M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has received equity commitments from 25 investors including high-net worth investors, family offices, and sovereign wealth from Europe, Hong Kong and the Middle East for c. €65 million in a first close for its fifth European investment fund, M7 Real Estate Investment Partners V (“M7 EREIP V” or the “Fund). Including leverage the Fund will have a total investment capacity of over €280 million.
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. €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.”