M7 Real Estate, the pan European investor and asset manager, earlier announced that it has acquired approximately €213 million of assets in Finland, Germany and the Netherlands, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”). These are the first acquisitions for the Fund, which at its first close, earlier in September 2016 received capital commitments totaling over €175 million, giving a total investment capacity in excess of €400 million.

Savills recently conducted the technical due diligence for 3 portfolios in the Netherlands, comprising 24 assets totaling approximately 89,000 sq m. The portfolios consist of logistics and office properties.

Richard Croft, M7’s Chief Executive, said “We held the first close of EREIP IV at the end of September and, having achieved a total investment capacity of over €400 million, these acquisitions are a strong endorsement of M7’s continued ability to raise capital and utilise our pan-European platform to quickly deploy funds into attractive, income producing investments across multiple sectors and geographies, where we see an opportunity to add value through asset management. Having put our first tranche of investor capital to work, we expect to have senior debt in place shortly to enable a second phase of acquisitions and will then be following this up with a further equity close later in Q4 2016.”

Marc van Niekerken, director Building & Project Consultancy at Savills Netherlands, said:
"We are proud to have advised M7 Real Estate on this deal, which are the fund's first purchases in the Netherlands, and underline its long-term interest in the Dutch market. The long-term relationship that we have built with M7 Real Estate enables us to provide optimal advice on this type of transactions."