Akasha, Tamarina's River Estate, Mauritius

Mare

aux Vacoas

Mahebourg

Souillac

PlaineMagnien

Grand Baie

Goodlands

PORTLOUIS

MOKA

FLACQ

GRANDPORT

PLAINESWILHEMS

BLACKRIVER

SAVANNE

RIVIEREDU

REMPART

PAMPLEMOUSSES

Centre deFlacq

Poudre d’or

Pamplemousses

MokaBeauBassin

QuartierMilitaire

MontagneBlanche

Bel Air

Grand Port

Riviere desAnguilles

Surinam

Bel Ombre

Baie du Cap

NouvelleFrance

Trou d’EauDouce

QuatreBornes

Rose Hill

Phoenix

Vacoas

Curepipe

Tamarin

Le Morne

PetiteRiviere

Bambous

Lallmatie

BonAccueil

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Port Louis

PlaisanceInternational

Airport

Mauritius

The jewel of the Indian Ocean

In the days of sailing ships, between the Cape of Good Hope and the East Indies, Mauritius was a salutary port of call for sailors in search of fresh water, fruit and rest on what was already then considered to be a paradise island. With the emergence of the South African and Indian economies, the increase in international exchanges and above all, the intrinsic benefits of Mauritius, the island is, nowadays, more than ever, the Star and Key of the Indian Ocean. Serviced by direct flights, 10 hours to Paris and 6 to Cape Town, the island continues to be the ‘enchantress’ on the route of all enterprising travellers.

Economic and cultural crossroads between three continents, member of the Commonwealth and Francophone nations, Mauritius is home to a population that has kept close ties with Europe, Africa and Asia. Bilingual, tolerant and dynamic, Mauritians form part of a democracy that has been stable for more than four decades, as well as being part of the most spectacular economic development on the African continent. Up-market tourism, the offshore financial sector, a freeport and the information and communication technology sector form the current pillars of this continuous ascent to economic prosperity.

Legislation linked to IRS* projects allows foreign nationals to purchase property easily and safely, as well as enabling buyers to obtain Mauritian residency. An advantageous fiscal policy**, a warm year-round tropical climate (particularly sunny and dry on the west coast), and close proximity to the sea, make Mauritius the ideal location for your home.

* Integrated Resort Schemes.

** Low tax rates, no taxes on capital gains and dividends, and no inheritance tax, amongst others.

Your very own private and secret Garden of Eden

It ’s an estuary, where reality blends with your dreams

On an emerald isle, surrounded by a sapphire blue ocean, nestled between the golden savannah and the famous Tamarin Bay, lies a luxurious estate with a wild, natural beauty. At your feet runs a river, a place where nature is an invitation to dream and creates magic for the senses.

As in the beginnings of time

Masterplan

The location and layout of the villas have been studied with care, with your pleasure and well-being in mind. An open view of the breathtaking landscapes, ample space to make the most of an idyllic nature and climate, together with the charming and discrete comfort of your secret garden, all combine to create this harmonious contrast: outdoor living, whilst at the same time being blissfully private.

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River Villa

From your terrace, breathe in the calm morning air as the sun emerges from behind the distant mountains, its reflections of silver dancing on the river below.

Invest in your happiness and move into your very own Garden of Eden.

Alternatively, you could also opt for one of the 32 residences on the higher plateau and enjoy tawny grass fields, interspaced with Acacia trees. These plots measure an average of 2500 m², and will allow you to make the most of the generous west coast sunshine. From your infinity swimming pool, blending indistinguishably with the horizon, you can take in the surrounding views of the mountains, rivers and lagoons.

Your modern villa will open on to this vast expanse, where space and freedom will be yours.

You can choose your villa from one of 28 plots, measuring an average of 1600 m², along the river bank and take in the air along a flowing emerald green ribbon, under the shade of century-old mango trees, while listening to the water flow over the dark smooth basalt stones. Contemporary architecture blends delightfully with this natural, untouched setting.

Your very own paradise

Take your time, it’s yours…

There, where the sun and horizon blend into one

Paddle your canoe to Tamarin Bay, where playful dolphins frolic in the surf. Venture out to sea and confront the powerful and majestic marlin, or sip a cocktail aboard a catamaran as you glide over Black River’s turquoise lagoons, at the whim of the wind.

