The Sugar Investment Trust is a body corporate established in 1994 by an Act of Parliament, the Sugar Industry Efficiency Act. It operates on a commercial basis under the Companies Act 2001. SIT is also an Approved Investment Institution falling under the rules and regulations of the Stock Exchange of Mauritius.
SIT was set up as a participation scheme offering sugar cane planters and employees of the sugar industry the unique opportunity to participate in the ownership of sugar milling companies through equity. The company’s investments ensued with participation in the equity of power generating companies and setting its foot in the leisure sector with the setting up and operation of a water-theme park.
The company has also successfully acquired a substantial land bank for cane growing activities and agricultural and property development projects.
The SIT Group consists of the parent company and multiple subsidiaries as shown here.
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SIT Group’s asset base comprises a land bank spanning nearly 857.30 hectares. Presently, 300 hectares are devoted to cane cultivation, with SITLH aiming to expand this to 500 hectares by 2028, thereby doubling its sugarcane production to over 35,000 tons, equivalent to an average sugar production of 2,200 tons. SIT Land Holdings Ltd employs a dedicated team of 64 professionals.Over the past decade, the Group has consolidated its investments in property development, now its core business activity and the primary contributor to its turnover.
Renowned for bringing numerous high-profile agricultural, residential, and mixed-use developments to market across the island, SIT is widely acknowledged as one of the most reputable, capable, and trustworthy property developers locally.
Since its inception, the company has successfully sold 2,484 residential and 3,031 agricultural plots, a testament to SIT’s commitment to land democratization and its ambition to lead the property development market.
The Group’s well-structured, in-house expertise in land and property development, combined with its ability to collaborate with top professional services, positions SIT Group uniquely to leverage opportunities within the property development sector.
Among our recent achievements is the upscale integrated property development project, Aurea-Living Harmony, covering 259 arpents at Cote d’Or, featuring a mix of residential (plots, apartments, duplexes), commercial, light industrial, educational, and recreational land uses.
Another noteworthy project is The CORE - Community of Operators in Reach of Excellence, a landmark office building in Ebene, distinguishable by its distinctive architecture and prominent position.
Both Aurea-Living Harmony and The CORE exemplify our commitment to consolidating investments and leading the property development sector, ensuring maximum benefits for the Group and shareholders.
Additionally, we have initiated several other development projects, including Domaine Deux Bras and Domaine Ile d’Ambre, both agricultural morcellements, and SIT Business Centre, offering stylish, fully-fitted office spaces for rent in NG Tower in Ebene.
Continuously seeking new and viable property development projects for sustainable business growth and enhanced shareholder value, our latest endeavor is the ‘le Bouchon smart city project, set to commence soon in collaboration with an international partner.