Itura SC Morocco

Morocco Construction and real estate

We are invested in Itura SC Morocco through Actis Africa Real Estate Fund 3, which is managed by Actis LLP.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

Itura is a $125 million partnership with experienced hotel owner and operator, Westmont Hospitality Group. Westmont has a 30- year track record owning and operating over 1,100 hotels. Westmont will leverage its resources and expertise to lead the management and operational improvement of each of the assets, with investment insight and local input from Actis.

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, North Africa
Countries:
Morocco
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Construction and real estate
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Actis Africa Real Estate Fund 3
Fund Manager:
Actis LLP
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2019
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Morocco

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