1 Oct 2018

M7 increases co-operation with Maskun Kalustetalo Ltd and is now fully let in Porvoo

Helsinki, 1 October 2018 – M7 Real Estate (“M7”), the pan-European real estate investor and asset manager has, on behalf of M7 Real Estate European Investments Partners IV fund (“M7 EREIP IV”), signed a lease for 1,301 sq m of retail space with Maskun Kalustetalo Ltd (“Masku”) at Ratsumestarinkatu 5, Porvoo. M7 and Masku have previously co-operated when Masku opened a large store in Mäkikuumolantie 3, Hyvinkää earlier this year.

Following this letting, retail properties Ratsumestarinkatu 5 and 7, owned by M7 EREIP IV, are now fully let. Other tenants include Motonet Ltd and Hong Kong Suomi Ltd.

M7 EREIP IV is an M7 discretionary fund, set up for global family office and high net worth investors. The fund is fully invested in circa €860 million of multi-let, high yielding commercial real estate assets across Germany, the Netherlands, France, Ireland and Scandinavia.

Maskun Kalustetalo Ltd is a private owned domestic family company that has been operating in the furniture sector since 1983. There are 45 Masku stores in Finland and two in Estonia. The company has an online shop www.masku.com and also Finnlandia furniture chain. The company employs more than 300 people.