the sustainable farming segment Ferney Nature Lodge gained momentum since opening of the borders in Q2 2022, achieving higher than expected occupancies. Resulting in positioning Ferney as an eco-tourism destination	The launch of Ferney Development project, including the launch of the sales and infrastructure The construction launch of La Pirogue Residences The acceleration of Ferney Eco-Tourism and Sustainable Farming Strategies

Progress Report for FY22

Priorities for FY23

Ferney Development Ltd received its Smart City Certificate in May 2022 and completed its masterplan exercise
Ferney Ltd as a lead investor in Katapult Mauritius Accelerator, hosted the program in Ferney. Thus, consolidating its strategic objective to develop the sustainable farming segment
Ferney Nature Lodge gained momentum since opening of the borders in Q2 2022, achieving higher than expected occupancies. Resulting in positioning Ferney as an eco-tourism destination

The launch of Ferney Development project, including the launch of the sales and infrastructure
The construction launch of La Pirogue Residences
The acceleration of Ferney Eco-Tourism and Sustainable Farming Strategies

Progress Report for FY22	Priorities for FY23
CIEL Properties Development Ltd, in partnership with 2Futures Ltd, launched the sales of La Pirogue Residences	Continue sales of La Pirogue Residences Work with other clusters in the Group on new development projects

ESG COMMITMENTS

‘La Nouvelle Usine’ building regeneration project, including an up-cycling project in partnership with ‘La Decheteque’ and ‘The Good Shop’.

La Vallée de Ferney Conservation Trust forest restoration program, including the expansion of its endemic and critical species nursery, and 1,200 endemic trees planted.

IDENTIFIED RISKS AND MITIGATION

STRATEGIC

• Ferney Development Ltd project launch and sales realisation

FINANCIAL

• Pre-development costs incurred for Ferney Development Ltd

OPERATIONAL

• Increasing construction and operational costs

COMPLIANCE – HEALTH & SAFETY

• Compliance to AML (Anti- Money Laundering) / CFT (Countering the Financing of Terrorism) Regulations CFT (Countering the Financing of Terrorism) regulations