In a strategic move aimed at strengthening its market position and optimizing the management of its real estate assets, Groupe LabelVie announced on Friday that it has sold 40% of its shares in Terramis SPI-RFA to several leading institutional investors. Among these investors are major players such as Al Ajial Holding, Farah Al Maghreb, the Caisse Marocaine des Retraites (CMR), the Caisse de Dépôt et de Gestion (CDG), and Sanlam Maroc. The transaction, valued at a total of 473 million dirhams (MAD), confirms both the attractiveness of the fund and the strength of the LabelVie group.
This sale highlights investor confidence in the potential of Terramis SPI-RFA, a fund that has demonstrated its ability to generate stable, long-term returns. LabelVie’s management praised the transaction, emphasizing that as the fund’s primary tenant, the company plays a key role in ensuring solid and stable income flows from the assets managed by the fund.
As of June 30, 2024, Terramis SPI-RFA OPCI held total assets amounting to 1.8 billion dirhams, with net assets reaching 1.2 billion dirhams. The fund also owns 17% of LabelVie’s commercial space, representing 40% of its capital, reflecting its significant influence in the sector.
In the 2023 fiscal year, the fund distributed 75 million dirhams in dividends to its shareholders, further confirming its ability to offer attractive and consistent returns. This solid performance has bolstered investor confidence in the fund and its potential for continued sustainable growth.
This transaction aligns with LabelVie’s strategy of separating its operational activities from its real estate holdings, a strategy that has been in place for over a decade. The group’s approach is centered on three key objectives: financing the ongoing development of Groupe LabelVie, optimizing the profitability of its real estate assets through external specialized asset managers, and strengthening the financial stability of the group by increasing liquidity and reducing the risks associated with holding real estate assets.
