Anfa Place Shopping Center has been acquired by Grit Real Estate Income Group

Inveravante has sold Anfa Place Shopping Center to Grit Real Estate Income Group.

Anfa Place Shopping Center is part of the Anfa Place Living Resort, a multi-module concept designed by Foster & Partners on 9.8 hectares of land on the seafront of Casablanca’s most prestigious district. The shopping center is composed of 31,000 sqm of shops, restaurants and leisure activities.

Grit is a real estate income group that generates superior Euro and US Dollar yields for investors by investing in a diversified real estate portfolio across the African continent and the Indian Ocean Islands (excluding South Africa), anchored by blue-chip, international tenants. Grit is listed in London, Johannesburg and Mauritius.

Founded in A Coruña, Spain, in 2007, Inveravante is a private, family-owned corporation with a strong international vocation. Inveravante’s corporate philosophy is rooted in a strategic vision of the global economy. Its main business divisions are real estate, hotels, energy, and fine food and agricultural products. Inveravante is present in Spain, Morocco, Mexico, Brazil, Panama and Romania and its activity generates more than 800 direct jobs.

Oaklins’ team in Morocco advised the seller in this transaction.