At Akasha, you will be at home. We will see to your comfort, tranquility and security. The generosity and legendary Mauritian hospitality will take care of the rest.

Our team embodies all of these qualities. Everything will be done to make sure that this paradise will be exclusively tailored for you, to ensure that your quality of life is enhanced.

Live life the island way, savoring every second of this gentle lifestyle, whilst all the while, having access to the multitude of services available in this up-and-coming region.

Escapism and refinement

Beyond your tropical garden, on the horizon, gentle slopes are covered with tender green grass, dazzling under the sun, waiting just for you. Practice your swing and make the most of an exceptional landscape, as you tread the fairways with footsteps lighter than your spirits.

Being a resident at Akasha will entitle you to use the activities offered at Tamarina:

Unwind at the spa, whilst pleasant calming fragrances, expert hands and stones radiating a gentle heat liberate you from all your tensions and immerse you in a state of complete well-being.

Having notched up the birdies on Tamarina’s dream golf course, indulge your taste buds and relish a well-deserved snack at the golf club’s restaurant, Le Dix Neuf; or enjoy a cocktail at the Beach Club, overlooking Tamarin Bay and its fine sandy beach, as you take in the sunset, with its surreal colours.

And your vision was

AKASHATAMARINA

Medine, a Mauritian company, soon to celebrate its centenary and having its origins in the sugar industry, had the foresight to anticipate the end of the preferential trade agreements with the European Union and diversified its activities into the Property and Tourism sectors.

With its 10,000 hectare estate along the west coast of Mauritius, Medine was the pioneer of IRS developments, with the realisation of the first project of its kind: Tamarina. Its 119 villas at the centre of an international golf course have all been sold and handed over to their owners.

Akasha falls under the property development banner and forms part of Medine’s master plan over the next 25 years. Architects, town planners, economists and sociologists have combined their knowledge and talents, so as to ensure that these projects integrate harmoniously with the environmental and social equilibrium of the Mauritian west coast.

Medine

www.akasha.muMedine Mews, La Chaussée, Port Louis, Mauritius

Tel: 230-2116101 / Fax: 230-2116173Email: [email protected]: www.medineproperty.com

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Disclaimer

The illustrations contained in this Brochure are purely artists’ impressions and must not be relied upon. Medine Ltd reserves the right to change, alter and/or modify at any time and without notice, any of the contents of this Brochure, including but not limited to any pricing, pictures, illustration, layouts, plans, dimensions and/or surface areas. The contents of this Brochure are NOT intended to be of a contractual nature. Thus, nothing in this Brochure shall be construed as being an offer to sell or a solicitation of any offers to buy. Medine Ltd, including any of its affiliates, employees, officers and/or agents shall NOT be responsible for any damage, loss and/or prejudice whatsoever, arising from any reliance placed by any person(s) on any of the contents of this Brochure.

Masterplan

Disclaimer

The illustrations contained in this Brochure are purely artists’ impressions and must not be relied upon. Medine Ltd reserves the right to change, alter and/or modify at any time and without notice, any of the contents of this Brochure, including but not limited to any pricing, pictures, illustration, layouts, plans, dimensions and/or surface areas. The contents of this Brochure are NOT intended to be of a contractual nature. Thus, nothing in this Brochure shall be construed as being an offer to sell or a solicitation of any offers to buy. Medine Ltd, including any of its affiliates, employees, officers and/or agents shall NOT be responsible for any damage, loss and/or prejudice whatsoever, arising from any reliance placed by any person(s) on any of the contents of this Brochure.

Context plan

Disclaimer

The illustrations contained in this Brochure are purely artists’ impressions and must not be relied upon. Medine Ltd reserves the right to change, alter and/or modify at any time and without notice, any of the contents of this Brochure, including but not limited to any pricing, pictures, illustration, layouts, plans, dimensions and/or surface areas.

