Mediterrania Capital Partners Launches New Real Estate Fund
Mediterrania Capital Partners, a prominent private equity fund manager, has successfully closed its second real estate fund dedicated to Morocco, securing commitments amounting to 380 million dirhams, which translates to approximately $40.5 million. This strategic fundraising initiative represents a significant step for the firm as it aims to channel investments into high-potential commercial and industrial projects throughout Morocco. Othmane Tagmouti, the head of real estate at Mediterrania Capital Partners Gestion, emphasized the importance of this new fundraising, stating that it will enable the firm to continue its investment endeavors focused on tertiary and industrial development in the region.
Targeting Key Urban Developments
The newly established fund, known as MCP RE II FPCC RFA, is geared towards financing various commercial real estate projects, particularly in urban areas experiencing growth or near vital economic hubs. The fund's investment strategy encompasses a ten-year horizon with aspirations to develop office buildings, logistics platforms for distribution, industrial facilities, and mixed-use developments that integrate commercial and residential spaces. Notably, the fund has already earmarked its first investment: a site for an office development located in the Casa-Anfa district of Casablanca. This choice of location is particularly strategic, as it reflects the ongoing urban transformation of Casablanca, Morocco’s primary business center. By initiating its first project in this district, Mediterrania Capital Partners positions itself in a market characterized by an increasing demand for office and commercial spaces, driven by the expansion of financial, industrial, and service sectors.
Mediterrania Capital Partners has maintained a presence in Morocco since 2013, during which it has made numerous investments across diverse economic sectors. The firm has backed several notable companies, including Akdital Holding in healthcare services, Cash Plus in financial services, and Dislog Industries in distribution and manufacturing. This latest venture into the Moroccan real estate market underscores the firm’s commitment to fostering economic growth and development in the region.
As reported by ecofinagency.com.
