Immorente Invest, a Moroccan firm specializing in the management of real estate assets for rental, plans acquisitions ranging from 150 to 200 million dirhams during this year 2019.
Indeed, during the previous year, the firm managed to mobilize 400 million dirhams on the stock market and invested nearly 179 million. Its net profit rose from 5.5 billion dirhams at the end of 2017 to 14.2 billion dirhams at the end of 2018, according to figures presented by the first stone-paper vehicle listed on the Casablanca Stock Exchange.
“By 2019, we should acquire real estate assets to expand our fleet for an investment amount between 150 million DH and 200 million DH. This will especially support the sustainability of our business model, “said Soumaya Tazi, the CEO of the structure.
Immorente Invest is a company present on assets in industry, logistics and office in major cities of Morocco, including Casablanca and Rabat.