October 2022
This month, Ian Lawrence has been looking at the industrial real estate market in Mauritius- specifically in the Old Port region on the south east of the island.
Mauritius is a small, but densely populated island state in the Indian Ocean. It is known to most as a tourism destination, but has a history in manufacturing (textiles) and is developing as a regional logistics hub.
Industrial activity on the Island is focused in key strategic areas, emanating from the port and extending east of the capital Port Louis along the urban corridor. These are the areas where the majority of purpose- built warehousing and logistics are found
The areas north of the port, such as the Riche Terre region, are a current focal point of development, whereas the areas south of the Port such as the Pailles/Plaine Lauzun regions and the capital also play a significant role. The Riche Terre region has been relatively active with a few developments recently completed. Older light industrial infrastructure primarily left vacant by textile operations is spread across the island and is of variable quality. There are 11 sugar factory complexes spread rurally across the island.
About 45% of the population of some 1.2 million is concentrated on the central plateau and people commute both from rural regions to the centre as well as to regions of activity such as industrial and commercial clusters.
For more information on the real estate market in Mauritius, please contact us here.