28 May 2010

Mauritius Leasing launches "Real Estate Leasing"

The Real Estate sector in Mauritius is about to experience a new wave of change. The Mauritius Leasing Company Limited announced today the launch of "Real Estate Leasing", yet another pioneering product in the portfolio of Mauritius Leasing. With this launch, the thriving property industry can now count on a new pillar to sustain its growth and make ownership more widely accessible to larger spheres of the community.

"Mauritius Leasing is proud to introduce such an innovative concept on the market which opens up further avenues for property investments in Mauritius", said Ashraf Esmael, General Manager of Mauritius Leasing.

"Up till now, Bank Loans were, by far, the main source of funding for acquiring property. With leasing facilities for property investments, businesses and households will now have more funding options to look at rather than the traditional methods. Real estate has been booming but its funding infrastructure has been lagging behind for decades." added Mr Esmael.

With Real Estate Leasing, the market is poised to experience new momentum with a new line of activity that can cater for tailor made solutions with regards to property investments.

The ML Real Estate Leasing is a powerful alternative to bank loans for property acquisition. It has been developed to appeal to potential home and land buyers, buyers of commercial spaces and other properties, property developers and real estate intermediaries.

At this moment, however, the real estate leasing facility excludes Integrated Resort Scheme [IRS] villas, building and other property development projects, which are in construction and marketing stage. This may come at a later stage.

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