The contents of this Brochure are NOT intended to be of a contractual nature. Thus, nothing in this Brochure shall be constructed as being an offer to sell or a solicitation of any offers to buy. Medine Ltd, including any of its affiliates, employees, officers and/or agents shall NOT be responsible for any damage, loss and/or prejudice whatsoever, arising from any reliance placed by any person(s) on any of the contents of this brochure.

front elevation

entry elevation

typical side elevation

River Villa R1 - 3 bedrooms

Area Schedule (m2)

Net Internal Area (NIA) 201.2Covered External Area 83.2NIA Utility Zones 36Gross Covered Area 350.9

(gross area not inclusive of uncovered decks, but includes wall thickness)

River Villa R1

Upper floor plan

Ground floor plan

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entry elevation


River Villa R2 - 4 bedrooms

front elevation

Area Schedule (m2)

Net Internal Area (NIA) 237.3Covered External Area 73.4NIA Utility Zones 36Gross Covered Area 397.3


River Villa R2

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upper floor plan

ground floor plan

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front elevation

entry elevation


Plateau Villa P1- 4 bedrooms

Area Schedule (m2)Net Internal Area (NIA) 223.9Covered External Area 60.7NIA Utility Zones 47.8Gross Covered Area 376.1


Plateau Villa P1

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front elevation

entry elevation


Plateau Villa P2 - 4 bedrooms

Area Schedule (m2)

Net Internal Area (NIA) 226.6Covered External Area 49.1NIA Utility Zones 44.1Gross Covered Area 360


Plateau Villa P2

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front elevation

entry elevation



Area Schedule (m2)

Net Internal Area (NIA) 246.4Covered External Area 94.8NIA Utility Zones 44.4Gross Covered Area 444.4


Plateau Villa P3

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lower floor plan

ground floor plan

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front elevation

entry elevation



Area Schedule (m2)



Plateau Villa P4

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lower floor plan

ground floor plan

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front elevation

entry elevation



Area Schedule (m2)



Plateau Villa P5

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ground floor plan

Upper floor plan

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front elevation

rear elevation

side/ entry elevation

Plateau Guest Pavillion

Area Schedule (m2)

Net Internal Area (NIA) 42.4Covered External Area 13.7Gross Covered Area 64.3


Plateau Guest Pavillion

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The Developer: Medine Limited

Company incorporated in 1913

Main Shareholder (32% effective holding): Promotion and Development Limited (PAD)

PAD is an associate company of the Mauritius Commercial Bank Limited (MCB), the leading commercial bank in Mauritius.

Financial highlights as at 30th of June 2009

Market Capitalisation : MUR 10 billion (Euro 244 million)

Total Assets : MUR 11 billion (Euro 268 million)

Indebtedness : MUR 225 million (Euro 5.5 million)

Turnover : MUR 1.3 billion (Euro 32 million)

Net Profit : MUR 248 million (Euro 6 million)

Property Development in 2010

The success of Tamarina Golf Resort & Beach Club, the first Mauritian Integrated Resort Scheme (IRS) completed in 2008, has prompted Medine Property to kickstart it’s second IRS project called Akasha.

Nestled on some 60 acres of prime land on the edge of the Rempart River near Tamarin, 60 villas will be built and furnished to take advantage of the unique beauty of the surroundings. The architectural style, elaborated by Taktik Achitects is resolutely modern as compared to the one adopted for Tamarina. Akasha offers a choice of two villa-types: 32 Plateau Villas and 28 River Villas, with a surface area ranging from 350 to 450 m2 on plots of land varying between 1,300 and4,600 m2.

This IRS will also harbour a restaurant as well as a boathouse for kayaking. The residents of Akasha will benefit from the existing facilities at Tamarina which include an 18-hole golf course of international standard, two restaurants, as well as a Beach Club.

Other upcoming projects for Medine Property in 2010 include:

The building of the Tamarina Hotel, Beach, Golf & Spa which started in March 2010 and will be situated at a stone’s throw from Tamarina on the Tamarin Bay. This boutique hotel will have a capacity of 50 rooms.

A Commercial Centre (Cascavelle Mall) consisting of a first phase of 10,000 m2 with a scheduled opening date in October 2011. This project is the fruit of a partnership with Retail Africa (specialists in the conception of commercial centres in South Africa) and GIMCO (Investment company).

A Business Park of 4000 m2 with a predicted opening in February 2011.

Various residential land developments amounting to more than 1000 plots for the local population.

