4 March 2019 – Richard D. K. Turner
M7 Real Estate (“M7”), a European investor and asset management firm, announced that its M7 Portuguese Active Fund (“M7 PORAF”) had acquired 16 assets across Portugal for €55.7 million.
The acquisitions consist of multi and single-let urban logistics assets (48%), office and business parks (22%) and retail parks (30%). Total occupancy currently stands at 87.8%, with 41 different tenants occupying 100,993 square meters of space. M7 aims to add value by improving occupancy rates through active asset management, selective capital expenditure and updated marketing initiatives. Most of the assets (14) are located close to the capital of Lisbon and Porto, while the remaining two assets are located in central Portugal.
SRS acted as legal advisor, Savills Portugal as technical advisor and Ambiente as environmental advisor for M7.
Original Story: M7 Real Estate