Our commercial properties are owned by public listed property funds Ascencia and CIPF, which are also ENL subsidiaries.
Commercial properties built by ENL, be it retail parks or industrial buildings, a generally owned by direct property funds, listed on the Stock Exchange of Mauritius. This opens up opportunities for the general public to hold a share in these assets. Shareholders are remunerated from rental income received from operating these properties. Two such property funds currently form part of the group. They are,
- Ascencia, a Rogers subsidiary which is arguably the largest Mauritian property fund listed on the Development & Enterprise market of the mauritian stock exchange. It owns and manages a portfolio of retail parks, all of which are almost fully let out.
- The Commercial Investment Property Fund (CIPF), an ENL Commercial subsidiary, owns buildings from which its sister companies currently operate.