MCBCM

Launch of Le Domaine de Grand-Baie

06 Oct 2022

In October 2018, MCB Capital Markets announced that it had advised a consortium of investors on the structuring and capital raising for the construction of Le Domaine de Grand-Baie, the first senior serviced residence managed by an internationally recognized operator in the north of Mauritius. Le Domaine de Grand-Baie was officially launched on 29 September 2022.

Rony Lam, Chief Executive Officer of MCB Capital Markets, commented: “We are delighted to finally see the launch of the residence after a period of delay due to Covid-19. It took our team’s financial structuring creativity combined with our partners’ expertise in managing senior residences and property development to bring this unique project to fruition. At a time when the local property sector is growing fast and going through an internationalization phase, the capital structure of the Domaine de Grand Baie offers an innovative financing solution to both developers and investors.”
 
In the picture, from left to right: Anish Goorah (Senior Vice President, MCB Capital Markets), Rony Lam (CEO, MCB Capital Markets), Her Excellency Florence Caussé-Tissier (Ambassador of the Republic of France to Mauritius), The Honorable Louis Steven Obeegadoo (Deputy Prime Minister, Minister of Housing and Land Use Planning, Minister of Tourism), Frédéric Walther (Directeur Général, AEGIDE-Domitys), Valérie Floury (Directrice, Le Domaine de Grand-Baie), Junaid Salehmohamed (Managing Director, 2Futures), Sarwar Joonas (Co-Founder and Director, 2Futures).

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