M7 Real Estate has assembled just over a £300 million (€330 million/$411 million) portfolio of 19 retail warehouses following the full deployment of capital raised across its M7 Box+ I and M7 Box+ II funds. Both funds, which were launched in the second half 2020, focus on carefully selected U.K. retail warehouses with potential for future rental and capital growth, through asset management and an anticipated re-pricing of the asset class as the logistics function of these properties in the last mile delivery chain grows.
A total of £130 million (€147 million/$178 million) of equity was raised across the two funds, derived from a mix of global high-net-worth, family office and institutional investors, while M7 also established new borrowing relationships on behalf of the funds with Aberdeen Standard Investments and Apollo. A loan facility of £26.15 million (€29.63 million/$35.82 million) was agreed with Aberdeen Standard Investments for M7 Box+ I and £137.8 million (
