M7 Real Estate has raised €65m (£56m) for its fifth European investment fund.
In total, the firm received equity commitments from 25 investors including high-net-worth individuals, family offices, and sovereign wealth from Europe, Hong Kong and the Middle East
M7 Real Estate Investment Partners V will have a total investment capacity of more than €280m.
Like its predecessors, the fund is targeting value-add, multi-let commercial real estate opportunities in Germany, the Netherlands, Ireland and Scandinavia.
€148m has already been deployed on behalf of the fund on initial investments in office, industrial and retail warehouse assets and portfolios. The acquired assets total 205,000 sq m of space across 27 properties in Denmark, the Netherlands, Germany and Ireland. A pipeline of around €130mn in potential future acquisitions is also in place.
Richard Croft, M7’s chief executive, said: “This latest fund in our pan-European series demonstrates the continued institutional demand for value-add real estate in these markets across Europe. Drawing on our expertise in sourcing and executing transactions of this kind, we have been actively deploying the capital raised into a strong pipeline of opportunities and will continue to do so over the coming months.”
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