M7 has raised €175m (£152m) at the first close of its latest European investment fund.
M7 European Real Estate Investment Partners IV has firepower of €400m, reflecting a loan-to value ratio of 56%, which will target value-add multi-let commercial real estate in Germany, the Netherlands, France and Scandinavia.
The company said it has identified a pipeline of opportunities with a total value of €200m.
Richard Croft, chief executive of M7, said: “This latest fund marks an important milestone in the continued expansion of the M7 business. It is both our largest fund raise and underscores the appetite for income focused offerings underpinned by a risk diversified portfolio.”
M7 is planning to open a Finnish office before the end of the year, following its recent expansion into Luxembourg.
From 13 September: M7 promotes Murnaghan
From June: Final close for M7 fund
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