M7 Real Estate deploys capital for M7 CEREF II

M7 Real Estate has fully deployed capital raised on behalf of its value-add fund M7 CEREF II, the firm announced Oct. 25.

Launched last year, M7 CEREF II will target logistics and office investments in key Central European markets.

M7 CEREF II will close with a portfolio of nine logistics and office assets, acquired for €91 million ($80 million), located in Poland, Hungary and Croatia. The final acquisition is Pallag 43, a 11,152-square-meter (120,039-square-foot) last-mile logistics asset in north Budapest, acquired from a private investor for €9.6 million ($11.2 million). Pallag 43 is fully leased to Autonet, a multi-national supplier of automotive parts. M7 said the asset is well placed to benefit from the favorable occupier dynamics in the Hungarian logistics market.

“We are very pleased to have assembled an attractive portfolio of logistics and office investments across Central Europe with upside potential,” said David Ebbrell, CEO of M7. “Our tea