Incorporated on February 17, 1989, Caudan Development Limited has operated as a publicly listed company on the Official Market of the Stock Exchange of Mauritius since July 2002. It functions as a subsidiary of Promotion and Development Limited, which holds a controlling interest of 62.90% in the company.
Caudan Development Limited specializes in property development and investment, with a primary focus on the renowned Caudan Waterfront in Port Louis, Mauritius. This waterfront development stands as a hallmark of the company’s expertise in creating vibrant commercial and leisure spaces that attract locals and tourists alike. The Caudan Waterfront encompasses a mix of retail outlets, restaurants,
entertainment venues, and office spaces, contributing significantly to Port Louis’ economic and cultural landscape.
In addition to its flagship waterfront project, Caudan Development also plays a pivotal role in the industrial property sector. The company leases out industrial buildings located in strategic areas such as Pailles and Riche Terre, providing essential infrastructure to support local businesses and industries.
Beyond property development, Caudan Development extends its operations into the security services sector through a subsidiary. This division engages in the sale of alarm equipment and offers comprehensive security and property protection services. This diversification allows the company to leverage its operational capabilities and capitalize on opportunities in related industries.
As of June 30, 2016, Caudan Development Limited’s Investment Property portfolio was valued at MUR 3.7 billion, reflecting the substantial asset base and strategic investments maintained by the company. This valuation underscores Caudan’s commitment to enhancing shareholder value through prudent management of its property assets and strategic expansions into complementary business sectors.
With its strong market presence, strategic investments, and commitment to quality and innovation, Caudan Development Limited continues to play a pivotal role in shaping Mauritius’ real estate and commercial landscape. By focusing on sustainable growth strategies and maintaining high standards of corporate governance, the company remains well-positioned to capitalize on emerging opportunities and uphold its reputation as a leading player in the Mauritian property development and investment sector.
