Buildings & Logistic Services (BLS) has finalized the acquisition of 100% of the Logiprod logistics platform in the Lkhayata region for a sum exceeding 125 million dirhams. The transaction, approved by the Competition Council and the Foreign Exchange Office, includes a land area of 110,000 m2, with 22,000 m2 of covered facilities. Logiprod serves major clients such as Pharma 5, Dislog Group, and Transmed. The prestigious investment fund RREEF Moroccan Explorer Fund I (MEF I), a Luxembourg-based entity affiliated with Deutsche Bank specializing in real estate asset management, has sold its entire stake in Logiprod to BLS. Following this acquisition, Anass Moutaoukil has been appointed CEO of the newly rebranded BLS Lkhayata Hub. "This acquisition aligns with our ambition to position BLS as a key player in Morocco's logistics sector. The new hub strengthens our national presence and enhances our ability to offer high-performance, tailored solutions to our clients," he stated.
The transaction was financed through a loan from Bank of Africa and was advised by multiple firms: Hilmi Law Firm handled the legal aspects in Morocco, Boughaleb & Associés managed financial advisory, and Hdid & Associés provided tax consultancy. On the Spanish side, legal counsel was provided by LPA Law Firm, represented by Romain Berthon. Founded in 2011, BLS is a subsidiary of H&S Invest Holding, a partner of the investment funds STOA and IFC (a member of the World Bank Group). With operations in 12 Moroccan cities, BLS manages 450,000 m2 of logistics assets and has a storage capacity of 250,000 pallet positions, with strategic hubs in Casablanca, Mohammedia, Rabat-Salé, Agadir, Marrakech, Fès, and Tétouan. As a Full Logistic Service Provider, BLS offers solutions in warehousing and contract logistics (3PL), transport and distribution, freight and customs clearance, co-packing and product enhancement, and logistics asset management. With a strong commitment to sustainability and innovation, BLS aims to drive operational excellence while respecting environmental and social standards. RREEF Moroccan Explorer Fund I (MEF I) is a real estate investment fund exclusively focused on Morocco, with an equity capital of 1 billion dirhams. It is managed by RREEF, Deutsche Bank's real estate asset management division.
