M7 Real Estate, the Pan-European investor and asset manager, announced the acquisition of a portfolio of four industrial and logistics assets across France for €80 million ($94 million). The transaction was undertaken on behalf of the European Supply Chain Income Partnership (ESCIP), a Pan-European industrial and logistics investment vehicle backed in a joint venture by M7’s owners Oxford Properties, a leading global real estate investor, developer and manager; and AustralianSuper, Australia’s largest superannuation fund. The portfolio has been acquired from a 90-10 joint-venture formed by PGIM Real Estate’s European Core Plus strategy and Alderan, a leading French real estate management company.
The joint venture was formed through the acquisition by AustralianSuper of a 50 percent stake in Oxford’s €840 million ($984 million) industrial and logistics portfolio and its M7 platform, which was announced in January and formally completed in April. This is the firs
