CMR obtains its first OPCI authorization

The Moroccan Pension Fund (CMR) has just approved, on September 23, by the Moroccan Capital Market Authority (AMMC), its first draft regulation for the management of an SPI-RFA called “CMR O Stone”.

As part of the extension of CMR’s investment strategy in the real estate class started in 2019, the management of this SPI-RFA (real estate investment company with lightened operating rules) will be ensured by the company of management of OPCI “REIM Partners” approved by the AMMC on August 31, 2020, CMR said in a press release.

The same source specifies that this transfer of management will allow CMR to further optimize the profitability of its investments and possibly seize new investment opportunities in the real estate sector. CMR plans to create five other OPCIs to house real estate assets acquired from the State between 2019 and 2020 as part of innovative financing operations, the press release concluded.

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