2 Apr 2014

Starwood Capital Group and M7 Launch Joint Venture Focused on Germany and Continental Europe

2nd April 2014 – Starwood Capital Group, a leading private investment firm, and M7 Real Estate Ltd, the specialist industrial asset manager, announced today that they have agreed to form a new joint venture targeting investment in the continental European industrial real estate sectors of up to a capital value of €500 million.

The joint venture between M7 and a controlled affiliate of Starwood Capital, to be called MStar Europe, is the second such joint venture reached between the two companies, following the June 2013 launch of the UK-focused MStar, which to date has acquired 23 assets.

The new vehicle will be focussed on a number of jurisdictions with a primary focus on Germany. The venture is expected to make its first acquisitions by the end of May.

M7 Real Estate has four offices outside of the UK in Poland, Germany, Denmark and the Netherlands and is expecting to open an office in France before the summer.