Mediterrania Capital Partners Raises $40.5M for Morocco Real Estate Investment Fund

Mediterrania Capital Partners has reached the first closing of its second Morocco-focused real estate vehicle, raising commitments of 380 million Moroccan dirhams (about $40.5 million) for MCP RE II. The fund will concentrate on financing commercial and industrial property developments across Morocco, with a 10-year investment horizon targeting land and development opportunities in areas showing strong economic growth. MCP RE II will prioritise tertiary and industrial segments including office buildings, logistics facilities, industrial sites and mixed-use developments in expanding urban zones or locations near key business and industrial hubs.

Othmane Tagmouti, head of real estate at Mediterrania Capital Partners Gestion, said: "The successful first closing of the fund demonstrates continued investor confidence in the firm’s real estate strategy in Morocco. Many of the same investors who supported the company’s first property fund have backed this new initiative, allowing the firm to continue financing high-potential tertiary and industrial development projects in the country."

Fund strategy and early deployment

MCP RE II is set up to capitalise on demand for modern commercial infrastructure in Morocco’s urban centres. The fund’s investment remit explicitly targets projects that serve business and industrial needs, with a focus on building or repurposing assets that can serve as offices, logistics hubs, manufacturing or service facilities, and mixed-use schemes that combine commercial and ancillary uses.

• Fund name: MCP RE II; first closing commitments: 380 million Moroccan dirhams (≈ $40.5 million).
• Investment horizon: 10 years.
• Primary sectors: tertiary (office and commercial) and industrial real estate, logistics, mixed-use developments.
• Target locations: expanding urban zones and areas close to key business and industrial hubs across Morocco.

The firm has already begun deploying capital from MCP RE II, having secured a development site in the Casa-Anfa district of Casablanca to build an office-focused tertiary real estate project. Casa-Anfa, Morocco’s largest city’s main financial centre, has been a focal point of urban redevelopment and is being positioned as a regional financial and commercial hub. Mediterrania’s move into Casa-Anfa reflects growing demand for contemporary office space and commercial facilities from companies in finance, services and industry.

Mediterrania Capital Partners is a private equity firm that invests in growth opportunities across Africa with a particular emphasis on North Africa. The firm’s portfolio spans sectors such as healthcare, finance, industry and education; the launch and initial closing of MCP RE II expands its footprint in Morocco’s evolving property market and builds on capital support from earlier backers of the company’s first property fund.

Outlook

With a 10-year mandate and early acquisition in Casablanca, MCP RE II aims to continue identifying land and development opportunities where economic growth and demand for modern business infrastructure intersect. Mediterrania will likely pursue additional tertiary and industrial schemes across Morocco, leveraging repeat investor support to scale development projects that serve corporate tenants, logistics operators and industrial users over the fund’s lifetime.