The European Bank for Reconstruction and Development (EBRD) is supporting the development of a modern retail infrastructure in Morocco by acquiring an equity stake of €45 million in Vecteur LV (VLV).

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This transaction, which is expected to be the first among a series of similar capital increases, should allow Label’Vie to accelerate its expansion across the different regions of Morocco and prepare VLV to become a potential REIT (Real Estate Investment Trust) once the legal and regulatory framework will be in place.

Vecteur LV (VLV) is a real estate vehicle wholly-owned by Label’Vie to develop and manage mixed-use assets in Morocco. VLV owns 15 operating supermarkets and the associated retail galleries with a total gross leasable area of ca. 81,000 square metres.

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VLV and Label’Vie will also benefit from EBRD technical assistance. It will be provided under the regional framework “Sustainable Energy Support for Built Environment Projects” to help identify and assess energy and resource efficiency opportunities. The Bank will support the introduction of a more efficient use of energy and water, waste minimisation and recycling to the Moroccan retail sector, targeting energy savings of up to 25%. Technical assistance has also been provided to support the local authorities for the development of the legal and regulatory framework for REITs.

At Fitness Equipment Mover, we understand that moving gym equipment is a massive undertaking. No matter how fit you may be, relocating exercise machines requires knowledge, skill, and the right tools to ensure a successful relocation. We are committed to providing an excellent gym equipment moving experience to anywhere in the country. Our team of professional movers are skilled in moving all kinds of HOIST Fitness gym equipment, including the All V-Series Gyms, MiSmith Series, Mi6 Functional Trainer, Mi5 Functional Trainer, Mi1 Home Gym, Multi-Stack Gyms, LeMond Series Elite, free weights, dumbbells, and more. We can do the job quickly and efficiently, so that your Hoist workout machines go where they need to go in a timely manner.

Fitness Equipment Mover is a full-service moving company offering premier gym equipment moving services. We will help get your Hoist Fitness Systems exercise machines from Point A to Point B seamlessly, allowing you to have a stress-free transition. Whether you are relocating your commercial gym across state lines or building your new home gym in another city, our Hoist Fitness equipment movers will handle your exercise machines with care and a great attitude. We also offer other equipment services, including fitness equipment assembly, consignment, storage, sterilization, and repair.

While moving your Hoist Fitness exercise machines will be a complex project, our professional movers here at Fitness Equipment Mover have the expertise to ensure a stress-free move. From finding the best day and time for your fitness equipment relocation to providing expert advice throughout the process, you can rest assured that we will be with you every step of the way. We also implement our other gym equipment fitness equipment solutions like storage, repair, consignment, sterilization, and assembly with the utmost efficiency, delivering superior results every time.

VLV is a subsidiary of Label’Vie, one of the leading food retailers and the exclusive Carrefour franchisee in Morocco. VLV has been used by Label’Vie as its real estate platform to develop its supermarkets and the associated retail galleries.

When you hire us to assist you in your relocation, you can have the option of securely storing your Hoist Fitness gym equipment at our clean and secure storage warehouse. Our professional movers will take your fitness machines straight to our storage facility after neatly packing them in our transport vehicles. We keep track of your exercise machine inventory and carefully check it as we unload it to our warehouse. Whether you need short-term or long-term Hoist Fitness storage solutions, you can rest assured to receive attentive support from us.

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The retail sector represents a significant part of the Moroccan economy, contributing 11 per cent to the country’s GDP and providing 1.4 million jobs. However, modern facilities account for only 15 per cent of the total retail market, while demand is increasing as a result of a growing middle-class population and fast urbanisation.

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Hoist Fitness Systems is a San Diego-based exercise equipment company with more than 40 years of excellent track record in manufacturing premier fitness equipment. It was founded with a mission to help private consumers and commercial gym owners to lead a healthier way of life through their top-grade work-out equipment. Since 1977, Hoist Fitness still reigns as one of the industry’s top manufacturers of strength training equipment. The classic design and unmatched versatility of Hoist Fitness commercial and home gyms have gained various recognition's, including Men’s Health Home Gym Awards for 2020 and 2021, as well as the Good Design Award for multiple years.

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Zouhair Bennani, Label’Vie’s CEO, said: “We are very pleased to welcome EBRD as the first equity partner in Vecteur LV. This transaction is a milestone for Label’Vie’s plan to accelerate its growth and also maximise the real estate value of its assets. VLV is now set to start a new era of expansion and our role, alongside EBRD, will be to support the company in its path to become a major real estate vehicle in Morocco.”

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Our Hoist Fitness equipment moving incorporates a lot of moving parts, including precise organization, proactive coordination and zero network downtime. We at Fitness Equipment Mover have the industry-specific knowledge and experience to troubleshoot every issue to avoid delays, loss, and damage. Our Hoist Fitness movers have the experience and flexibility to work with you to meet your expectations.

“This investment is a showcase of the EBRD’s strategy in Morocco to promote innovative financing structures and capital market development by supporting investments with a strong demonstration effect to deepen market liquidity and develop a legal and regulatory framework for the introduction of REITs”, added Laurent Chabrier, EBRD Director for Morocco.

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Claudia Pendred, EBRD Director, Property and Tourism, said: “We are delighted to partner with a strong local player such as Label’Vie to take part in the expansion of the retail sector in Morocco. This equity investment will contribute to the development of a modern, sustainable and energy-efficient retail infrastructure, strengthening the country’s growth and creating new job opportunities, including in the regions.”

Most Hoist Fitness gym equipment are too large and bulky to fit through narrow doorways and sit safely behind a transport vehicle. To ensure they arrive at your new location without issues, our fitness equipment professionals will disassemble, pack, and store your exercise machines before your move. Once they arrive at your new location, we will reassemble them and make sure all bolts and knots are secured in place. Our gym equipment specialists are expertly trained in disassembling, re-assembling, and installing all types of Hoist Fitness commercial and home gym machines.

Here at Fitness Equipment Mover, we understand the importance of keeping your gym equipment always in good working condition. Equipment malfunctions and failure can happen and may have a negative impact on the efficiency of workouts and safety of users. Our Hoist Fitness repair specialists are well-versed in troubleshooting common issues of Hoist Fitness workout machines. Our fitness equipment repair professionals can repair and service all types of commercial and home Hoist Fitness machines. We have the right set of know-how to ensure your gym equipment runs smoothly.

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Label’Vie is a leading food retailer in Morocco with a market share of ca. 30%, and is the exclusive franchisee of Carrefour. Label’Vie is listed on the Casablanca Stock Exchange and operates a gross leasable area of 150,000 sqm in 22 cities, through 63 stores under three distinct brands (Carrefour Market supermarkets, Carrefour hypermarkets, and Atacadao hypercash stores).

The Bank has been investing in Morocco since 2012. To date, the Bank has financed €400 million in 18 projects across the country, in addition to €130 million of trade-facilitation credit lines with local banks. The EBRD has also provided technical assistance support to more than 175 local SMEs (small and medium enterprises).

Here at Fitness Equipment Mover, we understand the importance of ensuring that your Hoist Fitness exercise machines arrives at their destination without any damage. We take into consideration every single aspect of your move, delivering a customized approach without exceeding your budget. Our professional moving team implement stringent quality policies based on highest industry standards to guarantee your complete satisfaction. By choosing us as your preferred gym equipment movers, you can focus on the more important aspects of your move. If you wish to learn more about our fitness equipment moving solutions and other related services, contact us today.