Pirates Arms Re-development

A new multi-storey commercial building with a modern look, including a feel of creole architecture has been approved for the Ex-Pirates Arms property.

The Pirates Arms redevelopment project continues to move forward with significant progress. A key milestone was reached with the approval to incorporate a business hotel on the third and fourth floors of the building. The construction contract has been awarded to Mahe Design & Build (Seychelles), and the site was officially handed over to the company in 2024. Construction is well underway.

The total area of the building, excluding the basement parking lot, will measure 12,750 square meters. In total, the project’s completed area will be 15,134 square meters.

Renovation of Corail D’or

The renovation initiative was launched to restore the buildings to operational status. The project encompasses comprehensive renovation efforts for Blocks A and B, as well as all amenities within the Corail D’or premises. Key tasks consist of repainting the structures, replacing built-in furniture, and repairing the roof.

‘All Weather Builders’ is the contractor undertaking the project, which began in November 2024. Completion is targeted for the second quarter of 2026

Le Chantier Mall refurbishment

The project will entail renovating and enhancing the existing damaged structure, along with the construction of a new multi-storey car park.

All necessary approvals from the relevant authorities for this project have been obtained, and the tender process for construction is underway. Construction is expected to begin in the first quarter of 2026.

Redevelopment of Continental property

A new commercial building will be constructed on the property to generate additional income for the Fund.

The project is being done in two phases.

Phase 1 is the complete demolition of the existing structure. WellPoint Development undertook the work.

Phase 2 will focus on the construction of the new building. An architectural concept has been approved, and the architect has been appointed. SPF is currently in the process of recruiting the other project consultants. The team will then proceed to develop the design for submission to the Planning Authority and for construction.