Like its predecessors, the Fund is targeting value-add, multi-let commercial real estate opportunities in Germany, the Netherlands, Ireland and Scandinavia.
€148 million has already been deployed on behalf of the Fund on initial investments in office, industrial and retail warehouse assets and portfolios. The acquired assets comprise 205,000 sq m of space across 27 properties in Denmark, The Netherlands, Germany and Ireland. M7 has already identified a number of active asset management initiatives to improve the occupancy and performance of the properties while an active pipeline of c. EUR 130 million in potential future acquisitions is also in place.
Richard Croft, M7’s chief executive said:
“This latest fund in our pan-European series demonstrates the continued institutional demand for value-add real estate in these markets across Europe. Drawing upon our expertise in sourcing and executing transactions of this kind, we have been actively deploying the capital raised into a strong pipeline of opportunities and will continue to do so over the coming months.”