The reality is installed. Given the prevailing crisis , many developers have little choice but to reduce the rental prices to prevent the empty spaces .
Since 2010, a dozen shopping centers of varying size , emerged . And those who can claim to know the success is largely minority . Miscalculation or change due to local economic conditions causing the Mauritian no longer able to take money out of his wallet?
A bit of both , it is said in the middle. "There was a miscalculation on the part of developers, especially those who come from abroad . Then, the purchasing power of Mauritius is limited. This fact that there is an excess of supply . The choice is too big, it's too much for a small island , "said Ignatius Lam , Chief Executive Officer of Intermart .
The situation is such that in some centers, but not least , the management offers spectacular discounts on monthly rents . In some cases, the level of new centers , there is even talk of cuts of hundreds of thousands of rupees for a store occupying a large space.
"There is a saturation , an imbalance between supply and demand. This is crystal clear . It is no secret that it is very difficult for some tenants . We try to support one way or another. Sometimes it works , sometimes not , and they have no other option but to close their shops and go , "says Anuradha Boodhoo , Communications' Coordinator of the Caudan Waterfront.
What is the solution ? Should we reinvent ? " There are not 36 solutions . The purchasing power of the Mauritian declined for three years while there are five times more retail space . Now, we must know how to attract people by offering activities and new services , "says Sophie Desvaux de Marigny, communications manager for the Medina Group , owner of Cascavelle Shopping Village. If the start of the latter center was slow, things stabilize . Then the developments envisaged by Medina in the immediate area can see things more positively .
The Sugar Company of Mont Choisy account for its share of the largest IRS (Integrated Resort Scheme ) project to boost its Mont Choisy Shopping Promenade where there are still spaces for rent , more than six months after its opening. It will , however, continue to deal with competition from Grand Baie La Croisette, its direct neighbor. Because again, some store owners fizzle . Not to mention Circle Square, Forbach , a few miles down the highway , where the situation is no more glorious .
Maurice compte 3 200 millionnaires en dollars américains. Le pays figure ainsi à la 5e place de la zone subsaharienne, mais à la première place avec la plus forte proportion pour une population de 1,3 million d’habitants.
6 years, 8 months ago
Bonne nouvelle pour les consommateurs. L’Annual Percentage Rate (APR) passe de 19% à 12%. La pénalité en cas de retard de paiement chute, elle, de 5% à 2%. Et c’est à partir de ce mercredi 1er avril que cette mesure phare annoncée dans le Budget 2015-16, entre en vigueur.
7 years, 1 month ago