M7 Real Estate has fully invested its sixth value add European investment fund, completing €160m of acquisitions in the office and industrial sectors across key regional markets in the Netherlands and Ireland.
The M7 European Real Estate Investment Partners VI fund has built up a portfolio of 20 assets totalling 62,000 sq m (circa 667,000 sq ft) of industrial properties and 73,000 sq m (circa 785,000 sq ft) of offices.
The fund’s equity was raised from global high net worth family offices and institutional investors, with additional acquisition financing secured from Bank of America, BNP Paribas and AIB.
John Pow, director of transactions at M7 Real Estate, said: “We continue to leverage our local platforms to identify attractive investments and mis-priced assets in both the industrial and office sectors, where despite the macroeconomic headwinds, we believe there is a supply demand imbalance and therefore strong occupier demand for well-specified and well-located assets. We are already underway on our asset management plan for the portfolio including the leasing of the remaining office space. Following the successful deployment of the Fund, we are targeting new investments across Europe across the industrial, office, and retail warehouse sectors.
