M7 Real Estate, on behalf of M7 European Real Estate Investment Partners IV, has sold a light industrial portfolio in the Netherlands to Canadian real estate investor, Dream Industrial REIT for €140 million ($153 million). M7 will be retained as adviser for the portfolio.
The portfolio comprises 31 high-quality light industrial and logistics properties that were acquired by M7 between October 2016 and June 2018 through 12 separate transactions, and it provides significant scale in a highly fragmented market. The total portfolio spans 192,000 square meters (2.1 million square feet) and is 96 percent leased to more than 70 tenants, providing a diversified tenant mix.
The assets are primarily concentrated in the country’s major urban centers, including Amsterdam and Rotterdam, with more than 87 percent of the properties located within 30 kilometers (19 miles) of their respective city centers. Their strategic location means the assets serve as key last-mile distributio
