The Promotion and Development Limited (PAD), incorporated in Mauritius on August 23,1984, is a public-listed company. The main activities of PAD consist of investment in shares, property development and the supply and provision of services associated with such activities. PAD is an associated company of Fincorp Investment Ltd, a subsidiary of MCB Group.
PAD represents an investment with good potential for long-term capitalgrowth. The investment portfolio has a deliberately heavy property bias, which is renowned for its long-term capital nature. PAD holds a controlling interest in Caudan, the promoter of the prestigious waterfront project, with an effective 62.90% stake. Caudan owns prime waterfront property in Port Louis.
Medine has elaborated a 20-year master plan (2005-2025) for the sustainable and integrated development of its unique land bank of 3,000 hectares on the West Coast of Mauritius. Mauritius Freeport Development (MFD) has since 1995 entered into a 60-year Build-Operate-Transfer (BOT) agreement with the Government to develop an area of 25 hectares within the freeport.
