As part of the development strategy of its real estate, CBo Territoria notably announced at the end of December a new investment of 24 million euros in Mayotte, accelerating the geographic diversification of the Group's assets.
Leading real estate developer and developer in Reunion Island and Mayotte, CBo Territoria changes gear on the perfume island with this commercial asset development project covering an area of 8,100 m2. The project takes place in Combani on a plot of land of 2,9 ha acquired following an agreement concluded with Colas. The overall investment is 24 million euros. Equipments, who have received commercial exploitation authorization, will be built by Colas under a Real Estate Developer Contract (CPI). Contributing to the territorial rebalancing of the commercial offer in Mayotte, mainly concentrated in the Mamoudzou-Kawéni zone, this new commercial activity center will offer a diversified offering over 6,800 m2. He can count on the attractiveness of a Carrefour supermarket (1 920 m2), of a Monsieur Bricolage store (1 200 m2) and a materials yard at the Batimax brand (800 m2). For personal and household equipment, a C'TAM store (1 200 m2) will be completed by a shopping gallery of 17 stores over 1,400 m2. Also on site, A sales counter with its warehouse (1 000 m2) of the Cananga group (to the Distrimax brand). Finally, a fast food brand covering 300 m2 will complete the whole. Enough to attract a lot of people. The start of work is planned for the second half of 2021 for commissioning in the second half of 2023.. Located in the town of Combani, next to a new gas station, the future equipment benefits from a strategic position on the island. It will be particularly well served by the main roads of the department. CBO Territoria has acquired as a continuation of this space dedicated to trade land on which will be developed real estate development and heritage projects., responding in particular to the needs of local institutional actors. Mayotte, whose development is supported by a government plan of 1,3 billion euros, is a territory known by CBO Territoria. In 2016, the Group acquired a commercial asset of 2,300 m2 housing the C’TAM brand of the Cananga group., its historical partner on the island. In 2018, CBo Territoria realized in Madmoudzou, in collaboration with Colas, King, the largest Mahorean business center with an area of 13,600 m2, including 10,100 m2 sold in real estate development and 3,500 m2, remained his property, leased to institutional players.
