On-going projects

The expansion of the property portfolio remains a key aspect of SPF’s investment plan. The amount of income being generated from properties continues to increase every year with the completion of new projects. The following are SPF’s ongoing projects.

Pirates Arms Re-Development Project
Independence Avenue, Victoria, Mahé
Ile Perseverance Residential Apartments Project



Ile Du port Micro Enterprise Project


-One buildings:

-1st building: commercial building with a modern look and a creole touch.
-Total area: 21,190 m²
-Started in March 2016 (demolition)
-Expected completion date: May 2021

Status: Construction is expected to start late May 2019 and be completed in May 2021. Estimated cost for the entire project is SR 377 million. In addition to that SR 5.8 million rupees will be added for the remedial works on the CBS Annex Building.



Land area of 3, 127 m²

-24  two-bedroom apartments
-18 one-bedroom apartments
-Expected start date: December 2016
-The project is expected to complete on the 15th of November, 2019.

Status: Construction work is now in the 21st week.



-Garages,Workshops,Offices,Storage space.

-Expected start date:
-Expected completion date:

Status: No progress recorded for the time being