Buildings & Logistic Services (BLS), a subsidiary of H&S Invest Holding, has announced the acquisition of the Logiprod logistics platform in the Lkhayata region for MAD 125 million. This transaction, approved by the Competition Council and the Exchange Office, marks a significant step in BLS's expansion strategy. Logiprod's facility, which encompasses 110,000 m² of floor space, including 22,000 m² of covered space, serves prominent clients such as Pharma 5, Dislog Group, and Transmed. The Deutsche Bank-affiliated RREEF Moroccan Explorer Fund I (MEF I) has sold its entire stake to BLS. Anass Moutaoukil, appointed CEO of the newly named BLS Lkhyayta Hub, emphasized that this acquisition «strengthens our territorial coverage and our ability to offer solutions tailored to our customers' needs». The acquisition was financed by a loan from Bank Of Africa and involved several advisory firms: Hilmi Law Firm for Moroccan legal matters, Boughaleb & Associés for financial advice, Hdid & Associés for tax consultation, and LPA for Spanish legal services. Operating in 12 cities and managing 450,000 m² of assets, BLS boasts a diversified portfolio that includes warehousing, transport, freight, co-packing, and asset management. Supported by investors such as STOA and IFC (World Bank), the group is focusing on innovation and sustainability to solidify its position as a Full Logistic Service Provider. With capital of MAD 1 billion, RREEF MEF I, managed by Deutsche Bank's real estate arm, reaffirms its role in developing strategic infrastructure in Morocco.
