M7 Real Estate, on behalf of M7 French Active Fund (M7 FAF), has acquired four multi-let office and light industrial assets in France for €35.5 million ($40.6 million) in four separate transactions.
These transactions mean that the fund is now fully invested with assets under management of approximately €115 million ($131 million), having raised €60.5 million ($69.2 million) from a broad range of investors based in Asia, the United States and Europe and following a final close in October 2018.
“Since establishing our first dedicated French fund in the middle of last year, we have swiftly deployed the capital raised to create a strong portfolio and are already under way with a number of active asset management initiatives,” said Richard Croft, CEO of M7 Real Estate. “We are now in the process of replicating this model in Poland and Portugal, where we have an established track record in identifying compelling investment opportunities and unlocking value for
