M7 Real Estate, the pan-European investor and asset manager, has acquired of Raiffeisenstrasse 5–7, a high-quality last-mile urban logistics asset in Frankfurt, Germany.
Constructed in 2015, the asset comprises 19,000 square meters (204,500 square feet) of space built to a high specification across 10 units, which are currently 100 percent occupied by seven tenants including Volkswagen and BorgWarner with a weighted average unexpired lease term of 2.3 years, presenting an attractive opportunity to capture reversionary potential. M7 plans to create value through a sustainability-led refurbishment of Raiffeisenstrasse 5–7, including the installation of solar panels.
This acquisition has been undertaken on behalf of the European Supply Chain Income Partnership (ESCIP), a pan-European industrial and logistics investment vehicle backed in joint venture by M7’s owners Oxford Properties, a leading global real estate investor, developer and manager, and AustralianSuper,
