The fund, known as MCP RE II, will focus on financing commercial and industrial property developments across the country.

The new fund is structured with a 10-year investment horizon and will target land and development opportunities in areas with strong economic growth.

Its strategy centers on projects in the tertiary and industrial real estate segments, including office buildings, logistics facilities, industrial sites and mixed-use developments.

These projects are expected to be located mainly in expanding urban zones or areas close to key business and industrial hubs.

Mediterrania Capital Partners has already made the first move in deploying the fund’s capital.

The firm has secured a development site in the Casa-Anfa district of Casablanca, Morocco’s largest city and main financial center.

The land will be used to build a new office-focused tertiary real estate project, reflecting the growing demand for modern business infrastructure in the city.

Casa-Anfa has become one of the most prominent urban redevelopment areas in Casablanca in recent years.

The district is part of a broader transformation of the city into a regional financial and commercial hub, attracting companies in finance, services and industry that require modern office space and commercial facilities.

According to Othmane Tagmouti, head of real estate at Mediterrania Capital Partners Gestion, the successful first closing of the fund demonstrates continued investor confidence in the firm’s real estate strategy in Morocco.

He noted that many of the same investors who supported the company’s first property fund have backed this new initiative, allowing the firm to continue financing high-potential tertiary and industrial development projects in the country.

Mediterrania Capital Partners is a private equity firm that invests in growth opportunities across Africa, with a particular focus on North Africa.

The firm has built a portfolio spanning sectors such as healthcare, finance, industry and education, and the new real estate fund expands its presence in Morocco’s rapidly evolving property market.