Posted on 19 Oct 2022
Compagnie Immobiliere Ltee - Expansion plan to grow the company's property portfolio (1)
As disclosed in the cautionary announcement released on 17 March 2022, Compagnie Immobilière Limitée ("CIL") is seeking to grow and expand its property portfolio.
CIL now intends to acquire further yielding assets through the purchase of the entire issued share capital of Multi Channel Retail Limited (“MCR”) from Currimjee Real Estate Ltd (“CRE”), for a total consideration of MUR 712,780,355.83 (“Purchase Consideration”) (“the “Transaction”).
As part of the Transaction, CIL will add to its current portfolio: commercial Mixed-Use Properties in Curepipe and Phoenix, an Office Building in Ebène Cybercity, plots of Bare Land in Trianon, a Technical Building in Rose-Hill, as well as a Data Centre in Arsenal for a combined GLA of around 22,000 square metres.
Download the cautionary announcement released on 19 October 2022
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