Alpha Property Fund: A 110 Million Dirham Fundraising Initiative Launched by Africa Stone Management
Africa Stone Management Launches Subscription Period for Alpha Property Fund
Africa Stone Management, a management company under the BCP group, has announced the opening of a subscription period for the capital of Alpha Property Fund, a Real Estate Investment Company (REIC). This operation targets a funding goal of 110,000,200 dirhams and aligns with the ongoing development of Morocco’s institutional real estate market.
The cash subscription period is set to run from June 24 to June 29, 2026, exclusively reserved for eligible investors.
A Regulated Operation for Institutional Investors
The subscription to the capital of Alpha Property Fund is strictly governed by the management regulations and informational documents of the REIC. It is designed for investors who meet specific eligibility criteria.
Subscription orders must be submitted to Africa Stone Management by 12:00 PM on the final day of the subscription period, in accordance with the operational framework established.
A Valuation Based on Exceptional Net Asset Value
The operation will also establish an exceptional net asset value for Alpha Property Fund, set for July 6, 2026.
This valuation will serve as a reference for subscriptions and will help determine the share prices, which may also include subscription fees, if applicable.
Financing for a Targeted Real Estate Project
The primary objective of this fundraising effort is to finance the acquisition of a real estate asset that aligns with Alpha Property Fund’s investment strategy.
At this stage, no information has been disclosed regarding the nature, location, or value of the asset in question; however, this operation clearly fits into a targeted and structured investment approach.
Subscription Procedures and Share Allocation
Subscriptions will be executed based on the first net asset value established after the closing of the centralization period.
Share allocation will be conducted within the limit of the targeted amount of 110 million dirhams, according to the rules defined by the management regulations of the REIC.
A Financial Real Estate Market in Development
This operation illustrates the gradual development of real estate investment vehicles in Morocco, particularly through REICs, which enable the channeling of institutional savings into structured real estate assets.
It also reaffirms the growing interest among investors in regulated and structured real estate products within a context of financial diversification.
