M7 Real Estate, the pan-European real estate investor and asset manager, has held a €30 million ($36 million) first close for its first dedicated French fund, M7 French Active Fund.
The fund received investor commitments from high-net-worth, family office and institutional investors based in Asia, the United States and Europe. A second close is expected during the next quarter.
In addition, M7 has made an initial acquisition of a portfolio of 23 assets in Greater Paris for €60.15 million ($72 million).
M7 FAF will target high-yielding regional real estate in core regions of France, including Greater Paris, Marseille and Lyon. Investments will be focused primarily on assets occupied by small and medium-sized enterprises. The fund will be managed by M7 with asset management services provided by M7’s French business, based in Paris.
The seed portfolio, which comprises multi- and single-let urban logistics assets (43 percent) and business parks (57 perc
