14 December 2020 – Canada’s Oxford Properties is offering to pay 5.3 billion euros to acquire the asset manager M7 Real Estate. The total corresponds to the most recent valuation of the 830-asset portfolio.
The properties, which are located in the United Kingdom and 12 other European countries, have a total surface area of 67.5 million square metres.
M7s portfolio in Portugal is worth more than 175 million euros and consists of 35 assets, according to data revealed at the end of September by the company. The properties are mainly located in Lisbon (65%) and Porto (25%).
Original Story: Vida Imobiliária – Vanessa Sousa
Translation/Summary: Richard Turner