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M7 Real Estate acquires EUR140m of assets for EREIP IV

M7 Real Estate (M7) has recently completed the acquisition of EUR140 million of assets on behalf of M7 European Real Estate Investment Partners IV (M7 EREIP IV), its largest fund to date, with a further EUR35 million of assets expected to complete over the summer. 

These acquisitions comprise 68 assets and are being acquired through a combination of portfolio and individual transactions and total 331,000 sq m across Denmark, Germany and the Netherlands.  
The Fund’s final close was in November 2017 which saw a total of EUR400 million raised from a broad investor base, including from the US, Hong Kong and Middle East. These final acquisitions will result in a total AUM for the Fund of approximately EUR800 million invested in high yielding, value-add regional real estate in Scandinavia, Germany, The Republic of Ireland and the Netherlands. 
The total portfolio, which will be managed by M7 through its pan-European platform, will comprise 1.3 million sq m across 212 multi-let office and industrial assets with a weighted average lease term of 4.2 years and a vacancy of 17.1 per cent. M7 has identified a number of asset management initiatives to improve the occupancy, performance and value of the portfolio.
Richard Croft, Chief Executive of M7 Real Estate, says: “Fully investing M7’s largest fund to date will mark a major milestone for us. Since completing the Fund’s final close, M7 has demonstrated its capability to leverage its pan-European investment and asset management platform to successfully deploy investor capital into an identified pipeline of income producing, value-add real estate. The portfolio presents a compelling opportunity to add value and generate attractive returns for our investors by applying our asset management expertise.”

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