Caudan Development Limited, incorporated in Mauritius as a public company on February 17, 1989, has been listed on the Official Market of the Stock Exchange since July 2002. It is a subsidiary of Promotion and Development Limited, which holds an effective 62.90% stake in the company.
The activities of the Group continued throughout 2016 to include property development and investment and the provision of security services.
Caudan Development Limited specialises in the ownership, promotion and development of the Caudan Waterfront in Port Louis. Apart from the waterfront project, the company rents out industrial buildings situated at Pailles and Riche Terre.
Caudan, via a subsidiary, operates within the security business, and is involved in the sale of alarm equipment and the provision of security and property protection services.
Its Investment Property was valued on June 30, 2016 at MUR 3.7 billion.
