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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    Gilbert
    ESPITALIER-NOËL (Born in 1964)
    Executive Director - Appointed in: February 2018
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    Stéphane
    POUPINEL de VALENCÉ (Born in 1978)
    Managing Director, Executive Director - Appointed in: September 2018
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    Sidharth
    SHARMA (Born in 1974)
    Independent Non-Executive Director - Appointed in: December 2019
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    Kevin
    TEEROOVENGADUM (Born in 1974)
    Independent Non-Executive Director - Appointed in: June 2019
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    Jean-Noël Wong
    WAN KHIN (Born in 1978)
    Executive Director - Appointed in: July 2021
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    Laurent
    PIAT (Born in 1978)
    Executive Director - Appointed in: November 2022
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    Thierry
    REY (Born in 1962)
    Non-Executive Director - Appointed in: November 2022
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    Paul
    TSANG (Born in 1963)
    Non-Executive Director - Appointed in: November 2022
Executive Director - Appointed in: February 2018
Gilbert ESPITALIER-NOËL (Born in 1964)
  • 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
Managing Director, Executive Director - Appointed in: September 2018
Stéphane POUPINEL de VALENCÉ (Born in 1978)
  • 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
    • Joined New Mauritius Hotels Limited in August 2018

    Skills & Experience:

    • Strong experience in property development, master planning, sales & marketing and leadership
Independent Non-Executive Director - Appointed in: December 2019
Sidharth SHARMA (Born in 1974)
  • 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
Independent Non-Executive Director - Appointed in: June 2019
Kevin TEEROOVENGADUM (Born in 1974)
  • 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
Executive Director - Appointed in: July 2021
Jean-Noël Wong WAN KHIN (Born in 1978)
  • 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
    • 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
Executive Director - Appointed in: November 2022
Laurent PIAT (Born in 1978)
  • Qualifications

    Global Executive MBA from IESE Business School completed in 2021 and a Master from Sup de Co Montpellier completed in 2002

  • Professional Journey

    Worked as Project Manager for Groupe Union from 2002 to 2007

    Joined New Mauritius Hotels Limited as Project Coordinator in September 2007

    Appointed as Directeur Général Délégué of Beachcomber Hotels SA in Morocco in 2010 and as Directeur Général of Domaine Palm Marrakech SA in 2011

    Skills & Experience

    • Enjoy and nourish effective team working in which people feel supported and appreciated, which brings powerful ownership and motivation towards the common goals

    • Naturally explorative and generate bold ideas to secure competitive advantage. Champion rigor and planning and always flexible to respond to new opportunities and circumstances

    • Timely embrace and enjoy all challenges no matter how complex and bring an excellent business acumen and analytical capacity to ensure optimal solution are defined and investment made is safe guarded and levered for full advantage and return

    • Calmness and ability to keep matter in perspective

    • Inspire people around to maintain focus and effort even in the face of unexpected development or crisis

    • Management and promotion of a large-scale integrated mixed used-development in Marrakech comprising a 5* Luxury Hotel (Fairmont Royal Palm Marrakech), a championship golf course and about 150 luxury villas

    • The position involved taking over the responsibilities of 2 subsidiaries in Morocco, as General Manager, assuming the role of leadership for a team of 30 people, resourcing and managing local and international consultants, driving multiple negotiation round with the authorities, securing financing and animating a real estates sales team and network

Non-Executive Director - Appointed in: November 2022
Thierry REY (Born in 1962)
  • Qualifications

    Diploma in Land Surveying

  • Professional Journey
    • Joined ENL in 1999 to create Espral, the Group’s very first instrument for land management and property development
    • Upon creation of ENL Property, he took on new responsibilities as director for business development and has been pushing among others, for ENL’s entry in the renewable energy sector.


    Skills & Experience

    • Extensive experience in real estate sector
Non-Executive Director - Appointed in: November 2022
Paul TSANG (Born in 1963)
  • Qualifications
  • Professional Journey

    Started his career at De Chazal du Mée in 1985 and was responsible for the audit of several of the big Corporates in Mauritius
    Joined ENL as project accountant in December 1994 to oversee the financial aspects of projects

    Appointed as Group Financial Accountant in 2002 and subsequently as Group Head of Finance

    Skills & Experience

    •Extensive experience in strategic planning, preparation of consolidated financial statements, feasibility studies and structured debt financing

Investors Corner

Financial Information