Connect with us

News

MHC’s new subsidiary to engage in renting and leasing business

Published

on

The State-owned Mauritius Housing Company (MHC) Ltd will set up a wholly-owned subsidiary, MHC Properties Ltd, that will engage in renting and leasing activities.

The MHC holds a non-bank deposit taking licence from the Bank of Mauritius and such companies are not allowed to engage in such activities.

All immoveable properties such as land and buildings of MHC Ltd would be transferred to the subsidiary.

According to Cabinet papers, the MHC Properties Ltd will be called to manage, maintain and rent existing properties of MHC Ltd, promote property development in Mauritius and Africa; act as syndic for MHC projects; and engaged in “any activities directly or indirectly related to real estate development.”

Bookmark(0)

No account yet? Register

Spread the News
The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.
Click to comment

Leave a Reply

Your email address will not be published.

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.

Can you support?

Dear Reader,

NewsMoris is a media service that is dependent on support from its readers in the form of subscriptions.

As a startup that was born in and faring through challenging times like these, we need your support now more than ever.

Subscribing for as little as USD10/month is the best way you can support our efforts.

Thank you.