M7 Real Estate fully deploys first dedicated Polish fund
M7 Real Estate has fully invested its first dedicated Polish investment fund, M7 POLAF, the pan-European investor and asset manager announced on Dec. 2.
M7 POLAF comprises nine office, light industrial and logistics assets totaling 93,536 square meters (1 million square feet) across Poland. According to M7, the fund’s portfolio is 90 percent let.
Investors in the €120 million ($132 million) fund include high-net-worth individuals, family offices and sovereign wealth investors from Europe, Hong Kong and the Middle East.
“A robust local asset management infrastructure has already begun to deliver a number of asset management initiatives in order to stabilize the portfolio with capex allocated to facilitate leasing activity as we actively market vacant space across the portfolio,” said Paul Betts, MD Central Europe at M7.
M7 plans to look for further opportunities to add to its existing assets under management.