Development For Sale Meknes Ad:985313

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MAD205,023,507

(EUR 19,000,000)

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Development
For Sale
Meknes
Morocco

An office tower and a shopping mall under construction, at the hear of Meknes city
center for sale.

- 10576 m2 of office space over 9 floors with 5 elevators.

- 4190 m2 as a shopping mall over 4 floors.

The shopping mall contains:

- a parking lot in the 2nd basement with a capacity of 42 cars.

- a supermarket of 1180 m2 in the 1st basement.

- a shopping gallery of 858 m2 in the ground floor.

- a food court with a playground for kids of 1076 m2 in the 1st floor.

The office tower is spread over 9 floors with 12 office spaces per floor, a total of 10576
m2. The 3rd ground floor contains a 42 cars parking dedicated only for the offices.

This investment opportunity is not to be missed. It is considered as the most
prestigious location in the city center of Meknes 1 hour from Rabat.

The expected net rental rate of the office spaces is around 9 euros/m2 which makes a
total annual revenue of 1,14 million euros.

The expected net rental rate of the shopping mall is around 8 euros/m2 which will
generate a total annual revenue of 402.240,00 euros.

A total annual revenue of 1.544.448,00 euros which gives a 8,12% Return on Investment
(ROI).

The project is under construction. The project delivery is expected in the second half of
2025.

For more information, please don’t hesitate to contact us.

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