The Bank has one of its priority objects the industrial development of the country and has contributed immensely towards providing infrastructures support to investors. It has pioneered in a large measure, the setting up of the manufacturing sector in the country by providing adequate accommodation facilities at subsidized rates. The Industrial Estate Department is responsible for the development and day to day management of the industrial estates and building owned by DBM Ltd.

Rental Policy for lease of Industrial Buildings

Building lease is made for a period of 3 years and is renewed for further consecutive period of 3 years, unless otherwise expressly determined in writing by the parties 3 months before the expiry of the lease or of its renewal/s.

Rates currently being charged for new tenants in servicd industrial estates (Plaine Lauzun, Coromandel and Vacoas Phoenix) are as follows;

A deposit equivalent to 3 months rental and one month rental are payable in advance before the start of the lease. All others terms and conditions of the DBM's standard lease agreement will apply to all leases of land and building

All serviced industrial estates are provided with the necessary industrial indusrial infrastructure and services such as:

• Sewerage network
• 3-phase electrical supply
• Telecommunications network
• Internal water reticulation
• Street lighting network
• Goods lift
• Collection and disposal of industrial waste

The Industrial Estate Department is responsible for the management of the lease of developed land to private entrepreneurs.

Land lease is made for a period of 20 years renewable for two further consecutive periods of twenty years each. All leases are evidenced by the lease agreement between the Bank (the lessor) and the lessee.

Rate currently charged for land lease for new tenants is Rs. 250,000 per arpent per annum.