Rabat – Morocco has recently become the hub of international investment thanks to the political and social stability it enjoys.
The famous Delta International Property Holdings which specializes in real estate investments in shopping centers and office blocks has expressed its intentions to make expansion moves in Morocco. Delta Africa seeks to invest in Africa with particular focus on Morocco and Mozambique.
Delta Chief Executive Officer Bronwyn Corbett said in this regard: “We own assets spread across various countries on the African continent. We feel that our Moroccan assets are performing well and … that country has become an attractive investment destination for many Middle Eastern investors. So, we are working on a tie-up with a Middle Eastern investor, which could help us to find opportunities in the country.”
She continues: “the idea is to put together a separate Moroccan-focused real estate investment trust structure, which can benefit from an exciting retail sector. Morocco is seen as a developed country with close ties to Europe. Its shopping centres are doing very well, with many European brands trading strongly there. There are also various people who live in Spain and commute to Morocco for work. We want to invest in this economy, and details on our Moroccan plans will be unveiled soon.”
Delta Africa seems to be interested in Morocco particularly for its geo-strategic location with only a few miles south of Europe. Morocco is also culturally straddling both Africa and the Arab world, which makes it a gate to both. After a merger with Mara Diversified Property Holdings, Delta Africa has become Maradelta. It defines itself as a pan African property income fund focusing on African real estate assets.