Joint-venture: VLV & PETRA
The subsidiary of Label’Vie, ‘VLV’, which owns 40% of the commercial real estate operated by the retailer, has just created a joint venture with one of Morocco’s leading commercial real estate players, ‘Petra’ (A portfolio of 3 shopping centers and 4 shopping malls). It should be noted that VLV carried out a capital increase in favor of the BERD with the objective of becoming an OPCI that would be a reference in Morocco, taking advantage of the new regulations set in place in Morocco for these organizations.De facto, a real estate company with 27 assets in fifteen cities in Morocco with a rental area of 215,000 m² and more than 480 commercial buildings is born.
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