turning
challenges
into opportunities
Annual Report 2021
Chairman's message
Lavastone’s long term growth strategy is clearly defined and we have arranged for adequate financing for these strategic needs.
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Managing Director's interview
Our focus in 2022 will be on the continuous improvement of our property and facilities management functions to add even more value to our tenants’ businesses.
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Lavastone at a glance
Where challenges arose,
we saw opportunities.
94.40%
Occupancy rate
47,617 m2
Floor space available for rental
5.25 years
Weighted average lease expiry (WALE)
Higlights
Financial
Non-financial
6 assets categories
4,493 m2
Projects under development (Play Mourouk Hotel under renovation & redevelopment [represents GLA])
6,713 m2
Hotel space
13,104 m2
Office space
1,094
Arpents of bare land
4,362 m2
Retails space
23,435 m2
Industrial space
4,493 m2
Projects under development (Play Mourouk Hotel under renovation & redevelopment [represents GLA])
6,713 m2
Hotel space
13,104 m2
Office space
1,094
Arpents of bare land
4,362 m2
Retails space
23,435 m2
Industrial space
4,493 m2
Projects under development (Play Mourouk Hotel under renovation & redevelopment [represents GLA])
6,713 m2
Hotel space
13,104 m2
Office space
1,094
Arpents of bare land
4,362 m2
Retails space
23,435 m2
Industrial space
4,493 m2
Projects under development (Play Mourouk Hotel under renovation & redevelopment [represents GLA])
6,713 m2
Hotel space
13,104 m2
Office space
1,094
Arpents of bare land
4,362 m2
Retails space
23,435 m2
Industrial space
Our case study: Development of Sunrise Attitude
At the same time as the land situated in Belle Mare became available through CIM Finance, Attitude Hotels (Attitude) had the desire to add 40 rooms to the inventory of 61 rooms already existing at the then Emeraude Beach Attitude Hotel next door. We saw the opportunity to develop the hotel rooms which Attitude would rent, as well as a number of managed residences…
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