Fundraising - JUNE 9, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

M7 Real Estate fund holds €125m final close

by Andrea Waitrovich

M7 Real Estate has announced the final close of its third European investment fund, M7 European Real Estate Investment Partners III, raising €125 million ($142 million) in equity commitments. With leverage, the fund will have a gross acquisition capacity of approximately €300 million ($340 million).

M7 EREIP III is the firm’s largest fund to date, raising capital from third-party U.S. and Asian investors. Simultaneously, M7 acquired a portfolio of seven industrial assets for the fund for €34.85 million ($39.48 million), reflecting a net initial yield of 9.74 percent.

The 750,374 square-foot Zenith Industrial Portfolio was acquired from a joint venture managed by Goldman Sachs and Valad Europe and comprises seven assets across the Netherlands. These include both distribution assets and multi-tenant light industrial properties across a series of strong industrial locations, including Amersfoort, Hoofdorp, Delfgauw and Schiedam. 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy