M7: New European fund buys for €280mn
M7 has raised €65mn in commitments for its fifth European investment fund, “M7 Real Estate Investment Partners V” (aka M7 Ereip V). The 25 investors include high-net-worth private investors, family offices and sovereign wealth funds from Europe, Hong Kong and the Middle East. Including leverage, the fund will have an investment capacity of €280mn, about a quarter of which will be invested in Germany. Much like its predecessor funds, purchasing focus will be on multi-tenant commercial real estate with value-add potential. €148mn has already been invested in office and industrial properties, retail parks and portfolios. The 27 assets are located in Denmark, the Netherlands, Germany and Ireland and total 205,000 sqm. There is also currently a pipeline of around €130mn in potential acquisitions.
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