Medine Property - Contact DetailsMedine Mews, La Chaussée, Port Louis, MauritiusTel: 230-2116101 Fax: 230-2116173Email: [email protected]: www.medineproperty.com

Lead agent - Akasha project: Pam Golding Properties Ltd

Tel: +27 21 76 22 617Fabrice Orengo de LamazièreDirector, National and International [email protected]

Daniel GIRAUD

Chief Executive Officer Medine Limited [email protected]

Thierry SAUZIER

Managing Director Medine Property [email protected]

Joel BRUNEAU

Deputy HeadMedine Property [email protected]

Stéphane POUPINEL DE VALENCE

Marketing and Sales ManagerMedine Property [email protected]

The project team

ArchitectTaktik architects

Taktik is a local architectural firm with over 15 years experience in Mauritius. The team of seven staff is located 5 minutes from the Akasha site and has over the last decade concentrated on high end private residential projects on the west coast.Their portfolio ranges from small scale public and commercial buildings to interiors and hotel renovation projects. They have also been involved in establishing and maintaining architectural guidelines of local residential estates in an effort to improve the local built environment.

www.taktik.com

Interior DesignerVK Design Ltd

VK Design is a leading name on the Mauritian interior decoration scene. With over ten years of extensive experience in the field, VK Design has worked closely with the major hoteliers of the island and has recently delved into the growing IRS market, backed by a team of 13 dedicated staff.

www.id.co.mu

Project ManagerSIP Group

Pioneers in the field, SIP has set the standards for and established the discipline of professional project management thereby creating a unique service to the owner. Having debuted in South Africa, SIP has gradually extended its influence to cater for major projects in Dubai, Maldives and Mauritius. A team of professionals place extensive emphasis on fulfilling the client’s needs.

www.sippm.co.za.

Quantity SurveyorHoolooman & Associates

One of the leading construction consultants in the region, Hoolooman & Associates have offices in Mauritius, Seychelles, the Maldives and India. They have a proven track record in the construction industry with over 400 completed projects from all activity sectors. Their project portfolio includes hotels, resorts, IRS, town centres, waterfront developments and hospitals among others.

www.hooloomann.com.

Building ContractorREHM-Grinaker Co. Ltd

REHM-Grinaker was founded in Mauritius in 1991 and has since grown to be one of the leading building and civil engineering construction companies in Mauritius. Over the years, REHM-Grinaker has undertaken a wide array of building projects including villas and hotels, commercial and office buildings as well as roads and golf courses. With a 1000 strong workforce, REHM-Grinaker has notably been involved in the construction of villas on most of the IRS projects undertaken to date as well as on major hotels around the island.

www.grinaker-Ita.com.

Civil EngineersDe Commarmond & Associates Ltd

Incorporated in 2003, De Commarmond & Associates Ltd is an up and coming business in the civil and structural engineering scene of the island. Having already handled a range of important projects in the hotel sector over the last few years, it is extending its expertise to the expanding IRS sector.

Structural EngineersServansingh Jadav & Partners

Servansingh Jadav & Partners Consulting Engineers Ltd (SJPCE Ltd) established in 1987, is one of the leading firm of Consulting Engineers and Project Managers in Mauritius. The firm has been involved in many of the prestigious projects which have been successfully completed in the last decade on the island. 50 staff members, including a team of 20 professional engineers, are responsible for carrying out the array of professional consultancy and services offered by the firm.

Electrical and Mechanical EngineersWSP Mauritius Ltd.

WSP Mauritius Ltd is one of the largest electrical and mechanical engineering firms in Mauritius. Employing 29 commited staff, WSP is part of a global business network established in the UK in the ‘70s employing around 10,000 staff in 35 different countries. The local branch has an impressive track record including a wide range of hotel and IRS projects.

www.wspgroup.com

The integrated resort scheme

Mauritius has recently opened up its real-estate market to foreigners through the Integrated Resorts Scheme (IRS) to allow overseas buyers to acquire a piece of heaven.The Integrated Resort Scheme is aimed at the high-end international property market. These luxurious developments on sprawling estates with a minimum price tag of 500,000 US Dollars are meant to attract high-net worth individuals and investors to Mauritius. The villas are completed with leisure facilities and amenities on hand to suit every taste, from golf villas to beach resorts. The IRS market is booming and offers developers an extensive business opportunity while providing a rewarding occasion to the discerning investor.For the international buyer there is the additional perk of becoming a Mauritian Resident upon purchase of an IRS property.

