Buildings & Logistic Services (BLS) has made a significant move in the logistics sector with the acquisition of the Logiprod platform, located in Lkhayata, for over 125 million dirhams (approximately $12 million). This strategic purchase was approved by both the Competition Council and the Foreign Exchange Office, giving BLS full control over Logiprod, previously owned by RREEF Moroccan Explorer Fund I (MEF I), an investment fund tied to Deutsche Bank.
Spanning 110,000 square meters, including 22,000 square meters of covered facilities, Logiprod is a key logistics hub serving both Moroccan and international giants. Its portfolio of clients includes industry leaders such as Pharma 5, Dislog Group, and Transmed. This acquisition bolsters BLS’s infrastructure network, positioning the company to capitalize on the rapidly growing logistics industry in Morocco.
Anass Moutaoukil, the newly appointed CEO of the rebranded entity “BLS Lkhayta Hub,” highlighted the significance of the deal:
“This acquisition aligns with our vision to establish BLS as a pivotal player in Morocco’s logistics sector. The new hub enhances our territorial presence and boosts our ability to deliver high-performance, client-centered solutions.”
The transaction was financed by Bank of Africa and supported by a network of expert advisors. On the legal front, Hilmi Law Firm handled local compliance matters for BLS, while Spain’s LPA law firm, represented by Romain Berthon, oversaw international legal aspects. Financial advisory services were provided by Boughaleb & Associés, with tax consultation led by Hdid & Associés.
