About Semaris

Semaris owns and develops the non-hotel real estate assets formerly owned by New Mauritius Hotels Limited, with the principal objective of unlocking value from the available land bank located in Seychelles, Morocco and Mauritius

Semaris, previously known as Alto Development Ltd, is a public company incorporated on the 23 February 2018 in Mauritius, bearing business registration number C18153946, with its registered address located at Beachcomber House, Botanical Garden Street, Curepipe.

Semaris, through its various subsidiaries, develops essentially luxury residential real estate assets on this land bank and most of the properties will be sold to generate returns for its shareholders. The property assets aims to have a great appeal to High Net Worth Individuals, not only for the geographical position, but also for the quality proposed.

The construction will involve the flair of renowned architects and land developers to produce the most coveted, family-friendly residences that will delight the target client base.

 

The design incorporates the latest trends in the market, balancing suitability with elegance.

Semaris works closely with partners with whom they have a long-standing relationship. These players have considerable experience in property development, unique insights in design and architecture, as well as a pool of high-end clients that the partners can tap into to help realise their respective targets.

Leadership

Board Of Directors

Semaris will rely on the skills of its Board of Directors to create value out of the land bank.

The Board will bring a well-balanced set of skills to the company, ranging from finance to sales and marketing

Management

Semaris will have no employees. Instead, a management contract is in place between Semaris and New Mauritius Hotels Limited (NMH) to plan and execute the strategies of the Company.

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    Hector
    ESPITALIER-NOËL
    Chairman, Non-Executive Director
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    Stéphane
    POUPINEL de VALENCÉ
    Managing Director
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    Gilbert
    ESPITALIER-NOËL
    Executive Director
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    Pauline
    SEEYAVE
    Executive Director
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    Jean-Noël Wong
    WAN KHIN
    Executive Director
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    Jean-Pierre
    MONTOCCHIO
    Non-Executive Director
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    Kevin
    TEEROOVENGADUM
    Independent Non-Executive Director
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    Sidharth
    SHARMA
    Independent Non-Executive Director
Chairman, Non-Executive Director
Hector ESPITALIER-NOËL
  • Qualifications

    Member of the Institute of Chartered Accountants in England and Wales

  • Professional Journey
    • CEO of ENL Limited and of the ENL Group
    • Worked for Coopers and Lybrand in London
    • Worked for De Chazal du Mée in Mauritius
    • Chairman of New Mauritius Hotels Limited and Semaris Ltd
    • Past Chairman of the Board of Rogers and Company Limited
    • Past Chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate
    • Skills & Experience:
    • Extensive CEO and leadership experience and skills
    • Strong financial management and strategic business planning skills
    • Significant experience in alliances, ventures, and partnerships
    • Staunch advocate for a more open Mauritius
    • Advocate for a strong public-private sector partnership for sustainable growth
    • Strong proponent of private enterprise and entrepreneurship
    • Strongly convinced of the multidimensional role of business
Managing Director
Stéphane POUPINEL de VALENCÉ
  • Qualifications

    MBA (Sorbonne/Dauphine), International Project Management Programme (INSEAD) and Senior Executive Programme (London Business School), BCom Marketing and Management (Curtin, Western Australia)

  • Professional Journey
    • Spent the first 9 years of his career working in Sales and Marketing for Panagora Marketing Co. Ltd, part of the Eclosia Group
    • Joined in 2009 Medine Property, the property arm of Medine Limited, where he gained broad experience in property development during 9 years and his last position there was Managing Director o Joined New Mauritius Hotels Limited in August 2018

    Skills & Experience:

    • Strong experience in property development, master planning, sales & marketing and leadership
Executive Director
Gilbert ESPITALIER-NOËL
  • Qualifications

    Master of Business Administration from INSEAD. BSc University of Cape Town, BSc (Hons) Louisiana State University