Key Features of IRS

• 500,000 US Dollar minimum price per property• Development must take place on a minimum of 10 hectares of land• High-end luxury properties• High class leisure and recreational facilities, including golf and spa• Mauritian Residency acquired upon IRS purchase

Acquisition of property by foreigners

Both schemes allow foreigners to purchase property either in their own names or through an entity. However, whether your real estate is used for shelter or investment, the important consideration is to make use of proper asset protecting ownership structures. Because real property has become increasingly more valuable, the question of how parties take ownership of their property has gained greater importance. The form of ownership taken - the vesting of title - will determine who may sign various documents involving the property and future rights of the parties to the transaction. These rights involve such matters as property taxes, income taxes, inheritance and gift taxes, transferability of title and exposure to creditor’s claims. Also, how title is vested can have significant probate implications in the event of death.

Structuring your ownership through a company, as opposed to sole ownership, has an obvious appeal to foreigners because, amongst others, it allows:

Isolation from personal assets

By putting the ownership of real estate in a separate limited liability entity, and by maintaining that entity’s separate existence, you may be able to shelter all of your personal assets from claims originating from the real estate, especially when the real estate will be used as an investment.

Tax Planning

Your home country may still levy inheritance taxes on the worldwide assets of their citizens. Inheritance taxes on property and other assets are triggered by the death of a living owner. If assets can be arranged so that they are not owned by an individual, this form of taxation can be legitimately avoided.

Succession Planning

Companies can hold real estate and other assets indefinitely. Companies don’t die. Many of the world’s wealthy people own luxury property in exclusive locations through companies, traditionally set-up in offshore locations. When they die, the company remains the owner of these buildings.

Other Practical issues

As it is unlikely that you will be residing in Mauritius throughout the year, the more so when the property has been acquired for investment purposes, it may be problematic for you to personally handle the acquisition process, applications for residency under the relevant schemes deal with the preparation and filing of tax returns in Mauritius and ensure timely compliance with regulatory obligations amongst others. Similarly, receipt of official correspondences such as the service of official or legal notices to you may pose a problem should the property be held in your personal name.

Axis fiduciary ltd

Axis is a specialist service provider with expertise in the structuring, set-up and management of real estate holding vehicles, including domestic and offshore companies, trusts and sociétés. Axis has already assisted several investors, both from Common Law and Civil Law jurisdictions, in structuring the acquisition of their property in Mauritius and providing an all round real-estate service to them.

Real-Estate Services include:

Professional guidance on investment in Mauritius through the (IRS)

Structure real-estate purchases

Provision of power-of-attorney

Handling applications for residency under the relevant schemes

Facilitation Services

Telephone and Mail management services, including mail forwardingmanagement of rental income

Accounting Services

Business introduction and provision of guidance on trade and finance opportunities

In devising the appropriate real estate holding structure for the acquisition of IRS properties, Axis works closely with BLC Chambers which is a leading Mauritian law chambers with unmatched expertise in Mauritian and international tax law. We closely work with them to ensure compliance and craft the most efficient tax structure suitable to your needs. Should you also contemplate living in Mauritius, Axis can help you get set up here; we make the necessary introductions and applications.

At Axis, we understand that people matter most, so we offer expedient service to help you, your people and your family feel at home.

Our Expat Services include:

Handling applications for residency under the relevant schemes, including IRS in Mauritius

Expatriate Support and Residency

Handling applications for work and residence permits and duty remission facilities for expatriate staff

Introduction of clients to leading banks in Mauritius for opening of and operating banks accounts

Business introduction and provision of guidance on trade and finance opportunities

Contact Axis Fiduciary Ltd, 3rd Floor Unicorn Centre, 18N, Frère Felix de Valois Street, Port Louis, MauritiusTelephone +230 213-1111 - Fax +230 213 3333 - [email protected]

Documents

Akasha, Tamarina's River Estate, Mauritius