28 Nov 2019
M7 POLAF fully invested following €11 million of transactions
M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has fully invested its first dedicated Polish investment fund, M7 POLAF (“M7 POLAF” or the “Fund”).
The Fund comprises nine office, light industrial and logistics assets totalling 93,536 sq m across Poland. The Fund’s portfolio has a total value in excess of €120 million and is 90% let with a WALT of 3 years.
The Fund’s investors include high net worth individuals, family offices and sovereign wealth investors from Europe, Hong Kong and the Middle East.
Paul Betts, MD Central Europe at M7 commented: “We are very pleased to have fully invested the capital raised on behalf of our first dedicated Polish fund. A robust local asset management infrastructure has already begun to deliver a number of asset management initiatives in order to stabilise the portfolio with capex allocated to facilitate leasing activity as we actively market vacant space across the portfolio.”
Katarzyna Parkot, MD Poland at M7 added: “To have completed the investment phase of the Fund with the acquisition of Nova Kamienica in Krakow is an important milestone. We continue to look for further opportunities to add to our existing assets under management.”