M7 increases AuM in Germany by one third to €1.8bn
M7 Real Estate increased its assets under management in Germany last year by 30 % to €1.76bn. In total, the specialist for multi-let properties manages 240 German properties with total lettable space of roughly 2.7 million sqm. By late 2017, those figures were still at 190 properties with 2.3 million sqm. The British firm bought assets in Germany for €248mn and sold €82mn worth of property. The number of leases grew by 50 % to 308, newly leased and extended spaces increased from 311,000 sqm in 2017 to 466,000 sqm.
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