M7 Real Estate has launched a joint venture with a US investment manager and opened a Lisbon office.
The London-based investment manager said it would invest €250m in Portugal with a “well-capitalised US investment manager”.
The company works with Oaktree, Starwood, HIG Capital, Goldman Sachs and M&G Investments.
Richard Croft, M7 Real Estate’s chief executive, said the company had a “healthy pipeline of potential investments with which to build a meaningful portfolio of income-producing assets”.
He added: “Portugal is on the radar of many real estate investors because of its improving economy and attractive pricing.”
M7 appointed Leonardo Peres as managing director for Portugal and opened a Lisbon office.
Peres, who joins M7 from CBRE, will be responsible for acquisition and asset management programmes.