M7 Real Estate has acquired a portfolio of 31 urban infill and mid-box logistics assets across key markets in France and the UK for an undisclosed price.
The acquisition was made through the European Supply Chain Investment Partnership (ESCIP) joint venture, which now owns and manages more than 12m sq ft, across 116 prime European logistics assets.
The newly acquired portfolio, which was managed by Mileway while under the ownership of funds managed by Blackstone, comprises approximately 2.4m sq ft of logistics space, with assets strategically located in Manchester, Leeds, Milton Keynes, Paris and Lyon.
David Ebbrell, CEO of M7 Real Estate, which is jointly owned by Oxford Properties Group and AustralianSuper, said: “With this acquisition we have secured a high quality portfolio of well-located logistics assets into ESCIP which add significant scale and income to the portfolio. Our local teams will undertake a number of value accretive asset management opportunities that we have identified to continue to enhance the portfolio. We are proud of the €600m we have deployed in 2025. We intend to carry this momentum through 2026 and continue to progress with the pipeline of further opportunities we have assembled for ESCIP.”
Alicia Peters, vice president of Oxford Properties, added: “This transaction demonstrates our continued conviction in the resilience and long-term growth of the European logistics sector. By acquiring a portfolio of scale in supply-constrained urban markets, we have grown our portfolio to over 12m sq ft and €1.4bn by value. The M7 team is well-positioned to deliver attractive returns through active asset management and support the continued expansion of our pan-European strategy by sourcing strong investment opportunities.”
Matthew Fidge, investment director at AustralianSuper, said: “Our partnership with Oxford and M7 continues to deepen, and this strategic acquisition is the latest example of the quality of investments this partnership can deliver for AustralianSuper’s members. The portfolio’s location in key target markets, asset quality and growth potential are well aligned with our shared strategy for ESCIP.”
