What Bloomage does

Bloomage Ltd is a private property fund and asset management company incorporated in Mauritius and headquartered at IBL House, Caudan Waterfront, Port Louis. It is wholly owned by IBL Group, one of Mauritius' largest conglomerates, and operates a diversified commercial real estate portfolio valued at approximately Rs 3.5 billion across roughly 100,000 square metres of gross lettable area in the retail, office, industrial, and hospitality segments. Its assets include premises for 16 Winner's supermarkets, Riverside Shopping Centre in Rivière du Rempart, the IBL House heritage building housing AfrAsia Bank's head office, industrial parks in Pailles and Riche Terre, and the SALT of Palmar boutique hotel operated by The LUX* Collective.

Bloomage generates revenue through two primary streams: recurring rental income from its owned property portfolio under medium- to long-term leases with enterprise tenants, and professional service fees for asset management, property management, and facilities management. The company offers integrated services spanning property investment, asset management, property management, and facilities management, with an emphasis on value-creation through portfolio balancing and tenant relationship management.

Strategically, Bloomage has expanded via acquisitions and joint ventures since 2017, notably the 2017 acquisition and renovation of SALT of Palmar, the 2017 Riverside Shopping Centre acquisition with Rs 120 million of renovation work, the 2019 groundbreaking of the Rs 2 billion Victoria Urban Terminal public-private partnership, and the 2019 HealthScape intra-group collaboration with IBL Life and BlueLife. The company also holds a substantial development pipeline of approximately 115,000 square metres of earmarked land. Its go-to-market is direct B2B engagement with enterprise and SMB tenants within Mauritius; no international expansion is indicated.

Name

Bloomage

Legal name

Bloomage Ltd

Website

https://bloomage.mu

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Asset Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (53119)

SIC

Real Estate (6500), Real Estate Operators (No Developers) & Lessors (6510), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial property management
• Real estate asset management
• Property investment fund
• Facilities management services
• Commercial leasing services

Headquarters

HQ city

Port Louis

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Rental Income from Properties: Bloomage generates revenue through rental income from its diverse portfolio of retail, office, industrial, and hospitality properties across Mauritius. The company maintains medium- to long-term leases with tenants to secure steady income streams.
2. Property and Asset Management Services: The company offers asset management, property management, and facilities management services to clients, generating fees for these professional services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Bloomage is a property fund and asset management company that acquires, owns, and manages a diversified portfolio of commercial real estate in Mauritius spanning retail, office, industrial, and hospitality segments. Beyond direct property ownership, the company delivers integrated asset management, property management, and facilities management services to enterprise tenants and property owners, focusing on value-creation opportunities with medium- to long-term leases to secure steady income streams.

Product overview

Bloomage is a growth-driven property fund in Mauritius, fully owned by IBL Group, offering a unified approach to property asset management, ownership and acquisition. The company operates a diversified portfolio of approximately 35,000m² spanning retail (16 Winner's supermarkets, Riverside Shopping Centre, Circle Square Retail Park), office (IBL House, Office Park Riche Terre), industrial (Industrial Parks in Pailles and Riche Terre, Warehouse Riche Terre), and hospitality (SALT of Palmar Hotel, Victoria Urban Terminal, HealthScape) segments. Beyond property ownership, Bloomage provides integrated services including Property Investment, Asset Management, Property Management, and Facilities Management, creating an end-to-end property fund and asset management offering.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Assets valued at Rs 3.5 billion
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Victoria Station LimitedcoreStrategic or Co-development Partner · 29 November 2019Bloomage is proud of its role as a founding member and shareholder of Victoria Station Limited, the developer of the Victoria Urban Terminal project in Port Louis. This first-of-its-kind multimodal complex represents a Rs 2 billion investment and is the first private-public partnership of its kind in Mauritius, combining bus terminal, office space, hawker areas, parking facilities, green spaces, taxi stand, and retail spaces.
• IBL LifecoreStrategic or Co-development PartnerIBL Life is an intra-group collaborator on the HealthScape project, a unique avant-garde medical and wellness destination in Forbach, Mauritius. The collaboration involves Bloomage, IBL Life, and BlueLife working together on this first medical and wellness destination in Mauritius.
• BlueLifecoreStrategic or Co-development PartnerBlueLife is an intra-group collaborator on the HealthScape project, a unique avant-garde medical and wellness destination in Forbach, Mauritius. The collaboration involves Bloomage, IBL Life, and BlueLife working together on this first medical and wellness destination in Mauritius.
• The LUX* CollectiveminorChannel Partner/ Reseller/ DistributorThe LUX* Collective operates the SALT of Palmar hotel in Bloomage-owned property on the east coast of Mauritius. Bloomage is the proud owner of the hotel walls and benefits from investment in comprehensive renovation of this unique eco-friendly 59-room property.
• Manser Saxon Contracting LtdminorImplementation/ SI/ Consulting PartnerManser Saxon Contracting Ltd served as the main contractor for the Rs 120m renovation of Riverside Shopping Centre in Rivière du Rempart, Mauritius.

Scale indicators11 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Rogers Group (Mauritius): Diversified Mauritian conglomerate with material real estate and hospitality interests. Comparable as a Mauritius-headquartered conglomerate owning commercial and hospitality property, similar to the IBL/Bloomage structure.
• Atterbury Property Group: Large South African commercial property developer and investor with office, retail and industrial assets across Africa. Comparable as a broader, more established commercial property fund operating in African markets adjacent to Bloomage's.

Regional players

• Sun Limited: Mauritius-based hospitality group with resort and hotel assets. Comparable on hospitality real estate ownership and the operator-tenant model Bloomage uses with The LUX* Collective.
• Beachcomber Resorts & Hotels: Long-established Mauritius hospitality group with owned and managed resorts. Comparable on the hospitality-property side of Bloomage's portfolio and as a competitor for trophy hotel assets on the island.

Direct peers

• New Mauritius Hotels: Hospitality owner-operator in Mauritius managing multiple resort properties. Comparable on the SALT of Palmar and broader hospitality-asset segment where Bloomage competes for prime beachfront opportunities.
• Ascencia Limited: Mauritius-listed retail property company focused on shopping centres (Bagatelle, Phoenix Mall). Directly comparable as a Mauritian commercial landlord operating retail-led assets with long-term tenant leases.
• ENL Commercial: Commercial real estate arm of ENL Group in Mauritius, operating diversified office, retail, industrial and logistics properties. Closest direct comparable given shared Mauritius geography, conglomerate parent structure, and multi-segment commercial portfolio.

Emerging players

• Grit Real Estate Income Group: Pan-African diversified property fund with retail, office and industrial assets across multiple African countries. Comparable as a multi-segment, income-oriented property fund operating in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bloomage