One of ViMa’s central companies, ViMa Real Estate (VRE) is a leader of real estate development in Madagascar. Created in 2000, the company owns office space of approximately 250,000 square feet in the capital city of Antananarivo. ViMa Real Estate pioneered the business park concept in Madagascar, and currently owns in total 60 hectares of urban land. ViMa has a prestigious lessee portfolio, ranging from Fortune 500 companies to embassies of various countries.

The Explorer Business Park


Located in Village des Jeux in Ankorondrano – the heart of the business area of Antananarivo – the Explorer Business Park (EBP) offers a strategic location, a pleasant working environment and security 24/7. With a fleet of more than 12 500 m2 of offices on three hectares, EBP’s tenants include embassies, institutions and prestigeous companies.


Current tenants in Antananarivo

The embassies that rent from us both in the Explorer Business Park as well as in our additional properties throughout the city include the South African, Moroccan, and Norweigan embassies.

Our Explorer Business Park hosts the following clients:

  • Access Bank Madagascar
  • Airtel
  • AMCHAM (American Chamber of Commerce)
  • BMOI
  • CRBC (China Road and Bridge Company)
  • CRIF
  • Eiffage Génie Civil
  • Jirama
  • Madinter
  • Prodigy (World Bank)
  • Santosha Consulting
  • Shizuku
  • Smart Game
  • Startimes Media
  • Téléperformance. ViMa Real Estate is currently in the process of constructing a building for Téléperformance, expanding their office space to 100,000 square feet.
  • TLS Contact
  • World Trade Center Antananarivo
  • W3D


ViMa Real Estate
Explorer Business Park – Bâtiment B1
BP 12 128 – Ankorondrano
101 Antananarivo – Madagascar

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