London, 4 January 2018 - M7 Real Estate, the pan-European investor and asset manager, announces that it has undertaken its first investment in Denmark on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), acquiring 10 logistics assets for a total of €69.8 million. The acquisitions follow the Fund’s final close which was announced in November 2017 taking funds raised to circa €400 million, making it M7’s largest fund to date. The Fund has a total investment capacity of over €800 million, including gearing, of which approximately €600 million has now been deployed.
The newly acquired assets, which comprise circa 117,000 sq m in total, are fully let to 11 tenants with an average lease length of circa six years and are strategically located close to the motorway network around Greater Copenhagen, on the island of Funen and the Jutland peninsula (the Triangle region incorporating the three cities of Kolding, Vejle and Fredericia). The majority of the assets are single let and have been acquired through sale and leaseback structures.
David Ebbrell, M7’s Chief Investment Officer, commented: “These acquisitions in Denmark provide the Fund with additional geographical diversity whilst strengthening the income profile of the fund. The transactions continue to underpin M7’s strategy to position EREIP IV as an attractive income-focussed fund.” M7
EREIP IV targets regional value-add commercial real estate opportunities in Germany, the Netherlands and Scandinavia which are sourced and managed by M7, through its pan-European platform.