With its diverse portfolio of properties and a proven track record, Ascencia is a leading real estate investment company in Mauritius.Renowned for delivering strong performance and consistent returns, Ascencia represents a compelling investment opportunity.This article explores the key factors that make Ascencia a noteworthy choice for investors. From establishing strategic partnerships to their dedicated commitment to sustainable development, Ascencia has consistently demonstrated reliability and innovation in the real estate sector."

Ascencia's Position in the Mauritian Retail Property Market

Ascencia, one of the top 10 listed companies on the Stock Exchange of Mauritius, stands as the leading retail property player in Mauritius.

With an impressive portfolio of seven strategically located malls, namely Bagatelle Mall, Phoenix Mall, Riche Terre Mall, Bo'Valon Mall, So'flo, Kendra, and Les Allées, Ascencia is synonymous with creating vibrant shopping and leisure destinations that prioritise accessibility, safety, and convenience for visitors and retailers alike.

Bagatelle Mall, the flagship of Ascencia's portfolio, is more than just a shopping centre; it's a vibrant heart of retail and entertainment in Mauritius. Perfectly positioned in the central Moka and Plaines Wilhems districts, the mall features a prime location with exceptional accessibility, just a 10-minute drive from Port Louis, the capital city of Mauritius, and adjacent to major roadways like the M1 motorway. The mall's strategic importance is enhanced by the recent infrastructure developments on the island, including the SAJ Bridge and the development of Moka Smart City, transforming the area into a connected, sustainable, and vibrant urban hub.

Ascencia's focus on enhancing tenant mix, as seen in the addition of Mobrico, a branch of Bricorama, at Bagatelle Mall, and the ongoing refurbishment of Riche Terre Mall, are key to boosting its overall business performance​​.

Strategic Alliance with Atterbury

The asset manager of Ascencia's malls has partnered with Atterbury, the South African expert, who has been developing and managing recognised commercial, industrial, and residential real estate properties in South Africa, across the rest of the African continent, and in Europe for over 25 years. This partnership allows Ascencia to leverage Atterbury's experience in creating memorable retail spaces, ensuring that our seven malls remain competitive and attractive to both tenants and customers. Together, they can create innovative and sustainable retail spaces that cater to the evolving needs of consumers. By leveraging each other's strengths, Ascencia and Atterbury can set new standards in the industry and drive growth in Mauritius' retail sector.

Benefits of the Atterbury Collaboration

This collaboration with Atterbury brings together Ascencia's local market insight and Atterbury's global expertise in retail property development and management to shape Mauritius' commercial landscape.The result is a dynamic synergy that consistently delivers exceptional retail experiences across Ascencia's network of malls. Ascencia is able to stay ahead of market trends and provide unique shopping experiences for consumers in Mauritius.

Financial Strength and Investment Opportunities

With a market capitalisation of Rs9.2bn as of 31 December 2023, Ascencia not only offers a stable and sustainable investment opportunity but also a platform where knowledge, technology transfer, and innovative retail practices converge, reflecting the group's ambition and its role in shaping Mauritius' commercial landscape. Furthermore, Ascencia's strong financial position allows for strategic investments in new developments and the enhancement of existing properties, ensuring continued growth and success in the retail sector. This commitment to innovation and excellence positions Ascencia as a key player in driving economic prosperity and creating valuable opportunities for investors in Mauritius.

Invest in Ascencia Corporate

Market Capitalisation and Stability

Ascencia's market capitalisation and stability are key indicators of its success and growth potential in the retail sector. With a solid financial foundation and a focus on innovation, Ascencia is well-positioned to attract investors seeking opportunities for long-term growth and stability in Mauritius.

Accessibility to Investors

As a listed company, Ascencia is accessible to a broad spectrum of investors, both locally and globally. This accessibility makes Ascencia a vital player in the growth and diversification of Mauritius's economy.

Performance Highlights of Ascencia

Ascencia has shown both stability and growth in the first semester of the financial year 2024, marked by a 3.5% rise in footfall and a notably low EPRA vacancy rate of 2.7%. These figures underline the company's effective asset management and its attractiveness in the retail market. Additionally, Ascencia's robust financial performance reflects its potential to contribute significantly to Mauritius's economic development.

Investment Appeal and Dividend Payouts of Ascencia

Ascencia's policy of consistent dividend payouts makes it a compelling option for investors seeking a steady income stream. The company's financial health and strategic investments ensure a reliable return on investment, making it an attractive choice for both short-term gains and long-term investment growth.

Learn more about Ascencia Corporate’s Performance

Reliable Return on Investment

Ascencia's strong track record of delivering consistent returns to shareholders demonstrates its commitment to providing a reliable return on investment. This, coupled with its strategic investments and solid financial health, positions Ascencia as a trustworthy option for investors looking for stability and growth in their portfolios.

Commitment to Transparency and Communication

Ascencia is committed to maintaining transparency and strong communication with its investors. The company regularly updates its stakeholders about its performance, strategic decisions, and market dynamics. This level of transparency builds investor trust and confidence, positioning Ascencia as a preferred choice for investment.

Future Direction under CEO Simon Harel

Under the leadership of CEO Simon Harel, Ascencia is focusing on sustainability and digital innovation. These areas are crucial in today's market, and the company's commitment to these domains is designed to deliver exceptional value to customers, growth opportunities for employees, and robust returns for shareholders. Simon Harel's vision for Ascencia includes expanding the company’s sustainability efforts to reduce its environmental impact. Additionally, the emphasis on digital innovation aims to streamline operations, improve customer experiences, and stay ahead of competitors in the rapidly evolving market landscape.