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22 February 2007 - Gide Loyrette Nouel Casablanca advised Kerzner International Limited on the financing for a tourist resort in Morocco (€ 200 million):
The Gide Loyrette Nouel Casablanca office advised the South-African company Kerzner International Limited on the financing by the Moroccan bank, Banque Centrale Populaire, of the hotel accommodation part of the Mazagan tourist resort (worth around € 200 million).
The Office also advised Kerzner International on all the corporate and real estate aspects of the hotel accommodation part of the transaction.
Kerzner International Limited, which specialises in developing integrated tourist resorts, has been selected to build the Mazagan resort (El Jadida Province). The first hotels are due to open in August 2007.
This tourist resort is one of the six Azur Plan resorts, a major national tourism project, involving the construction and development of six new beach resort sites in Morocco: Sâadia, Mogador, Lixus, Mazagan, Taghazout and Plage Blanche.
The Gide Loyrette Nouel legal team acting for Kerzner International was led by Hicham Naciri, partner, and Thomas Urlacher.
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