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Derhem Group Acquires TGCC’s Stake in Casa Témara Development Project

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By: BNN Correspondents
Derhem Group Acquires TGCC’s Stake in Casa Témara Development Project

 

50% Ownership of the Project Now in Derhem Group’s Hands

The Derhem Group has successfully acquired TGCC’s stake in the Casa Témara Development project. This significant acquisition has resulted in Derhem owning half of the project, which has a substantial budget of nearly one billion Dirhams, planned to be utilized over a span of five years. The project’s completion is targeted by 2026.

TGCC Withdraws from the Project

One of the key stakeholders of the Casa Témara Development project, TGCC, has decided to withdraw its participation. This move has resulted in Ivder Invest, in which Derhem Group holds a 50% stake, now owning the entire project. The project has an investment budget that circles around 1 billion Dirhams.

(Read Also: The Moroccan Parliament’s Quest for Tolerance and Sustainability)

Derhem Group Confirms Acquisition

An authoritative source from within the Derhem Group confirmed the acquisition when contacted by Media24. However, specific details regarding the acquisition and the future plans of the project remain undisclosed due to restrictions for premium subscribers.

(Read Also: EBRD Grants €34.5m Loan to Dislog for Steripharma Acquisition and Green Projects)

In Other News: Marrakech’s Guest Houses Remain Unscathed

While the Casa Témara Development project undergoes significant changes, other developments in the region continue. Marrakech’s guest houses have remained intact despite a recent earthquake. Unfortunately, some mountain lodges in the area have been reported to have sustained damage. No further information about the incident has been provided.

Looking Ahead: The Future of the Casa Témara Development Project

With the Derhem Group now holding a significant stake in the Casa Témara Development project, it marks a new chapter for the project. The project, which boasts an investment budget of 1 billion Dirhams, has strong potential to transform the region’s real estate landscape. As the project progresses, it will be worth watching how the Derhem Group’s influence shapes its direction and outcomes.

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