Mauritius Investment Corporation: Real Estate Adjustments, Valuations, and Depreciation

The annual report for 2025 from the Bank of Mauritius (BoM), released last week, provides a fresh perspective on the real estate investments of the Mauritius Investment Corporation (MIC), its subsidiary established in 2020 to support the country's strategic enterprises. Beyond the numbers, a changing portfolio emerges, characterized by accounting adjustments, land revaluations... and a first depreciation that marks a turning point.

As of the end of June 2025 ...