ARADEI CAPITAL
CONTACT
Address : Route de Bouskoura (Ex showroom Opel-Chevrolet)
Email : contact@aradeiservices.com
Tel. : +212 5 22 58 56 50
CLEO PIERRE SPI-RFA.
103 bank’s retail branches with an occupancy rate of 100%..
The acquisition by Aradei Capital of “CLEO PIERRE SPI-RFA” shares is part of Aradei Capital’s strategic continuity of positioning itself as an OPCI (the Moroccan equivalent to REIT regime) investor.
The acquisition of this portfolio of operational assets allows the property company to generate an immediate return and to diversify its tenants by integrating a leading banking institution. The cash subscription by Aradei Capital of CLEO PIERRE SPI-RFA shares was made for an amount of nearly 557 million dirhams.
Key dates.
Set up by REIM Partners of the OPCI vehicle approved by the AMMC on December 24, 2020
- This vehicle is managed by REIM Partners
- Assets transfer from BMCI to OPCI in two stages:
- January / March 2020: transfer from BMCI to OPCI of 103 assets with long-term leases.
- Acquisition of OPCI shares by Aradei Capital on March 19, 2021: CLEO PIERRE SPI-RFA becomes a 100% Aradei Capital subsidiary.
Legal characteristics.
- CLEO PIERRE SPI-RFA is an OPCI vehicle under the legal form SPI-RFA;
- Vehicle intended to accredited investors.
Portfolio Characteristics .
- 103 bank’s retail branches for a GLA area of 21,557 sqm with an occupancy rate of 100%.
- The agencies portfolio was valued at nearly 620 million dirhams by two independent real estate experts approved by the Ministry of the Economy, Finance and Administration Reform.
- The branches are located in 17 cities across the Kingdom and are leased to BMCI under long-term lease contracts.
- 57% of branches are located on the Casablanca – Rabat axis (in terms of GLA)
