Societe Generale Morocco and Yamed Capital announced, on January 15, 2020, the creation of a joint venture called "Nema Capital", a joint management company for Collective Investment Schemes in Real Estate (OPCI) already approved by the Authority Moroccan capital market.

Through this new instrument, the two players intend "to contribute, each in their area of expertise, to the creation of a leading offer on the new OPCI market which has just emerged in the country", indicates an official statement.

Held in equal shares by Societe Generale Morocco and Yamed Capital, Nema Capital will have to rely, in fact, on "the know-how" of the first "in terms of collective management of savings and its ability to distribute to customers. “, while the second will intervene “in the structuring, management and valuation of all classes of real estate assets, through its control of the entire real estate value creation chain”. "The complementarity of the expertise of the two actors will allow a real understanding of the issues related to this new financial product and a control of the risks inherent in the real estate market", according to the two Moroccan entities.

Launched in 2013, Yamed Capital claims the rank of the leading independent and multidisciplinary group of real estate services and investments in Morocco, with skills in the real estate business through its subsidiaries and service lines. Through the creation of this management company, the group is thus strengthening its positions in a market where the increase in the urban population between 2020 and 2025 will increase pressure on the housing market over the course of these five years, according to a study. relating to housing policy in the country.

"Yamed Capital and Société Générale Maroc wish to offer a new product at the service of investors, companies and savers, which will benefit from a regulated investment framework, improved liquidity (facility of investment and disinvestment in the real estate sector) , privileged access offered to both the general public and institutional investors to the rental property investment market and an advantageous tax regime”, according to the Société Générale press release.