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Sign in Sign up for a FREE subscriptionM7 completes €109.1m of sales across the Netherlands
M7 Real Estate has sold 30 properties across the Netherlands, via 26 individual transactions for a total of €109.1 million ($119 million) so far this year to a mix of institutional and local investors.
The assets, totaling 117,300 square meters (1.3 million square feet), comprise 16 offices, 11 retail warehouses, two retail assets and one industrial warehouse.
Since acquiring the assets between 2015 and 2019, M7 has undertaken several asset management initiatives, including letting vacant space as well as regearing leases. This includes the repositioning and reletting of a portfolio of single-let retail warehouse units in 2022 after the departure of the former tenant, repurposing several of the units for industrial and last mile logistics uses to attract a wider pool of occupiers and drive asset value.
The properties have been sold on behalf of M7’s pan-European value add funds, including M7 EREIP IV, M7 EREIP V, and M7 ISLAY, discretionary funds originally
