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Sign in Sign up for a FREE subscriptionM7 launches new fund for Germany and Northern Europe
M7 Real Estate has plans to launch a new core-plus to value-added fund for Northern and Central Europe, according to Tomas Daily News International.
The fundraising target is between €300 million and €400 million ($344 million and $459 million). M7 EREIP V will be acquiring office, light industrial and retail properties, specifically in Denmark, Finland, Germany, Ireland and the Netherlands.
The predecessor fund, M7 EREIP IV, closed in November 2017 with €400 million ($459 million). The final raise provided M7 EREIP IV with a total investment capacity of more than €800 million ($917 million).
M7 EREIP IV invests in high-yielding, value-added regional real estate in Scandinavia, Germany, Ireland and the Netherlands. In July 2018, it was reported it was nearing deployment, announcing the acquisition of €175 million ($200 million) of assets. The total portfolio will comprise 14 million square feet across 212 multi-tenant office and industrial ass
