24 Nov 2017
M7 closes its largest fund, M7 EREIP IV, raising €400 million
London, 24 November 2017 – M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has completed the final close of its fourth European investment fund M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”). The Fund has total capital commitments of €400 million raised from a wide investor base. With over 30 investors, M7 has broadened its investor base which includes two major US investors and a number from other jurisdictions including Hong Kong and the Middle East.
The final raise provides M7 EREIP IV, M7’s largest fund to date, with a total investment capacity of over €800 million, including gearing, of which over €500 million has already been acquired. In addition, the Fund has identified a strong pipeline of circa €250 million of assets and it will continue to target value-add, multi-let commercial real estate opportunities in Germany, the Netherlands, France and Scandinavia which are sourced and managed by M7, through its pan-European platform. It is anticipated that the Fund will be fully invested by the beginning of 2018.
Richard Croft, M7’s Chief Executive said: “This is M7’s largest fund so far and we have successfully continued to raise investor capital from a number of sources which demonstrates their belief in M7’s strategy and execution. The capital is being actively deployed and we have a number of asset management initiatives underway which will deliver value and attractive investment returns for our investors.”