Real Estate in Morocco
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CASABLANCA, 2016/06/11
The roll out of new investment vehicles is helping stoke growth in Morocco’s commercial real estate sector.
Last year Morocco passed legislation allowing for the creation of real estate investment trusts (REITs). Under the law, REITs are required to invest at least 60% of their assets in real estate, while the remainder can be invested in other assets to help diversify their investment portfolio.
In early 2016 the European Bank for Reconstruction and Development (EBRD) joined forces with Moroccan retail distributor Label Vie Group by investing in its retail real estate subsidiary Vecteur LV (VLV). The aim of both the EBRD and Label Vie is to launch the country’s inaugural REIT and attract more investment in Morocco’s real estate sector.
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MOROCCO, 2012/12/08
Moroccan real estate group Alliances Développement Immobilier (ADI) has won a housing transaction under which it will build some 7000 dwellings in Côte d’Ivoire, mainly in capital city Abidjan and surrounding areas.
The transaction related partnership agreement was signed previously this week in the World Bank headquarters in Paris on the sidelines of the meeting of the Consultative Group on Côte d’Ivoire’s National Development Plan (2012-2015).
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MOROCCO, 2012/11/01
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Morocco Boosts Middle Class Housing
