19 Jan 2017

M7 grows AUM across its pan-European platform by 35% to c. €2.4 billion during 2016

London, 19 January 2017 – M7 Real Estate (“M7”), the pan-European investor and asset manager specialised in the pan-European, regional, multi-let real estate market, announces that it has grown its assets under management by 35% to a total of c.€2.4 billion, cementing its position as one of the fastest growing pan-European real estate investment and asset managers.

During the year, M7 also raised circa €430 million of new investor capital from institutional, family office and high net worth investors.

Following this, M7 now manages 635 properties across its pan-European platform of 15 offices in 13 countries, which has expanded to include Croatia, Finland, Hungary, Luxembourg and Slovakia. Staff numbers grew by 25% and the team now comprises over 130.

M7 launched four new funds during 2016:

  • M7 Real Estate Investment Partners V (“REIP V”) was set up to acquire the Omega Portfolio in the UK in what was M7’s largest single acquisition at the time of approximately £130 million.
  • M7 Central European Real Estate Fund I (“M7 CEREF I”), the first fund focused on Central Europe which raised €35 million at its first close and is targeting both core plus assets with the opportunity for value growth through active management together with high yielding value add assets, across Croatia, Czech Republic, Hungary, Poland and Slovakia.
  • M7 European Real Estate Investment Partners IV (“M7 EREIP IV”), which was launched with a capital raise of €230 million and is targeting multi-let, high yielding commercial real assets across Germany, the Netherlands, the Nordics, Ireland and possibly France and has so far invested over €265 million.
  • M7 Real Estate Investment Partners VI (“M7 REIP VI”), which targets multi-let, high yielding secondary real estate assets in the UK, had its first close just before the year end and has acquired two assets for £7.1 million.

M7 entered into a second JV with H.I.G. Capital, to acquire a €100 million Danish mixed portfolio from Danske Bank. In addition, M7 received its first mandate from Macquarie Infrastructure and Real Assets (“MIRA”) to manage the Vector portfolio of logistics and light industrial assets in the Czech Republic and Slovakia, representing both M7 and MIRA’s entry into the CE region.

M7 has continued this momentum into 2017 through the formation of Onyx, a new joint venture with Blackstone, targeting urban logistics assets across Northern Europe and Central Europe. Onyx’s first acquisition was a portfolio of French light industrial assets in France for circa €112.5 million.