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Realites launches a mega real estate project in Casablanca

After the French Bouygues Immobilier and the Belgian Thomas & Piron, another European real estate group has just put its backpack to the future main urban center of the economic capital.

This is the French group Realites, specializing in territorial development, whose slogan is “manufacture the city differently”, through its two main businesses: real estate project management and control of use. This listed player, since 2014, on the Euronext Growth market, has just acquired a lot of real estate development from the Urban Development Agency of Anafa in order to develop, in partnership with a Moroccan developer, a large real estate project including a professional component of office trays as well as luxury apartments.

For now, neither the identity of the Moroccan partner nor the amount of the investment are disclosed, but sources close to the French group, which chose Morocco in 2017 for its first international presence, say that the allocated envelope is several hundred million dirhams and Realites Contracting Morocco (Moroccan subsidiary of Realites group), is already in contact with Moroccan banks to raise the necessary financing.

The new Casa Anfa project of the group born in Nantes (North-West of France) in 2003 is the third of its kind in Morocco in just two years of implementation after the rehabilitation project of the Lincoln hotel in Casablanca which had in August 2018, the subject of a call for expression of interest launched by the Urban Agency of Casablanca and that of the first residential component of the Urban Pole of Mazagan launched in partnership with the Company development and development of Mazagan, a subsidiary of OCP Group and which has several tens of thousands of square meters to build.

Recall that the first phase of Casa Anfa, consisting of two neighborhoods (Anfa Club and the financial center district), covers a building area of ​​1.2 million m², of which 750,000 m² have already been placed. Since the beginning of the current year, Urban Development Agency of Anafa has started the development work on a second tranche of 110 ha.

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