Real estate development, management and operation have grown into an important driver of growth for our group. The segment contributed a healthy Rs 896 million to PAT this year. More than a mere revenue centre, the real estate segment of our businesses enables our group to have a direct and lasting positive impact on our natural, social and economic stakeholders. We are fully aware of the privilege, and of the responsibilities that come with it, as we go about creating integrated places to live, work and play.
• The development of Moka has gathered momentum; one can now get a better idea of what the smart city is going to look like in another ten years’ time. Current and upcoming road infrastructure development, as well as the prospect of being connected by the metro network, promises to further accelerate growth by making the smart city significantly more accessible.
• We are currently opening a boulevard that will link the heart of Moka to its iconic mountains. We are inviting nature into town. And all the while, we are growing the smart city outwards, away from Helvétia, its core, towards Telfair in the south and L’Avenir in the north. We are also strengthening Moka’s offering as a business centre: Les Fascines just expanded our office portfolio by 9,000m² and Telfair will boast new 20,400m² LEED-certified mixed-use buildings by December 2023.
• Savannah Connected Countryside, on the other hand, is positioned as a connected village. It will offer residents the possibility to adopt a more laid-back lifestyle, reminiscent of yesteryear while very much anchored in the modernity of today. The smart village is master planned over 365 arpents to
be developed over the next ten years. We have already started giving shape to its very first district, Gros Bois, which now houses more than a hundred residences, an international school and communal facilities. The initial response of the market to Savannah has been very encouraging.
• Bel Ombre is also getting our focused attention. We have grown the region into a serene and chic destination, with several premium beach resorts and an acclaimed golf course set against a unique backdrop of hilly landscapes rich in endemic biodiversity. The ambition, here, is to build on the unique natural assets of the area to develop Bel Ombre into a reference for sustainable and tropical art de vivre.