Gide Loyrette Nouel has advised a Moroccan state-owned investment company on the creation of the first real estate investment trust in Morocco—a significant move in opening up the kingdom’s commercial real estate sector to institutional investors.
Gide Casablanca advised Ajarinvest, a joint subsidiary of the Caisse de Dépôt et Gestion (CDG) and CIH Bank, on the establishment of the CDG Premium Immo REIT, the first such investment vehicle to be launched in Morocco since taxes on their returns were lightened by new laws, Gide said in a statement.
