M7 raises €65 million for new pan-European value add fund

6 March 2019

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.”

M7 sells Liget Centre in Hungary

9 May 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold the Liget Centre, a grade A multi-let office building in Budapest, Hungary, on behalf of M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”) to WINGHOLDING Zrt. (“WING”), the leading property development and investment company in Hungary. read more

M7 acquires prominent Scottish industrial estate for new Middle Eastern separate account mandate

8 May 2019

M7 Real Estate (“M7”), the pan European investor and asset manager, announces the acquisition of Tweedbank Industrial Estate, the largest industrial estate in the Scottish Borders, on behalf of a new separate account mandate for a Middle Eastern sovereign wealth investor. The asset was acquired from funds managed by Catalyst Capital for £4.57 million, reflecting an initial yield of 8.62% and a capital value of £39 per sq ft. read more