  • Professional Journey
    • CEO of New Mauritius Hotels Limited since 2015
    • Former Executive Director of the ENL Group and CEO of ENL Property Limited
    • Past Operations Director of the Eclosia Group
    • Former President of the Mauritius Chamber of Commerce and Industry, the Mauritius Chamber of Agriculture, the Joint Economic Council and the Mauritius Sugar Producers Association; past Vice-President of the Mauritius Export Association
    • Skills & Experience:
    • In-depth knowledge and extensive experience of operations in ENL’s key sectors of activity
    • A people’s person, skilled at creating high-performing teams
    • Strong proponent of entrepreneurship, innovation and initiative
    • Staunch advocate of, and extensive experience in, public-private partnership for economic stewardship
    • Sound understanding of the business dynamics in Mauritius
Executive Director
Pauline SEEYAVE
  • Qualifications
    • Master of Arts, St Catharine’s College, University of Cambridge and Associate of the Institute of Chartered Accountants in England and Wales
    • Committee: Member of the Audit and Risk Management Committee
  • Professional Journey
    • Group Chief Financial Officer of New Mauritius Hotels Limited since 2016
    • Over 20 years of working experience in the UK and Mauritius
    • Extensive experience in client portfolio management in Audit and Business Assurance
    • Has occupied senior executive roles in banking, finance, risk management, credit, project finance and corporate banking
    • Current Non-Executive Director of Innodis Ltd
    • Past Director of SBM Bank (Mauritius) Ltd, State Insurance Company of Mauritius Ltd and Club Méditerranée Albion Resorts Ltd
    • Skills & Experience:
    • Extensive experience in risk management, corporate finance and financial reporting
Executive Director
Jean-Noël Wong WAN KHIN
  • Qualifications

    Fellow member of the Association of Chartered Certified Accountants

  • Professional Journey
    • Spent the first 12 years of his career with BDO and EY, working on assignments in Mauritius, Madagascar and various countries on the African continent
    • Joined ENL in 2010 to lead the financial and corporate reporting function of the Agri Cluster and assisted in business development initiatives
    • Subsequently joined New Mauritius Hotels Limited in 2016 and was posted in Marrakech to restructure the Moroccan entities and manage the finance, administration, legal and IT departments
    • Returned to Mauritius in 2020 to act as the Head of Project Finance, mainly on property and related operations within New Mauritius Hotels Limited and Semaris Ltd
    • Current Director of Domaine Palm Marrakech, Fairmont Royal Palm Marrakech and Beachcomber Hotel Marrakech
    • Skills & experience:
      • Acquired an array of competencies in financial auditing, IT auditing, internal auditing, business consulting and corporate finance
      • Highly skilled in financial reporting, IFRS, financial structuring and financial modelling
      • Strong experience in agriculture and property development
Non-Executive Director
Jean-Pierre MONTOCCHIO
  • Qualifications

    Notary

  • Professional Journey
    • Appointed Notary Public in Mauritius in 1990
    • Contributed to the workings of the National Committee on Corporate Governance as a member of the Board of Directors’ Sub-Committee
    • Skills & Experience:
    • Well-versed in corporate governance matters and NED experience across the private and public sectors
    • Extensive experience in alliances, ventures and partnerships
    • Strong proponent of fairness in business
    • Staunch defendant of shareholder’s interests
Independent Non-Executive Director
Kevin TEEROOVENGADUM
  • Qualifications
    • MSc in Finance and Master of Business Administration from the University of Leicester, UK, BSc in Economics
    • Committee: Member of the Audit and Risk Management Committee
  • Professional Journey
    • Worked for KPMG, Deloitte, Ernst & Young in corporate finance and strategic consultancy before moving in 2002 to Loita Capital Partners Group based in South Africa
    • In 2007, joined Actis, the leading Emerging Market Private Equity Firm, as a Director on their Africa real estate team
    • Was the co-founder and CEO in 2013 of AttAfrica, which became the premier investor in shopping malls in Africa
    • Frequent writer and speaker at conferences globally
    • Currently serves on numerous Boards and advise a number of companies in Mauritius and Africa, leveraging his 20 years of experience in financial services and the real estate/hospitality sector
    • Currently co-founder of PropTech Africa
    • Skills & Experience:
    • Strategy
    • Investment
    • Real estate development/management and deal-making
Independent Non-Executive Director
Sidharth SHARMA
  • Qualifications
    • Doctorate and master’s degree in Telecommunication from the University of Bristol and a bachelor’s degree in Electrical Engineering from the University of Cape Town
    • Committee: Chairman of the Audit and Risk Management Committee
  • Professional Journey
    • Group Chief Executive Officer of RHT Holding Ltd and its subsidiaries. The Group is active in the mobility and investment sectors.
    • Chartered Engineer registered with the UK Engineering Council and a Fellow of the Mauritius Institute of Directors
    • Council member of the National Committee on Road Safety and Business Mauritius. Advocate for a greener public transportation system with a keen interest in electric vehicles
    • Published several technical papers in industry journals on dynamic cellular network planning and wireless technologies
    • Worked for British Telecoms Plc before joining Island Communications Ltd., a portfolio company of RHT Ventures as Managing Director
    • Past Board member of the Mauritius Institute of Directors, Courts Mammouth and Globefin Management Services Ltd
    • Skills & Experience:
    • Strong expertise in strategy, innovation, sustainability, operational management, investment management, mobility and technology

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